Volume 6 Issue 31

U.S. Base Oil Output Sagged in May

Base oil production in the United States declined 9% in May, although the volume reached its highest in a month since last July, according to data released by a government agency on Monday. May is usually one of the industry’s most productive months of the year, but this May’s output was the third-lowest in 14 years.

Report Sees Dual Sustainability Roles for Lubes

Like businesses in many industries, lubricant companies are busy looking for ways to reduce amounts of greenhouse gases emitted by their supply chains and their own operations, but a report by the Society of Tribologists and Lubrication Engineers notes that lubricants can also advance sustainability by protecting equipment and helping to improve fuel economy of all kinds of machinery.

Profits Dip at Safety-Kleen, Jump at Quaker Chem

Despite increases in used oil collection and sales volumes of rerefined base oils, Clean Harbors reported lower second quarter revenue and profits for its Safety-Kleen Sustainability Solutions segment, citing unfavorable market conditions including an unexpected June price drop and lower spot pricing.

From Other Editions of Lube Report

MOGoil Bought by Ergon Subsidiary

Chinese Blender Commissions Second Plant

Tsuno Makes Esters from Used Cooking Oil

Briefly Noted

July automotive sales in the United States are expected to reach 1.3 million, a 15% jump from the same month last year, according to a Cox Automotive forecast. Cox attributed the increase to vastly increased inventory levels and a general improvement in consumer sentiment.