Market Topics

This month Goodyear begins offering Valvoline motor oils, transmission fluids, brake and hydraulic fluids, grease and fuel system cleaner at the chain ...

Indonesias energy minister inaugurated Pertaminas 130 million liter per year lubricants blending plant in Gresik, a port in the countrys East Java pro ...

Saudi Amines JV On Target

February 4, 2009

Construction of Huntsmans and Al-Zamil Groups ethyleneamines joint venture plant in Jubail, Saudi Arabia, is on schedule and expected to finish by Nov ...

U.S. Base Oil Price Report

February 4, 2009

More price-decrease announcements hit the U.S. base oil arena this week, as market conditions struggled to regain a steady footing. Flint Hills Resour ...

Suddenly, there would appear to be a great deal of base oil for sale in the market. Why this has come about right at this moment is a little unclear, ...

SSY Base Oil Shipping Report

February 4, 2009

Some regions have registered a slight increase in the amount of new business quoted. The drivers for the change appear to be a certain amount of stock ...

Ergon Readies for Expansion

January 28, 2009

Naphthenic base oil producer Ergon began a turnaround in the first half of January at its Vicksburg, Miss., refinery, as it finalized its planned 6,50 ...

SK, S-Oil Up, Valvoline Down

January 28, 2009

For the quarter ending Dec. 31, lubricant blender Valvoline reported a slight decline in operating income and a rise in sales compared to the year-ear ...

Chemtura Reorganizes (Again)

January 28, 2009

Chemtura Corp. has taken steps to realign its businesses, as it also strives to trim fixed costs, improve cash flow, and perhaps sell assets to pull i ...

Rohm and Haas Co. has obtained a Delaware courts permission for an expedited trial March 9 in its lawsuit to compel Dow Chemical to close on its acqui ...

Spanjaard Ltd. said it will expand its manufacturing facilities in South Africa in part to meet increased demand in the maintenance lubricants arena. ...

U.S. Base Oil Price Report

January 28, 2009

Motiva surprised the market this week, announcing that it will reduce its API Group II and Group II+ base oils between 45 and 65 cents per gallon. Erg ...

The rush of enquiries and the promises to clear out inventories from last week have still not materialised, and all the talk of replenishment on a lar ...

SSY Base Oil Shipping Report

January 28, 2009

Shipping markets worldwide continue to struggle with a lack of demand. There have been bright spots, such as Transatlantic, and more business quoted f ...

Evonik RohMax Additives GmbH yesterday announced the acquisition of the oil additives business of DOS, a producer of methacrylates. Terms were not dis ...

Oil Supply Ship Sinks

January 21, 2009

A 166 foot offshore oil supply vessel sank next to an oil platform 16 miles from Nikiski, Alaska, on Thursday, taking with it roughly 700 gallons of v ...

ExMo Lifts Lube Allocations

January 21, 2009

ExxonMobil Lubricants and Specialties is lifting U.S. sales allocations for all automotive synthetic products effective today, and is lifting or incre ...

Rohm and Haas yesterday said it will eliminate about 900 jobs and idle or close underutilized plants as part of measures to cut costs in response to a ...

Japan, China Get Afton Labs

January 21, 2009

Afton Chemical Corp. said its two new research and development facilities in Japan and China will develop more products, faster, for the Asia Pacific ...

U.S. Base Oil Price Report

January 21, 2009

ExxonMobil dropped posted prices last week by 30 to 50 cents per gallon, and Sunoco followed, knocking 20 to 40 cents off postings. This week five mor ...