Volume 2 Issue 51
Editors Note: This will be the final SSY Base Oil Shipping Report to appear in Lube Report, where it has run for 11 years. See article for more information.It has been a quiet week out of the U.S., with most December requirements having already been covered. Europe is rather slow, while in Asia there are long lists of December cargoes but no available space.-by Adrian Brown
After previously saying it would release Dexos1 Gen 3 in January and begin commercial licensing during the second quarter, General Motors is considering revising the schedule to push back at least some of the timing. The company plans to announce its decision soon.
The future of Mexico's state-run base oil plant will be troubled if the government continues to ignore investing in the aging structure, industry analysts said at a conference.
U.S. demand volume for industrial oils and fluids is forecast to decrease by a compound annual rate of 0.3 percent out to 2023, but demand is rising for synthetic lubes and products used in select industry sectors, according to a Kline & Co. study.