Volume 3 Issue 18

Lube Marketers Cut Prices

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.

GF-6, SP Hit Market May 1

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.

Q1 Profits, Sales Up for Afton

Afton Chemical posted increases in both operating profit and sales for the quarter ending March 31, compared to a year earlier.

From Other Editions of Lube Report

Tatneft to Open New Lube Blending Plant

Russian Auto Sales Sag Under Covid-19

Oil Trader Ensnared in Scandal

Briefly Noted

ExxonMobil announced April 24 that it reconfigured its chemical manufacturing facility in Louisiana to produce medical-grade hand sanitizer for donation to Covid-19 response efforts in Louisiana, New Jersey, New Mexico, New York, Pennsylvania and Texas. The company increased monthly production of isopropyl alcohol by about 3,000 metric tons at its facility in Baton Rouge and then – to produce, package and distribute hand sanitizer – purchased additional ingredients and modified equipment in Baton Rouge and at its lubricants plant in nearby Port Allen.