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Chevron, Phillips 66 and CITGO Follow Suit With Lube Price Increase Announcements
Chevron, Phillips 66 and CITGO have announced they will increase their lubricant prices effective mid-May. These announcements follow those of ExxonMobil, Shell Oil Products US (SOPUS), BP Castrol, Petro-Canada, and other recent price increase announcements.
[FULL STORY]
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Petromin JV Partners Dabbagh Group and Gulf Oil International Reportedly Splitting
Saudi Arabian family firm Dabbagh Group is reportedly in the advanced stages of buying out the 49% stake of Gulf Oil International Group, its partner in Petromin, a lubricant venture in the kingdom. The deal is prompted by strategy differences between the partners, sources aware of the matter said. The JV is reportedly valued at about $700 million.
[FULL STORY]
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Veolia Environnement and Total Inaugurate Osilub Used Oil Recycling Plant in Normandy
Paris, France-based environmental services firm, Veolia Environnement and Total Lubrifiants inaugurated the Osilub plant at the Gonfreville lOrcher site in Normandy last Friday. After construction lasting 20 months, this plant will increase the motor oil treatment capacity in France and more generally in northwestern Europe, to re-refine used oil into high-grade lubricants.
[FULL STORY]
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Evergreen Oil Files for Chapter 11
Waste oil collector and re-refiner Evergreen Oil last week filed for Chapter 11 in California bankruptcy court along with its parent and sole shareholder Evergreen Environmental Holdings. Evergreen said because of a fire in 2011 that severely damaged some of its operating equipment and other reasons, its cash flow has been restricted, making it difficult to operate.
[FULL STORY]
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Growing Two-wheeler Lubricants Market Overlooked and Underestimated
With an estimated global population of 490 million units, accounting for a little under 3% of the global lubricant demand, the near 1,080 kilotonnes two-wheeler lubricants market's potential reveals itself as overlooked and underestimated. However, ever greater mobility and disposable income promise significant growth opportunities for this means of transport.
[FULL STORY]
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Total Kenya Expands Lubricant Blending Plant
Total Kenya Ltd, part of the TOTAL Group, has invested Sh100 (US$1.2) million in an additional filling line at the companys lubricating oil blending plant located in Shimanzi, Mombasa. The Total Kenya Lube Oil Blending Plant was built in 1952 and occupies 6,000 square meters and is the second largest plant in the region.
[FULL STORY]
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Global Lube Base Oil Specifications
API Group I
API Group II
API Group III
API Group IV
API Group V
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