Volume 3 Issue 18
Several major and independent lubricant marketers have reduced prices on finished products in the United States in recent weeks. Industry insiders said the move was predictable given recent reduction in base stock prices and complicated in some cases by measures taken to combat the Covid-19 pandemic.
First licensing for ILSAC GF-6A and GF-6B and API SP is scheduled to begin May 1. Despite the Covid-19 pandemic’s impacts, hundreds of licensed GF-6 products are expected to be added to the American Petroleum Institute’s online Engine Oil Licensing and Certification System this Friday, according to an API official.
Afton Chemical posted increases in both operating profit and sales for the quarter ending March 31, compared to a year earlier.