News
Russia to Raise Lube Export Duty by 2021
Russian authorities adopted a bill that will increase export tariffs for motor oils, fuels and other distillates by 4 percent in 2021. Legislators specified that the increase set for 2021 is fixed at 4 percent [...]
SN Plus First Use Set for May 1st
The American Petroleum Institute advised yesterday that May 1 will be the first licensing date for API SN Plus, the supplemental classification for passenger car motor oils. In mid-March API staff [...]
SK Stock Offer Back on Table
The off-and-on plan for an initial public offering for SK Lubricants is on once again, and this time the company’s parent wants to get it done quickly. In a Feb. 26 filing with the Korean Stock Exchange [...]
BASF Increases Prices on Base oil and Lubricants Globally
Ludwigshafen, Germany – November 27, 2017 – Effective December 1, 2017 or as existing contracts permit, BASF will increase prices globally across the portfolios of The price adjustments are [...]
MOTIVA Rolls Out Group III
JERSEY CITY, New Jersey – Following more than a year of rumor and speculation, Motiva officially is jumping into the API Group III base oil arena. Bryan Schorzman, general manager for Motiva base [...]
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