Market Topics

SSY Base Oil Shipping Report

February 25, 2009

It has been another week of growth in the chemical/parcels markets with more ships fixed ahead, causing the pool of prompt positions to shrink just a ...

Heartland Automotive Services Inc., the largest U.S. Jiffy Lube franchisee, recently emerged from Chapter 11 bankruptcy reorganization with an approve ...

Citgo to Shed 75 Workers

February 18, 2009

Citgo Petroleum Corp. on Feb. 11 said it would cut less than 2 percent, or about 75, of its 3,762 employees, as part of a restructuring process driven ...

Authorities for the Port of Fujairah in United Arab Emirates have announced plans to prohibit single-hull tankers of less than 600 metric tons after D ...

Gulf Oil Marine and Aegean Marine Petroleum Network plan to establish a global network and infrastructure for distribution and delivery of marine lubr ...

U.S. Base Oil Report

February 18, 2009

U.S. base oil postings revealed no further movement this week, following a spate of price decreases that were put into effect earlier this month. Prod ...

A week for reflections and resolutions, since many players in the base oils business are either in or en route to London for Institute of Petroleum We ...

SSY Base Oil Shipping Report

February 18, 2009

Chemical tanker markets worldwide are beginning to see some faint signs of recovery, with more cargoes quoted and the amount of open space slowly beco ...

API Scrutinizes GM GEOS

February 11, 2009

General Motors has been hard at work developing a global engine oil specification for its vehicles — and last week the American Petroleum Instit ...

While Lubrizols additives segment posted solid earnings for the quarter ending Dec. 31, the company overall announced a $243 million loss – incl ...

While it still wants to restrict exposures to straight mineral oil mist, the American Council of Governmental Industrial Hygienists has decided its pr ...

Afton Chemical parent NewMarket Corp. on Feb. 4 said its petroleum additives segmented posted a $32.5 million operating profit for the quarter ending ...

A pump failure led to an overflow of 65,000 gallons of waste oil from two collection pits at Caterpillars Joliet, Ill., facility Sunday, and some of t ...

Arizona Chemical is idling its Port St. Joe, Fla., tall oil plant for two weeks starting last Friday, citing economic conditions. Market projections ...

Dorf Ketal Taps Bossco

February 11, 2009

Dorf Ketal Chemicals LLC has picked Bossco Industries to distribute its lubricant and plastic additives product lines in the southcentral United State ...

U.S. Base Oil Price Report

February 11, 2009

Three API Group I and II base oil producers jumped on the band wagon this week, joining the other major paraffinic producers that decreased prices in ...

This fickle market is seeing its weakest period for some time, and last week has been no exception. Base oil prices have plummeted to levels well belo ...

SSY Base Oil Shipping Report

February 11, 2009

Most markets have again registered a slight increase in the amount of business seen over the past week. The additional volume, however, has not been s ...

The district attorneys for five California counties recently reached a $357,800 settlement in a civil suit filed against Wal-Mart Stores Inc. and Warr ...

Behnke Lubricants will pay a $55,055 penalty to the U.S. Environmental Protection Agency for violations of federal pesticide rules because of antimicr ...