Advance Lube Enterprise Sdn Bhd added 2 new photos in Aerosol Products
Feb 10, 2022 at 11:51 am —
Chain Lube
Throttle Body and Carburetor Cleaner
Advance Lube Enterprise Sdn Bhd added a news
Nov 3, 2021 at 05:41 pm —

Oil slips after API data shows U.S. inventory build-up

SINGAPORE, Nov 3 (Reuters) - Oil prices fell on Wednesday as industry data pointed to a big build in crude oil and distillate stocks in the United States, the world's largest oil consumer, and as pressure mounted on OPEC to increase supply. Brent crude futures fell $1.03, or 1.2%, to $83.69 a barrel by 0724 GMT, after dropping to a session-low of $83.27 earlier.   U.S. West Texas Intermediate (WTI) crude futures tumbled $1.30, or 1.6%, to $82.61 a barrel, after dropping to a low of $82.26 earlier. ''Crude prices are declining after the API reported the sixth straight week of crude oil inventory builds and as the Biden administration exhausts every possible plea to OPEC+ members before tapping their Strategic Petroleum Reserve,'' said Edward Moya, senior analyst at OANDA.   ''World leaders are running out of cards to pressure OPEC+ and that should mean whatever dip that comes from tapping strategic reserves from China or the U.S. will likely be bought into.'' President Joe Biden, speaking at a climate summit in Glasgow, blamed a surge in oil and gas prices on a refusal by OPEC nations to pump more crude. read more The Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, meets on Thursday to review its policy and is expected to reconfirm plans for monthly increases. read more U.S. crude and distillate fuel stocks rose last week while gasoline declined, according to market sources citing American Petroleum Institute figures on Tuesday.   Crude stocks rose by 3.6 million barrels for the week ended Oct. 29. Gasoline inventories fell by 552,000 barrels and distillate stocks rose by 573,000 barrels, the data showed, according to the sources, who spoke on condition of anonymity. Analysts polled by Reuters had expected crude oil inventories to have risen last week.   Data from the U.S. Energy Information Administration, the statistical arm of the U.S. Department of Energy, will be released later on Wednesday. In a sign that high prices are encouraging more supply elsewhere, BP said on Tuesday it will ramp up investments in its onshore U.S. shale oil and gas business to $1.5 billion in 2022 from $1 billion this year. read more
Advance Lube Enterprise Sdn Bhd added 13 new photos in Marine Diesel Engine Oil
Oct 7, 2021 at 01:02 pm —
Advance Lube Enterprise Sdn Bhd added 4 new photos in Cutting Oil
Oct 7, 2021 at 09:50 am —
Soluble Cutting Oil G1
Soluble Cutting Oil G2
Soluble Cutting Oil SG1
Semi Synthetic Cutting Oil
Advance Lube Enterprise Sdn Bhd added 3 new photos
Oct 7, 2021 at 09:35 am —
Hydraulic Oil AW 46
Neat Cutting Oil
Advance Lube Enterprise Sdn Bhd added 8 new photos in Hydraulic Oil
Oct 7, 2021 at 09:31 am —
Advance Lube Enterprise Sdn Bhd added a news
Sep 22, 2021 at 04:02 pm —

Oil edges up, as investors worry about global demand

NEW YORK, Sept 21 (Reuters) - Oil prices rose modestly in a see-saw session on Tuesday, as concerns about the global consumption outlook counterbalanced the struggle by big OPEC producers to pump enough supply to meet growing demand. Both benchmarks were at one point up by $1 per barrel, but Brent crude pared gains and settled just up 44 cents at $74.36 a barrel, after falling by almost 2% on Monday. The October West Texas Intermediate (WTI) contract , which expired on Tuesday, rose 27 cents to settle at $70.56 a barrel, after dropping 2.3% in the previous session. The more active November contract rose 35 cents a barrel to $70.49. Brent and the November WTI contract earlier reached session highs of $75.18 a barrel and $71.48 per barrel, respectively.   ''It seems to be a very nervous trade today,'' said Phil Flynn, senior analyst at Price Futures group in Chicago. ''It's a little bit of ongoing concerns about the potential impact of demand going forward.'' The TASS news agency said Russia believes global oil demand may not recover to its 2019 peak before the pandemic, as the energy balance shifts. However, the Organization of the Petroleum Exporting Countries and its allies including Russia (OPEC+) struggled to pump enough oil in August to meet current consumption as the world recovers from the coronavirus pandemic. Several countries appeared to have produced less than expected as part of the OPEC+ agreement - suggesting a supply gap could grow. read more Investors across financial assets have been rocked by fallout from the China Evergrande (3333.HK) crisis that has harmed asset values in risk markets like equities. read more   ''Traders worried that it could trigger a domino effect in China‚Äôs major debt-driven companies, and a rollover bearish effect for stocks and commodity prices,'' said Nishant Bhushan, oil markets analyst at Rystad Energy. ''However, given that all Chinese major banks and lending institutions are controlled by the government, there is a ray of hope in the market that the second biggest economy in the world would be able to absorb shock waves from the Evergrande.'' In addition, the U.S. Federal Reserve is expected to start tightening monetary policy, which could cut investor tolerance for riskier assets such as oil. Fed policymakers began a two-day meeting Tuesday. read more U.S. oil production is still recovering from hurricanes that hit the Gulf Coast region. Royal Dutch Shell (RDSa.L), the largest U.S. Gulf of Mexico oil producer, said on Monday that damage to offshore transfer facilities from Hurricane Ida will cut production into early next year. read more   About 18% of the U.S. Gulf's oil and 27% of its natural gas production remained offline on Monday, more than three weeks after Ida. U.S. crude oil, gasoline and distillate inventories fell last week, according to market sources, citing American Petroleum Institute figures on Tuesday, as numerous refineries and offshore drilling facilities remained shut following Hurricane Ida. Crude stocks fell by 6.1 million barrels for the week ended Sept. 17. Gasoline inventories fell by 432,000 barrels and distillate stocks fell by 2.7 million barrels, the data showed, according to the sources, who spoke on condition of anonymity. Official U.S. government data is due on Wednesday. read more
Advance Lube Enterprise Sdn Bhd added a news
Sep 15, 2021 at 02:16 pm —

Oil settles unchanged as latest storm spares U.S. energy sector

Sept 14 (Reuters) - Oil prices ended largely unchanged on Tuesday as tropical storm Nicholas brought heavy rain and power outages in Texas but caused less damage to U.S. energy infrastructure than Hurricane Ida caused earlier this month. Brent crude settled up 9cents to$73.60 a barrel after hitting a session high of $74.28. U.S. West Texas Intermediate (WTI) crude settled up 1 cent, at $70.46, after touching a high of $71.22. More than 39% of the U.S. Gulf of Mexico's production of crude and natural gas remained shut on Tuesday, the regulator Bureau of Safety and Environmental Enforcement (BSEE) said. Nicholas made landfall in Texas on Monday and was to reach Louisiana on Wednesday, bringing more floods and heavy rains to the Gulf's oil facilities. ''The Gulf situation is not resolving itself quickly,'' said John Kilduff, partner at Again Capital LLC in New York.   Royal Dutch Shell (RDSa.L) shut production at an offshore oil platform due to heavy winds. Vessel traffic at some energy hubs was halted due to difficult weather conditions. ''There's going to be import-export issues because Houston is in a semi-flood zone,'' said Bob Yawger, director of energy futures at Mizuho. Nicholas is the second major storm to threaten the U.S. Gulf region in recent weeks, bringing heavy rains to the Deep South and causing power outages. Still, most Texas refineries were operating normally and Texas utilities were restoring power to customers who suffered outages. read more The Colonial pipeline, the largest U.S. fuel pipeline, partially resumed operations after shutting due to a power outage early in the day.   Oil turned negative during the session after new data from the U.S. Labor Department showed inflation cooling and as worries receded about the storm's impact on the energy sector. read more After three months of declining global oil demand, rollouts of COVID-19 vaccines should rekindle appetite for oil that was suppressed by pandemic restrictions, especially in Asia, the International Energy Agency (IEA) said on Tuesday. The IEA sees a demand rebound of 1.6 million barrels per day (bpd) in October and continued growth until the end of the year. Overall, the agency lowered its 2021 global oil demand growth forecast by 105,000 bpd to 5.2 million bpd but raised its 2022 figure by 85,000 bpd to 3.2 million bpd.   These forecasts are below those of the Organization of the Petroleum Exporting Countries (OPEC), which expects demand to grow by about 5.96 million bpd this year and 4.15 million bpd next year. read more Reuters Graphics Protesters blocked an oil tanker from loading at the Libyan terminal of Es Sider on Tuesday, the National Oil Corp's (NOC) media office and an engineer at the port said. Details on China's plans to sell crude from strategic reserves pressured prices. China's state reserves administration said it would auction about 7.4 million barrels of crude on Sept. 24. read more
Advance Lube Enterprise Sdn Bhd added a news
Sep 13, 2021 at 12:04 pm —

Oil climbs to one-week high on U.S. supply concerns

SINGAPORE, Sept 13 (Reuters) - Oil prices climbed on Monday to a one-week high in a second straight session of gains as concerns over U.S. supplies following damage from Hurricane Ida supported the market, along with expectations for higher demand. Brent crude rose 48 cents, or 0.7% to $73.40 a barrel, and U.S. West Texas Intermediate (WTI) crude also added 49 cents, or 0.7%, to $70.21 a barrel. Both markets were at their highest since Sept. 3 earlier in the session. About three-quarters of the U.S. Gulf's offshore oil production, or about 1.4 million barrels per day, has remained halted since late August - roughly equal to what OPEC member Nigeria produces. ''To compound matters, more oil refineries in Louisiana have resumed operations, raising demand for crude oil,'' ANZ analysts said in a note.   Royal Dutch Shell Plc (RDSa.L), the largest oil producer in the U.S. Gulf of Mexico, on Thursday cancelled some export cargoes due to damage to offshore facilities from Hurricane Ida, signalling energy losses would continue for weeks. read more However, the number of rigs in operation in the United States grew in the latest week, energy service provider Baker Hughes said, indicating production may rise in coming weeks. read more Beyond the impact of Ida, market attention will focus this week on potential revisions to the oil demand outlook for 2022 from the Organization of the Petroleum Operating Countries (OPEC) and the International Energy Agency (IEA). OPEC will likely revise its forecast lower on Monday, two people familiar with the matter said. read more Money managers raised their net long U.S. crude futures and options positions in the week to Sept. 7, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculator group raise its combined futures and options position in New York and London by 1,035 contracts to 279,610 during the period. read more
Advance Lube Enterprise Sdn Bhd added new photo in SWPF Stamping and Wire Drawing Oil
Aug 8, 2021 at 02:01 pm —
HFC Refrigeration Oil VG 68

HFC Refrigeration Oil VG 68

POWER UP Refrigeration Compressor Oils are high performance fully synthetic lubricants specifically designed for the lubrication of refrigeration compressors and systems using ozone-friendly synthetic HFC refrigerants as well as recently developed HFO refrigerants and HFO/HFC blends with lower Global Warming Potential than HFC's, including A1 and A2L refrigerants as per ASHRAE 34/ISO 817 safety classification.     Performance Benefits   Excellent high temperature stability Very effective to rust and corrosion Well defined miscibility and P-V-T relationships with HFC refrigerants Assures high system efficiency and proper oil return in refrigeration system designs Very good anti-wear properties Reduced compressor wear resulting in lower maintenance costs read more
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