Volume 5 Issue 27

Base Oil Production in U.S. Dips

United States base oils production declined 2% in April, compared to the same month last year, a U.S. government agency reported last week. Output of paraffinic base stocks slid 3% to 4.1 million barrels, while production of naphthenic oils rose 2% to 822,000 barrels.

Brazil Base Oil Output Jumped in May

Brazil’s base oil production, which is mainly API Group I, increased by nearly 20% in May, while imports slipped by 6% and import volume year to date remained more than 40% behind the same period last year, according to data released last week by a government agency.

U.S. EV Tax Credit Stays at $7,500

A proposal to increase a federal tax credit for purchases of new electric vehicles died in the United States Senate last month, leaving in place a $7,500 credit that is phasing out for popular manufacturers. The proposal, part of President Joseph Biden’s Build Back Better plan, would have raised the credit to $12,500 per vehicle but applied it only to vehicles manufactured in the country by union workers.

From Other Editions of Lube Report

Cupper Builds Blending Plant

ExxonMobil Continues Group II Expansion

Japan Demand Dipped in May

Briefly Noted

RelaDyne acquired Pomona-based Orange Line Oil Co. Inc., a bulk oil wholesaler and distributor serving the southern California region. Richland, Washington-based Christensen Inc., which distributes fuel, lubricants and propane across the Pacific Northwest, acquired lubricants and fuels distributor United Oil, which has operations based in southern Idaho.