Volume 9 Issue 19

U.S. Base Oil Exports Jump

United States base oil exports jumped by 60% in February, while base oil imports fell 34%, according to data released by the U.S. Energy Information Administration.

Valvoline, Quaker Chemical Profits Rise

Valvoline Inc. reported higher revenue and a quarter bump in increases in operating income for the three months ended March 31, while Quaker Chemical’s net income headed in the opposite direction.

Safety-Kleen Acquires Noble Oil

Safety-Kleen Systems acquired Noble Oil Recycling, which collects used oil in the Eastern United States and has a North Carolina rerefinery that produces vacuum gas oil.

From Other Editions of Lube Report

Lukoil Lube, Base Oil Production Falls

Castrol Earnings Up, Luberef’s Down

Mitsubishi, Denka Form Fullerenes JV

Briefly Noted

TotalEnergies Marketing Canada Inc. renewed its partnership with Kubota Canada Ltd., a Japanese manufacturer of agricultural equipment. It continues a partnership that began in 2018, under which TotalEnergies produces Kubota-branded lubricants at its plant near Montreal and distributes them to its dealer network.