Volume 1 Issue 45
SSY Base Oil Shipping Report
November 6, 2018Very little progress has been made in any of the regions over the past week. The Americas and Europe are still desperately slow, and Asia is only marginally better.-by Adrian Brown
Slow Growth for Russian Motor Oil Demand
November 6, 2018Russias economy is forecast to continue slowly growing, and that should be enough to spur motor oil demand to increase at a compound annual rate of 1.6 percent through 2023, according to a market research firm.
Saudi Project to Make Base Oils at Yanbu
November 6, 2018Saudi Aramco and Sabic said they have chosen Yanbu, Saudi Arabia, as the site for a large chemicals refinery that will include a base oil plant. The crude oil to chemicals facility is scheduled to open in 2025.
Group I Resurgence in South Africa
November 6, 2018Not long ago, lubricant blenders in South Africa had begun shifting from API Group I to Group II base stocks. Now a number of them are switching back to Group I, industry insiders told a meeting last week in Cape Town, South Africa.
Profits Up for Fuchs, Down for BP Lubes
November 6, 2018Independent lubricants blender Fuchs Petrolub SE reported increases in profits and sales, while BPs lubricants business took a drop in profit for the third quarter, compared to 2017s third quarter.
From Other Editions of Lube Report
November 6, 2018Briefly Noted
November 6, 2018KPI Bridge Oil, a global trader and broker in marine lubricants, promoted Victoria Freeman to chief financial officer last week. She previously held the position of group financial controller with the company.Lukoilrenewed contracts with Alrosa Group to increase lubricant supplies to the mining companys subsidiaries Severalmaz and Almazy Anabara by 30 percent.