Volume 4 Issue 2
United States base oil production continued to recover from the impacts of the COVID-19 pandemic in October, rising above 5 million barrels for the first time in 2020, according to recently released data from the U.S. Energy Information Agency.
The American Petroleum Institute announced the start yesterday of the 2021 cycle of its Aftermarket Audit Program, saying that it aims to once again test up to 1,300 engine oil samples drawn from around the world to monitor their compliance with API and ILSAC specifications.
SK Capital Partners L.P. made a controlling investment in Baltimore, Maryland-based lubricants and specialty chemicals distributor Tilley Chemical Co. The investment amount was not disclosed.
WD-40 Co. reported net income of $23.6 million for the quarter ending Nov. 30, up 94% from $12.2 million in the same period in 2019. The company cited strong demand for its maintenance products, driven by renovation trends associated with the COVID-19 pandemic.