Volume 5 Issue 43

U.S. Base Oil Imports, Exports Both Jump

Base oil export volumes from the United States were 26% higher in July, and base oil imports into the U.S. jumped by more than 140%, compared to the same month last year, according to U.S. government agency data. The U.S. Energy Information Administration reported that U.S. base oil exports reached a record 3.9 million barrels in July, compared to 3.1 million barrels in the same month last year.

Brazil Group Offers Engine Oil Training

Brazil’s Institute of Automotive Quality launched a technicians training program about automotive lubricants quality, with the support of the American Petroleum Institute. The initiative aims to enable Brazilian companies to access international standards and references and to gain access to API-certified products.

Profits, Sales Up for Afton

Afton Chemical reported 15% higher operating profit and a 12% bump in sales for the quarter ending Sept. 30 as increases in its own selling prices overcame challenges in raw material and operating costs.

From Other Editions of Lube Report

Puraglobe Builds Third Rerefinery

Uzbeks Want Domestic Gas Engine Oils

CNOOC-Shell Plans PAO Plant in China

Briefly Noted

October U.S. auto sales are expected to be up 4% at 1.1 million units sold, according to a Cox Automotive forecast released Tuesday. Inventories have improved at U.S. automotive dealers since a severe shortage in October 2021, Cox noted, particularly over the last three months.