Volume 6 Issue 32
U.S. Base Oil Exports Rise in May
August 9, 2023The United States exported 11% more base oil in May – boosted by triple-digit percentage increases in volumes to India, Mexico and Nigeria – according to government data. In contrast, U.S. base oil import volumes for the month declined by 2%.
Valvoline Inc. Reports Higher Profits, Sales
August 9, 2023Valvoline Inc. reported large increases in income and sales from continuing operations and in system-wide store sales for the quarter ended June 30, citing resiliency in its preventive maintenance business.
Lubes’n’Greases August Issue Available
August 9, 2023The August issue outlines how to best care for metalworking fluids and explores how tribologists are navigating the unique challenges of electric vehicle lubrication. Plus, find out why the grease industry isn’t so keen on the term “food-grade lubricant” as well as why filterability is a critical performance characteristic of today’s hydraulic fluids.
Brazil Imports Less Base Oil in June
August 9, 2023Brazil imported 17% less base oil, and the South American country's base oil exports declined 14% in June, compared to the volumes in the same month last year, according to government agency data.
From Other Editions of Lube Report
August 9, 2023Costs Push Russians to Less Expensive Car Care
Briefly Noted
August 9, 2023Valvoline Inc. announced today that Sam Mitchell is retiring as CEO and as a member of its board of directors effective Sept. 30. Mitchell will be succeeded by Lori Flees, current president of Retail Services, as the Lexington, Kentucky-based company’s CEO, and Flees will also join the company’s board.