Volume 2 Issue 43
SSY Base Oil Shipping Report
October 22, 2019Demand to supply of tonnage is well balanced in the U.S. Gulf, keeping rates mostly stable. European markets are not under a great deal of stress either. However, Asia has been quieter recently.-by Adrian Brown
Shell Trading Distributes Bapco Base Oils
October 22, 2019Bahrain Petroleum Co. has signed an agreement appointing Shell Trading and Shipping Co. exclusive distributor in Europe and the Americas of Bapcos API Group III base oils.
Fuchs to Go Carbon Neutral in 2020
October 22, 2019Fuchs Petrolub, the world's largest independent lubricant manufacturer, will be carbon-dioxide neutral by the start of 2020, the company announced on Friday.
Russias Motor Oil Demand Inching Up
October 22, 2019Russias motor oil consumption is expected to rise by a compound annual rate of 1.4 percent through 2024 as the countrys active vehicle parc increases, while sales of new Russian-made cars stagnate, a consultancy found.
From Other Editions of Lube Report
October 22, 2019Briefly Noted
October 22, 2019Luxembourg-based Azelis, which distributes specialty chemicals and food ingredients, signed an agreement to acquire Beirut, Lebanon-based Orkila, a distributor of specialty chemicals and food ingredients throughout Africa and the Middle East. Among other products, Orkila offers corrosion inhibitors and surfactants for the oil field industry; and catalysts for a range of applications focused on the refining and petrochemical industries, including lube oils and wax.