Volume 6 Issue 11
U.S. Base Oil Exports Fall, Imports RiseMarch 15, 2023
Base oil exports from the United States fell 6% in 2022, while imports rose by the same amount, according to U.S. Energy Information data. In December, the volume of base oil that the country exported dropped 41%, while the volume of base oil imported rose 30%, compared to the same month in 2021.
RelaDyne Expands into Latin AmericaMarch 15, 2023
American lubricant distributor RelaDyne has expanded its yearslong buying spree beyond its home borders, announcing March 8 that it acquired Grupo Lucalza, which carries lubes and fuels in several Latin American countries. The lubricant distribution market in the United States has undergone a great deal of consolidation the past two decades, but few of the acquisitions and mergers have crossed the nation’s borders.
Calumet Reduced Loss in 2022March 15, 2023
Calumet Specialty Products Partners L.P. trimmed its losses while increasing sales revenue for the quarter ending Dec. 31 and for the full year 2022. Sales for its performance brands segment – which includes packaged and synthetic specialty products – were up 26% in the fourth quarter.
From Other Editions of Lube ReportMarch 15, 2023
TotalEnergies Relinquishes Russia Plant
Lubes’n’Greases March Issue AvailableMarch 15, 2023
The March issue delves into the buzz-worthy introduction of ILSAC GF-7. Find out when it will make its debut and how it will differ from GF-6. Plus, discover how the war in Ukraine has affected the Russian lubricants market, and learn about the most important attributes that a fluid testing lab should possess.
Also in this issue:
Base Oil Report: Pricing
Are falling base oil prices and the beginning of the spring season ushering in an uptick of activity in the base oil market?
Sustainability: Turning Points
Germany’s words of the year have indicated that sustainability is at the forefront of the country’s consciousness. Apu Gosalia explains how.
Need to Know: A Muddled Market
The lubricants market has weathered many a storm during the past three years, but the numerous unprecedented changes have left lubricant marketers unsure how to plan for the future.
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Briefly NotedMarch 15, 2023
Chevron Oronite announced on Monday that Colleen Cervantes, currently president of Chevron Chemicals, will retire on April 3, after nearly 40 years of service to Chevron. Cervantes will be replaced by Mitra Basiri Kashanchi, vice president, manufacturing and supply, Chevron Chemicals, effective April 3.