Volume 2 Issue 3

SSY Base Oil Shipping Report

The first week of 2019 was unexceptional in terms of new business, but allowances must be made for the remnants of the holiday season. Competitive freights can be secured in all regions for prompt loading, at least until cargo volumes pick up over the next week or two.-by Adrian Brown

Russian Lube Demand Grew in 2018

Russia's lubricant market had a healthy year in 2018 thanks to growth of the overall economy, including several segments that are big consumers of lubricants.

French Firm to Acquire Kenyan Lube Marketer

Authorities have approved Rubis' proposed acquisition of KenolKobil, one of East Africas leading lubricant suppliers. Rubis, a France-based oil products supplier, already owned 24.99 percent of the Kenyan company when it announced the then $353 million takeover offer in October.

Russian Base Oil Output on Upward Trend

Russia's base oil production increased 3 percent in the first half of 2018, compared to 2017's first half, and the trend was forecasted to continue for the rest of 2018 thanks to a surge in vehicle sales and increased base oil exports.

From Other Editions of Lube Report

Briefly Noted

Shell distributor Vivo Energy Ghana appointed Ben Hassan Ouattara managing director effective Jan. 1.  Azelis will distribute Angus Chemical Co.‘s line of nitroalkanes and their derivatives, which are sold into the metalworking fluids market, in Russia and Belgium.