Volume 6 Issue 49
Novvi Bankruptcy Case Aimed at Restructuring
December 6, 2023Chemical company Novvi LLC filed what it described as a voluntary bankruptcy petition Sunday, stating that it intends to repay all outstanding external creditors and to better position its business for growth.
U.S. Base Oil Production Dips
December 6, 2023U.S. base oil production decreased 4% in September, although naphthenic base oil production experienced a 16% jump in volume, according to U.S. government agency data released Nov. 30.
Brazil Base Oil Output Fell Steeply in October
December 6, 2023Brazil’s base oil production tumbled down by 56% to its lowest point this year, while its lubricants import volume was up 18% in October, reaching its highest total since March 2021.
Briefly Noted
December 6, 2023Canada’s light vehicle sales reached almost 140,000 units in November, a more than 20% increase from the same month last year, DesRosiers Automotive Consultants reported.