Volume 7 Issue 15
U.S. Base Oil Exports, Imports Both Up
April 10, 2024The United States’ base oil exports volume jumped 34% in January, while base oil imports rose 10%, according to data released by the U.S. Energy Information Administration.
Rerefined Oils Said to Still Need PR
April 10, 2024Technology and feedstock quality have made great strides, but rerefined base oils still need some public relations, said speakers at a recent industry conference.
Earnings Fall at WD-40
April 10, 2024WD-40 Co. reported a decrease in net income on increased net sales for its maintenance products segments for its second fiscal quarter ended Feb. 29, while Mr. Lube + Tires, a Canadian quick lube service business, posted increased sales revenue for 2023 and the fourth quarter.
Briefly Noted
April 10, 2024VT Batteries will distribute Indianapolis-based Lucas Oil’s motor oil products in South American markets – including Argentina, Brazil, Chile, Columbia, Ecuador, Peru and Uruguay – under an agreement announced April 4. VT Batteries established subsidiary VT Power Brasil, which will collaborate with local manufacturers in Sao Paulo, Brazil to spearhead the supply and delivery of Lucas Oil motor oils.