Volume 7 Issue 14
Higher Sales Power Moove Earnings
April 3, 2024Moove 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
April 3, 2024Base 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
April 3, 2024Brazil’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.
Briefly Noted
April 3, 2024Sales 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.