Volume 1 Issue 13
Europe is still reasonably busy. The market from the United States to Asia has come unstuck, causing ripples to spread to some other U.S. routes. Asian markets are not particularly busy, but ships are sailing, and rates are generally stable.-by Adrian Brown
API Group II base stocks have carved a place for themselves in Europe during the past decade, and an Infineum official noted recently that several new suppliers are now entering the market.
The Lubricant Producers Association of Nigeria has asked the national government to prevent one of its agencies from imposing a new fee on base oil imports, claiming they will drive up finished lubricant prices.
Following a strong fourth quarter and 2017, Fuchs Petrolub SE plans to focus on investing in China, the United States and Germany during 2018, the company stated in its annual report released last week. After opening several new facilities throughout 2017, the independent lubricant blender plans to open more over the next few years.
Russian police this week broke up an alleged a counterfeit motor oil distribution ring accused of defrauding oil companies of more than U.S. $200,000 in the Orsk region.