Volume 6 Issue 23

U.S. Base Oil Exports Rise, Imports Fall

Base oil exports from the United States climbed 12% to 4.1 million barrels in March – boosted by hefty increases in volumes sent to Mexico, Israel and the Netherlands, according to data released by the U.S. Energy Information Administration. Import volumes to the U.S. declined 6%.

Chile to Nationalize Lithium Industry

Chilean President Gabriel Boric Font unveiled a plan recently to nationalize the country’s lithium industry, declaring that the nation should make the most of a rare economic opportunity. The young, left-leaning leader wants to designate a government entity that would eventually take control of the private companies that have made Chile the world’s second-largest lithium producer.

LubriSource Acquires IFH Fluid Storage Line

LubriSource purchased IFH Group’s global fluid storage and dispensing product line – long used by industries handling oils, lubricants and industrial fluids – and said it was part of its growth strategy to introduce its brand and expertise to customers globally.

From Other Editions of Lube Report

Hill Plans Rerefinery in Lithuania

Russian Lube Imports and Exports Fell in 2022

Avista Partners with IFP Petro in India

Briefly Noted

Brazil’s National Association of Motor Vehicle Manufacturers, or Anfavea, reported yesterday that sales of passenger cars in the South American country declined 6% to 176,500 vehicles licensed in May, compared to the same month last year.