Volume 9 Issue 18
U.S. Base Oil Output Rose in February
May 1, 2024Base oil production in the United States jumped 22% in February, compared to the same month last year, according to data released Tuesday by the U.S. Energy information administration.
First Quarter Earnings Bump for Afton
May 1, 2024Afton Chemical achieved a 14% increase in first-quarter operating profit, primarily due to lower costs that overcame a dip in sales revenue.
Brazil Base Oil Imports Up Again
May 1, 2024Brazil imported 62% more base oil in March, compared to the same month last year, according to data released Tuesday by the National Agency of Petroleum, Natural Gas and Biofuels.
From Other Editions of Lube Report
May 1, 2024Fuchs: Regulations, EVs Pose Challenges
Briefly Noted
May 1, 2024Cox Automotive forecasted a decline in April’s sales of new vehicles in the United States to 1.3 million, a 3% decrease from the same month last year.