Volume 5 Issue 46

U.S. Base Oil Exports, Imports Fall

The United States’ exports of base oil experienced a 41% year-to-year plunge in August – to the lowest volume since May 2020 – while imports of base oil fell 29%, according to data released by a U.S. government agency.

Greif Acquires Lee Container

Industrial packaging supplier Greif Inc. said last week that it has reached a $300 million deal to acquire Lee Container Corp., a producer of blow-molded jerrycans and other containers used for lubricants and other industries.

Profits Up for Valvoline

Valvoline’s new business model – following the August announcement of the sale of its lubes unit to Saudi Aramco – kept positive momentum in sales and income, though they paled in comparison to Moove’s gains after its acquisition of a distributing giant. Meanwhile, Calumet increased production and sales but experienced a heavy drop in profits.

From Other Editions of Lube Report

South Korean SIT Joins Flock to Russia

BRB Opens Additives Factory

Shell Expands Indonesia Plant

Briefly Noted

Lawrenceville, Georgia-based Majors Management LLC acquired 10 Chevron-branded convenience stores, the dealer wholesale business, and the commercial fuels and lubricants business and associated bulk plant facility from Morgan Oil Co. Inc. in Texas.