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Monday, February 6, 2017VOLUME 13 ISSUE 6
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More Finished Lubricant Price Increases

Further our reporting during the last two weeks finished lubricant price increases by Shell, Chevron, ExxonMobil, CITGO, Phillips 66, and several independents, now add Valvoline, Castrol/BP, Nu-Tier, Allegheny Petroleum Products and Advanced Lubrication Specialties to the list.


Afton Chemical FY2016 Earnings Up

Afton Chemical's full year sales were slightly over $2.0 billion compared to sales in 2015 of $2.1 billion, a decrease of 4.3%. Operating profit for 2016 increased 2.7% to $384.9 million, compared to $374.9 million for 2015. Sales, at $500.0 million, and operating profit, at $75.6 million, for the fourth quarter were both up.


HollyFrontier Closes Acquisition of Petro-Canada Lubricants Business

HollyFrontier last Wednesday announced the completion of the previously announced acquisition of Suncor Energy’s Petro-Canada Lubricants business for CAD $1.125 (approximately US$0.85) billion, including working capital with an estimated value of CAD $342 million.


ExxonMobil, Shell and Phillips 66 Report Earnings

ExxonMobil last week announced fourth quarter earnings of $1.68 billion, down 40% from the 2015 fourth quarter. Shell reported fourth quarter 2016 CCS earnings attributable to shareholders of $1.03 billion, 44% lower than in the 2015 fourth quarter. Phillips 66 reported fourth-quarter earnings of $163 million, down from $650 million in the 2015 fourth quarter.


PetroChoice Acquires Miller Industrial Fluids

PetroChoice last Monday announced the acquisition of Miller Industrial Fluids, LLC, an Indianapolis-based distributor and blender of metalworking products, specialty lubricants, and rust preventatives. With the acquisition of Miller, PetroChoice now has 51 locations servicing 32 states.


Reference Center

Global Lube Base Oil Specifications

API Group I
API Group II
API Group IV
API Group V

January 30, 2017
January 23, 2017
January 16, 2017
January 9, 2017
January 2, 2017


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