JobbersWorld logo

Forward this e-mail to colleagues and friends so they can join the JobbersWorld Online News mailing list.

It's Free!

  

The Forward email button is at bottom of this page


Join Our Mailing List
 

ADVERTISEMENTS

Total Ad1   




JobbersWorld Archives


 


 
May 22, 2012

JOBBERSWORLD...MARKET INTELLIGENCE FOR INTELLIGENT MARKETERS...  

 

Baghdasarian Arrested on Federal Charges

Federal authorities arrested Markos Baghdasarian, former president of Delfin Group USA LLC, as he was boarding a plane at Hartsfield-Jackson International Airport in Atlanta on Saturday. The plane was bound for the United Arab Emirates.


As reported in the April 17, 2012 issue of JobbersWorld, The Bureau of Industry and Security, U.S. Department of Commerce, through its Office of Export Enforcement (OEE), issued an Order temporarily denying the Delfin Group USA LLC, and it's president, Markos Baghdasarian, for a period of 180 days, the export privileges under the Export Administration Regulations. The Order was effective February 25, 2012.  

 

According to the BIS Order, the OEE presented evidence that beginning in or about mid-2010, and continuing thereafter, Delfin Group USA LLC and its president, Markos Baghdasarian, conspired with multiple entities and individuals, including entities and individuals located in the United Arab Emirates (UEA) to export U.S.-origin items subject to the Regulations from the United States to Iran, via transshipment through the UAE, without obtaining the required authorization from the U.S. Government.  

 

In addition, the Order says the OEE presented evidence that Delfin and Baghdasarian used Bagdel Corporation, a freight forwarding company, to facilitate the export and attempted export of the items-polymers and lubricating oils or oil additives, including aviation engine lubricating oils-from the United States to Iran via the UAE. Baghdasarian is also the chief executive officer of Bagdel.

 

 

Lubricant Prices up While Crude Heads Down
 

As reported by JobbersWorld over the last month, most of the majors and independent lubricant manufacturers announced price increase on finished lubricants taking effect this month and next. Whereas many marketers anticipated these increases were imminent based on the trajectory of crude oil prices since the beginning of the year, some are now questioning if the justification for the increases can be sustained in light of the fact that crude oil prices have been retreating over the last few weeks. As shown below, the price of crude is currently close to its low in 2012.

 

Total Ad1

 

To understand the concerns about the recently announced increases in the price of finished lubricants, one needs to look back at what happened in 2011. This is when crude oil prices ramped up sharply in the first two quarters of 2011, and then softened and declined in the second half of the year. Whereas there were four rounds of price increases announced in 2011, the fourth, which was announced to take effect in the fourth quarter of 2011, lost its wind when the price of crude retreated, as illustrated below. In fact, some blenders even backpedaled on the increase and pushed through modest price decreases when crude oil prices dropped.

  

Total Ad1 

So the question on the minds of many at this time is whether the recently, and possibly continuing declines in crude oil prices could result in a repeat performance of what was seen with prices at the end of 2011?    

 

The same question surfaces when one looks at the difference in the price of Brent crude as compared to the price of base oil (the spread). This spread experienced a significant decline during the first quarter of 2012. Compression of the spread typically means base oil producers are under pressure to move prices up, which they did in May. And as expected this triggered the first round of price increases for finished lubricants in 2012. But as shown below, the spread increased over the past two months due to a marked drop in the price of crude and increases in the price of base oils. This too leaves some wondering what's next for base oil and lubricant prices?    

 

 

 

Total Ad1  

  

  

 

CLASSIFIEDS
  Total Ad1

 

As a leader in lubrication and aftermarket preventative maintenance products, Western Marketing Inc. is seeking an experienced Sales Professional in the North / East Texas region. Western Marketing's expertise includes Transport / Fleet, Natural Gas, PCMO, and industrial markets. We're an outstanding company to work for with the highest earning potential in the industry. We're not your average oil distributor / marketer! Please contact us for a confidential interview or conversation.

 

Sales experience is required and knowledge in lubrication or related products is a distinct advantage. Must be a fast learner, personable but persistent and seeking a pay-for-performance culture.

 

Employment package includes excellent earning potential, car allowance and company benefits.

 

Please email resume to info@westmktg.com

 

Territory includes but not limited to North and East Texas running from East Dallas to Longview / Tyler area. Relocation considered.





Lubricating Specialties Company

 

Lubricants and Fluids Sales position in the Central California market

 

Lubricating Specialties Company a well-established, leading blender and packager of oils, greases and industrial fluids on the West Coast, is seeking highly motivated and creative sales candidate.  LSC is seeking to fill a Territory Sales Manager position in the Central California area. The successful candidate will be responsible for outside oil, grease and industrial fluid sales to an existing base of independent Jobbers. Duties will also include expanding the current customer base by adding new accounts and expanding product offerings in those accounts.

 

LSC offers an excellent salary package including commission, health insurance, 401k, fuel and cell phone reimbursement. Qualified candidates may submit resume to: acastillo@lubespecialties.com

 

 

 

Total Ad1 

 

Grade A Petroleum, a leading lubricant distributor in the Greater New York Metropolitan area, is seeking experienced and talented lubricant salespeople to join our team to market several major brands, including BP/Castrol and Conoco/76/Kendall.  Applicants must be skilled in sales to both HDEO and PCEO market segments and willing and able to aggressively develop sales in lower New England, Northern NJ, New York City & Long Island.  Position includes a base salary, benefits, commission & performance spiffs.   

 

Please send resumes to mrobles@gradealube.com, www.gradealube.com.

 

 


Written and published by experts, Jobbers World is brought to you by  

Petroleum Trends International, Inc.

Copyright

  2012 Petroleum Trends International, Inc.