Home March 18, 2020

March 18, 2020

Volume 3 Issue 12

Fog Weighs on Base Oil Traffic

Hurricanes justifiably cause much consternation for Gulf Coast base oil refiners and their customers, but fog is a bigger disruptor, settling in more frequently and fouling supply chains for up to weeks at a time.

PdVSA Lube Chief Arrested

The president of Petroleos de Venezuela S.A.’s lubricant business was one of several company officials arrested early this month on corruption allegations by a committee appointed to reform the national oil company.

Parkland’s Lubes Sales Rise

Canada-based distributor Parkland Fuel Corp. posted a 122 percent jump in consolidated revenue for its lubricant segment for full year 2019, thanks to acquisitions that helped it break into overseas markets.

Briefly Noted

Commerce City, Colorado-based Offen Petroleum acquired Bosselman Energy, a lubricants distributor operating in Nebraska, Colorado, Kansas and Iowa. Westlake, Ohio-based specialty chemical distributor Sea-Land Chemical Co. promoted Matthew Mapus to vice president of marketing. Mapus previously served as the company's director of marketing.

Base Oil Reports

purple world americas

U.S. Base Oil Price Report

While most of the market’s attention was captured by the impact of the coronavirus outbreak and the restrictions imposed on businesses and the general population in the United States, a number of base oil price decreases in both the paraffinic and naphthenic camps emerged, completing the round that started in early March.– by Gabriela Wheeler
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