Volume 1 Issue 12

SSY Base Oil Shipping Report

Europe enjoyed a reasonably active week, and the United States is not a bad place for a ship to be seeking employment either. Asian markets, however, are still not fully functioning after the lunar holidays.-by Adrian Brown

MWF Guidance Launched in UK

In April, the United Kingdom Lubricants Association Metalworking Fluid Product Stewardship Group and the countrys Health and Safety Executive will launch the Good Practice Guidance for Managing Metalworking Fluids.

Gazpromneft Sells More Motor Oil in 2017

Russian Gazpromneft-Lubricants last year increased sales of its flagship G-Energy branded motor oil products by 12 percent to 46,000 tons. It also boosted sales in foreign countries by 5 percent to 96,000 tons, in line with a strategy to expand abroad.

Automakers May Impact East African Market

Automobile factories are sprouting across East Africa - developing a new industry for the region. Lubricant industry insiders expect it to increase lubricant consumption and to speed adoption of higher quality engine oil, sources said, but they disagree on the amount of impact and pace of change.

From Other Editions of Lube Report

Briefly Noted

South Africas Competition Tribunal approved stated-owned Chinese energy giant Sinopecs deal to acquire a 75 percent stake in Chevron South Africa. Conditions included a 6 billion South African rand (U.S. $499 million) investment in the Western Cape refinery over the next five years, and the promise of exporting Chevron S.A. products to China. EPPCO, a joint venture between Enoc and Caltex, signed an agreement with Middle Eastern online retailer Souq to sell its automotive and industrial lubricants through the Amazon-owned platform. Malaysian oil company Petronas opened a new $60 million global research and technology center last week in Turin, Italy.