Volume 13 Issue 50

SSY Base Oil Shipping Report

Adrian Brown is away for the holidays.

Oil Leads Energy Supply to 2040

Global energy demand in 2040 will be 35 percent higher than in 2010, with oil, gas and coal accounting for 77 percent of total energy consumption and hybrids rising to 35 percent of the global light-duty vehicle fleet, according to the 2014 edition of ExxonMobils, The Outlook for Energy: A View to 2040. The number of cars on the road worldwide is expected to approximately double by 2040, the company said, but fuel demand will plateau and gradually decline as consumers turn to smaller, lighter ve...

Will Brazil's Downdraft Chill Region?

JERSEY CITY, N.J. – Two or three years of slow growth in Brazil may drag down the whole South American lubricant market, resulting in lube demand growth in the region of just over 2 percent per year for the next five years, an industry consultant cautions.Sergio Rebelo, managing director of Factor de Solucao/Kline Group Latin America, gave an overview of South Americas present and future lubricant markets at the ICIS Pan-American Base Oils & Lubricants Conference here Dec. 6.South Ame...

API Introduces Online Licensing

Gone are the days when licensees had to complete long and complicated forms,the American Petroleum Institute says upon launching its Engine Oil Licensing and Certification System online application system.The new system is now live, APIs manager of engine oil licensing and certification Kevin Ferrick told Lube Report. Current and prospective licensees can manage all aspects of APIs EOLCS online, from applying for a license to adding and managing products, renewing certification, and arranging pa...

Liqui Moly Invests 20 Million

German motor oil and aftermarket additive manufacturer Liqui Moly will invest nearly 20 million (U.S. $27.4 million) in development and production by 2015, including 17 million in its lubricant business.The company will double its laboratory capacity and boost oil production. More personnel, more equipment, more space – quality control and new developments are vital for us and are simply a part of our Made in Germany concept, Ernest Prost, Liqui Molys managing partner, said in a news relea...

Gazprom, Auto Dealers Secure Deal

Russian lube marketer Gazpromneft Lubricants signed a strategic partnership deal with the Russian Association of Auto Dealers.The agreement announced last week calls for a multilayered partnership that includes joint events, educational and media projects, as well as specially made programs for finished product supply to all car dealer members of the association (ROAD).Gazpromneft Lubricants is Russian oil major Gazprom Nefts lube arm.The partnership between Gazprom and ROAD began earlier this y...