Volume 7 Issue 8

Venezuelan Rebound Draws Interest

Amid early signs of a thaw in international relations, Venezuela’s economy and lubricant market have begun to rebound, stirring renewed interest by domestic and international companies alike.

Downturn for Safety-Kleen, HF Sinclair

Clean Harbor’s Safety-Kleen Sustainability Solutions segment suffered declines in third-party revenues for the full year and fourth quarter, due to late-year challenges in base oil and lubricant pricing, while HF Sinclair’s income from operations for its lubricants and specialties segment also fell in the full year and fourth quarter.

EPA May Slow Emissions Clampdown

After pushback from automakers and unions, the United States Environmental Protection Agency may propose slowing the pace of regulations that would require adoption of electric vehicles, according to recent news reports.

From Other Editions of Lube Report

Uzbek Company Buys Italian Blender

Chevron: Industry Faces Uncertain Times

Profits Rise for GS Caltex, Fall for Thai Oil

Briefly Noted

Luciano Macias, general manager of Terpel Peru, was appointed general manager for Terpel in Ecuador, starting Feb. 1. Terpel markets and distributes Mobil-branded lubricants in Colombia, Ecuador and Peru.