Volume 4 Issue 6
U.S. Base Oil Output Up for November
February 10, 2021The United States base oil market continued its recovery in November, producing 5.4 million barrels of base stocks, which was 3% more than the average of the previous five Novembers. It was the first month in 2020 that output exceeded the running five-year average and served as another step back from the mid-year ravages of the COVID-19 pandemic.
Q4 Profits Better for Afton, Valvoline
February 10, 2021Afton Chemical recorded higher operating profit in the fourth quarter, but weaker full-year results, while Valvoline posted increases in sales and operating income for its fiscal quarter ending Dec. 31.
Petrobras Agrees on Refinery Sale
February 10, 2021Petrobras announced on Feb. 8 that has agreed to sell its Landulpho Alves Refinery in Mataripe, Brazil, to Mubadala Investment Co. for U.S. $1.7 billion. Known as RLAM, the refinery has a base oil plant with capacity to make 1,750 barrels per day of API Group I base stocks.
From Other Editions of Lube Report
February 10, 2021Colonial Breaks Ground in Saudi Arabia
Briefly Noted
February 10, 2021Midland, Michigan-based Savant Labs, an independent testing laboratory and research center, expanded its SRV testing capabilities for lubricating oil and grease testing. SRV bench units are considered useful for evaluating the effectiveness of lubricants in simulated applications. The initials are derived from German words: schwingung (oscillation), reibung (friction) and verschleiss (wear).