Volume 3 Issue 11
Brazils Petrobras said Tuesday that it plans to sell its fuels and lubricants business in Colombia, part of a broader plan to sell assets in order to optimize its capital resources.
Clean Harbors announced on Monday that its Safety-Kleen subsidiary and all of its waste oil collection businesses will raise prices related to collection of used engine and industrial oils, citing impacts from the IMO 2020 regulations went into full effect March 1.
Calumet Specialty Products Partners L.P. posted a $38.6 million net loss for the quarter ending Dec. 31, down from an $18.1 million net profit in 2018's fourth quarter. The company posted a full-year net loss of $43.6 million, improving from a $55.1 million net loss for 2018.