Gabriela Wheeler

Sep 27, 2024 | lubesngreases.com | Gabriela Wheeler

Slowing demand, healthy supply levels, falling crude oil prices and the need to start clearing inventories at the end of the most active period of the hurricane season were thought to be behind a series of posted base oil price decreases that emerged in early September. Some participants deemed the initiatives slightly premature, as the industry was not out of the woods in terms of severe weather exposure.

Sep 2, 2024 | lubesngreases.com | Gabriela Wheeler

There were many exciting moments during the Olympic surfing competition this August—including the surprise appearance of a whale during the semifinal—but what most surfers seemed worried about were the unpredictable, intense waves of Tahiti. Similarly, while the base oils market has been riding a fairly steady wave this summer, participants remained conscious of the fact that severe weather events during the hurricane season in the Atlantic basin might upset the delicately balanced conditions.

Aug 23, 2024 | portallubes.com.br | Gabriela Wheeler |Gustavo Belmiro

Rerefining in Asia – As global environmental concerns and sustainability efforts continue to grow, many governments have started to implement more stringent regulations focusing on waste reduction, segregation and recycling. In India, Extended Producer Responsibility (EPR) regulations applicable to used oil collection went into effect in April of this year, on the back of similar rules governing the disposal of e-waste, plastics, batteries and tires.

Aug 1, 2024 | lubesngreases.com | Gabriela Wheeler

After a fairly strong start to the summer driving season, most base oil suppliers expected demand to taper off, supplies to lengthen and the summer doldrums to set in. Typically, base oil consumption weakens as the summer unfolds because most lubricant manufacturers have produced enough stocks to cover consumers’ needs, and there is less incentive to acquire large orders comparable to those placed in the spring.

Jul 24, 2024 | lubesngreases.com | Gabriela Wheeler

Over the past eight months, a number of incidents have had severe impacts on base oil cargoes, extending delivery times and catapulting freight rates to all-time highs. Attacks by Houthis on commercial vessels passing Yemen and drought in Panama both profoundly affected marine transportation and the trade of base oils and lubricants, Gulf Oil Marine’s COO, Safiul Gazi, said at the 16th ICIS Asian Base Oils and Lubricants Conference held in Singapore.