News
IMO 2020 Brings Increased Base Oil Freight Costs
Compliance with the looming IMO 2020 will impact the cost of freight for African lubricant blenders, and some were advised to place orders for base oils before the International Maritime [...]
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 [...]
ExxonMobil Plans More Base Oil Projects
ExxonMobil, the world’s largest base oil supplier, has made capital investments at several plants the past few years. Apparently it plans more of the same in coming years. Last week the company [...]
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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