Volume 6 Issue 50

SSY Base Oil Shipping Report

Tight space availability for December has caused rates to increase on most U.S. routes, as well as in Asia. The coastal market in Europe, however, is not especially tight, and freights have not visibly changed.-by Adrian Brown

Industrial Oil Suppliers Well-suited for EVs

Asias electric vehicles growth will create new market opportunities for marketers of industrial lubricants, not just automotive lubes, a consultant said last month at a conference in Singapore.

Viva Buys Out Liberty Wholesale Business

Viva Energy, Shells exclusive lubricants distributor in Australia, has completed its purchase of the remaining 50 percent of Liberty Oils Australian wholesale fuel and lubricant distribution business.

JXTG Rebrands for Globalization

JXTG Holdings Inc. will change its trade name and the name of its lubricant and grease producing subsidiary to Eneos and integrate its management structure to create a global brand for its overseas market, the company announced recently.

From Other Editions of Lube Report

Briefly Noted

AP Oil began manufacturing marine oils for Gazprom Neft at APs blending facility in Singapore. Gazprom said the oils protect engines running on fuels that comply with IMO 2020 requirements.