Volume 1 Issue 9
Business has been reasonably active across the majority of U.S. trade lanes this week. Several European routes enjoyed a busy week, but others were left dangling. Asia was quiet due to the holidays.-by Adrian Brown
Abu Dhabi National Oil Co. signed an exclusive agreement last week for Chemlube S.A. to distribute its API Group III base oils in Europe.
A plant in Nizhnekamsk restarted its polyalphaolefin production after an eight-year hiatus that was due to lack of feedstock supply and sanctions imposed by the international community on several Russian oil majors.
Fuchs Petrolub SE and the naphthenic business unit of Nynas reported increased profits and sales for 2017.