Volume 2 Issue 16

SSY Base Oil Shipping Report

Adrian Brown is away. His column will reappear in the April 23 edition of Lube Report EMEA.

Scant Growth Forecast for 2019

Global lubricant demand - excluding marine oils - is expected to increase 0.5 percent to 36.6 million metric tons this year, according to a presentation given at the Uniti Mineral Oil Technology Forum held earlier this month in Stuttgart, Germany.

Aramco to Take Smaller Stake in Oilbank

Saudi Aramco reached an agreement to purchase a 17 percent stake in South Korean oil refiner Hyundai Oilbank for 1.4 trillion won ($1.2 billion), the state-owned company announced yesterday. This is slightly smaller than the stake Aramco announced that it had agreed to take in late January.

Tatneft to Open New Lube Blending Plant

Tatneft plans to open a 200,000 tons per year lubricants blending plant at its Taneco refinery site in Nizhnekamsk, Russia, according to the companys top officials.

Chevron Adds Second Group II Hub in Africa

Chevron established a second API Group II base oil hub in Africa through a distribution agreement with a Moroccan company, extending its coverage of the African market.

From Other Editions of Lube Report