Volume 7 Issue 8-2

U.S. Base Oils Dominate Latin America

Structural shortages of base oil production in Latin America are attracting imports from other regions, and the market increasingly relies on supplies coming from the United States, attendees at an industry event heard in London last week.

Calumet Cuts Loss; Perimeter Profit Falls

Calumet Specialty Products Partners L.P. reported a rebound in net income for the full year 2023, although the fourth quarter brought a net loss, while Perimeter Solution’s specialty products earnings declined by double-digit percentages for the full year and fourth quarter.

Will Nixing of Lubnor Sale Hurt Industry?

When Petrobras nixed the sale of its Lubnor refinery last year, it seemingly reduced the likelihood of near-term upgrades to the site’s base oil plant, but observers say it may not have affected competition in the domestic base oil market.

From Other Editions of Lube Report

Perstorp Opens Penta Plant in India

Venezuelan Rebound Draws Interest

EPA May Slow Emissions Clampdown

Briefly Noted

Sales of new vehicles in the United States were forecast to reach 1.2 million units in February, a 6% increase compared to the same month last year, when the market was still in the midst of recovery from severe product shortages, Cox Automotive reported.