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Monday, October 31, 2016   VOLUME 12 ISSUE 44  
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Afton Chemical Posts 5.8% Increase in 3Q Profit

Afton Chemical's operating profit for the third quarter of 2016 was $106.4 million, a 5.8% increase over the third quarter last year of $100.5 million. Sales for the petroleum additives segment for the third quarter of 2016 were $512.4 million, down 4.4% versus the same period last year.


Major Oil Co 3Q Earnings Improving But Still Down

Sequentially, the major oil companies' third quarter earnings are better, but still down compared to the third quarter of 2015. Chevron reported earnings of $1.3 billion, down from $2.0 billion in the third quarter of 2015, while ExxonMobil reported estimated earnings of $2.7 billion, down from $4.2 billion.


Gulf Oil Lubricants India to Blend Bajaj Genuine Oil

Gulf Oil Lubricants India Limited, a Hinduja Group company, last Wednesday inked an agreement with Indian motorcycle OEM Bajaj Auto Limited, one of world’s largest manufacturers of motorcycles, to manufacture engine oil for Bajaj motorcycles.


Pennzoil, Quaker State Announce New Packaging

Beginning November 1, Pennzoil and Quaker State will both be rolling out new packaging for their one quart and multi-quart bottles. Pennzoil will be making the switch to all-yellow bottles/jugs, while Quaker State will be changing to all-green bottles/jugs.


VP Racing Fuels Introduces New Line of Lubricants

VP Racing Fuels has developed VP Racing Lubricants, a family of fully synthetic professional grade racing oils and high performance synthetic blend motor oils as well as a full synthetic and a mineral gear oil, an engine break-in oil and engine assembly lube.


Multisol's Distribution of Chevron Premium Base Oils Expanded

Chevron Belgium N.V. announced that it renewed its contract for European distribution with Multisol Group. Under the new agreement Multisol will distribute Chevron Group II premium base oils also in the Balkan countries of Croatia, Slovenia, Bosnia & Herzegovina, Serbia, and Slovakia.


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Global Lube Base Oil Specifications

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