Volume 9 Issue 19
U.S. Base Oil Exports Jump
May 8, 2024United 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
May 8, 2024Valvoline 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
May 8, 2024Safety-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
May 8, 2024Lukoil Lube, Base Oil Production Falls
Briefly Noted
May 8, 2024TotalEnergies 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.