Volume 7 Issue 14

Higher Sales Power Moove Earnings

Moove achieved large increases in profits and combined lubricants and base oil sales volume for both full year 2023 and the fourth quarter. A key factor cited was the boost last year in its international presence.

U.S. Naphthenic Output Tanked in January

Base oil production in the United States decreased 8% in January, while naphthenic base oil output sank 24% to its lowest mark in several years, according to data released by the U.S. Energy Information Administration on March 29.

Brazil Base Oil Imports Up in February

Brazil’s base oil imports and exports both rose by double-digit percentages in February, according to data released last week by the nation’s National Agency of Petroleum, Natural Gas and Biofuels.

From Other Editions of Lube Report

Modrica Loss Worsened in 2023

Investment Firm Ups Stake in Prista

Japan’s Lube Production Declines

Briefly Noted

Sales of new vehicles in the United States were forecast to reach 1.4 million units in March, a 5% increase from the same month last year, supported by significantly improved new vehicle inventory levels, Cox Automotive reported.