Calumet Specialty Products Partners fourth quarter 2012 net income was up compared to the year earlier quarter, and its full year 2012 net income was far larger than in 2011. Indianapolis-headquartered Calumet reported net income of $45.7 million for the quarter ended Dec. 31, 2012, up 69.9 percent from $26.9 million in 2011s fourth quarter. For the full year 2012, Calumets net income reached $205.7 million, up 378.4 percent from $43 million in 2011. Fourth quarter sales revenue for Calumet t...

Kamaz, Russias biggest truck manufacturer, is now promoting Kamaz-branded heavy-duty motor oils developed with LLK International, the countrys biggest lube manufacturer. LLK International is oil major Lukoils lubricants subsidiary. As a result of the common technical policy and partnership agreement between Kamaz and Lukoil, we developed a line of mineral, semi-synthetic and synthetic engine oils, the truck manufacturer said in its Feb. 8 press release. Kamaz, Kamaz Optimum, and Kamaz Profess...

Brown Evans Distributing and Union Distributing merged to form Senergy Petroleum, which will distribute lubricants in Arizona and the U.S. Southwest. Terms were not disclosed. According to their web sites, Brown Evans distributes Chevron, Texaco and MaxPro lubricants, and Union distributes 76, Conoco, Phillips 66, Kendall and Mystik lubricants. Unions David Lueth and Warren Lueth and Brown Evans Kathye Brown will retain joint principal ownership, and industry veteran and former Canyon State Oi...

Rerefiner Universal Lubricants opened a 52,000 square foot lubricant warehouse and distribution center in leased space in Dallas, where it will serve as the primary distributor of Valvoline lubricants in that market. The new Dallas facility will also house an indoor tank farm to store the new lubricants that will be delivered in bulk. This area represents a great growth market for both our companies, said Rick Palmore, Universal Lubricants vice president of distribution and sales. The company ...

Japanese oil company JX Nippon is restructuring its lubricants division for greater efficiency. On Feb. 5, JX officials detailed the reforms as part of a strategic review of the lubricants sector. According to a company press release, JX will abolish the lubricant sales subdivision as well as the lubricant oil supply subdivision, which are separate bodies under the current structure. The current organization will remain in place until the end of the fiscal year, March 31. Starting April 1, JX ...

Pettit Oil Co. acquired the lubricant distribution and other assets of PNEC Corp., which does business as SC Fuels, for an undisclosed amount. The acquisition includes Tacoma, Wash-based PNECs distribution facilities in Bremerton and Everett, Wash., as well as the companys heating oil and commercial fuel distribution assets. This move significantly expands our companys footprint within western Washington, especially in the Puget Sound, and Olympic and Kitsap Peninsulas, said Pettit Oil Preside...

Europe has been the most active of all the markets, followed closely by Asia. U.S. shipping has hit a brick wall, with demand muted for almost the entire week. U.S. Gulf of Mexico It is difficult to fully grasp what is happening in the U.S. market. On the demand side, all of the main routes out of the U.S. Gulf are tight on February space, and have been for several weeks, suggesting contractual demand is solid for scheduled carriers. On the supply side, there is a quantifiable pool of ships th...