Volume 3 Issue 16

U.S. Base Oil Output Fell in 2019

Base oil production in the United States dropped 9 percent in 2019, according to recently released data, as refiners perhaps let some air out of an over-supplied market. Exports – including those to most of the Americas – decreased, and imports swelled as domestic usage remained relatively flat.

Tractor Fluid Settlement Agreed Upon

A Federal District Court judge in Missouri granted preliminary approval to a class action settlement providing reimbursement to customers who purchased certain tractor hydraulic fluids labeled as 303 products and marketed by Citgo and another company.

Calumet to Close Plant, Furlough Workers

Calumet Specialty Products Partners L.P. will close a lubricants plant in New Jersey and furlough manufacturing employees at a Missouri synthetic lubricants plant as part of its efforts to shore up the company’s balance sheet, according to a statement released last week.

WD-40 Earnings Slide

WD-40 posted net income of $14.3 million for the quarter ending Feb. 29, down 10 percent from the year-earlier period, with net sales down 1 percent at $100 million.

From Other Editions of Lube Report

Gulf Oil Auto Lube Now Compliant

UEIL Opposes Tax Proposal

Malaysian Palm Industry Wants to Reopen