Volume 2 Issue 8
SSY Base Oil Shipping Report
February 20, 2019Business has picked up over the past week in Europe, but Asia is slow to gather momentum. The U.S. market is heavily committed to contracts, but less so for spot business. Space is tight all the same.-by Adrian Brown
Drum Prices Normalize After Steel Tariffs
February 20, 2019Tariffs imposed on lubricants and lubricant additives traded between the United States and China have made an obvious impact on the markets in both countries, but the U.S. industry has also been affected by levies that Washington, D.C. imposed on steel imports.
Big Oil's Shrinking Share in Andes Region
February 20, 2019Except for Venezuela, lubricant demand in South Americas Andes region has been growing in recent years, and the biggest beneficiaries have been local suppliers and second-tier foreign marketers. Big international oil majors have lost significant market share for a variety of reasons, including their own pullbacks and the entry of new suppliers.
Cosan Caps 2018 with Strong Fourth Quarter
February 20, 2019Moove - Cosans lubricant production and distribution arm - capped off an auspicious run in 2018 with a strong fourth quarter, increasing revenue and keeping lubricant volumes steady amid lower demand.
From Other Editions of Lube Report
February 20, 2019Briefly Noted
February 20, 2019Chevron Products Co., a division of Chevron U.S.A. Inc., announced Tracey Gardiner succeeded Cary Knuth as vice president of base oils on Jan. 1. The company also named Luyen Vo marketing and business development manager, immediately succeeding Brent Lok, who will retire this April. Bradford, Pennsylvania-basedAmerican Refining Group Inc.said Jon Giberson will succeed Jeannine Schoenecker as president and chief operating officer.Chevron Phillips Chemical Co.announced Carolyn Burke as senior vice president and chief financial officer effective Feb. 13.