Market Topics

U.S. Base Oil Price Report

February 20, 2008

Pointing to a continued build in operating costs, at least one U.S. naphthenic base oil producer stepped out with a price hike announcement on Tuesday ...

OSHA Fines Citgo Lake Charles

February 13, 2008

The U.S. Department of Labors Occupational Safety and Health Administration has cited Citgo Petroleum Corp.-LCMC, with proposed penalties totaling $16 ...

Lubrizols Lubricant Additives segment posted a 24 percent increase in operating income for the quarter ending Dec. 31, compared to the year-earlier pe ...

Etna Products Inc. and Germanys Carl Bechem GmbH have formed their second joint venture, Etna-Bechem Europe GmbH, that will market both companies non- ...

In UAE, Total Wears Yellow Hat

February 13, 2008

Total Lubricants has inked a deal making it the exclusive supplier for a franchise of Yellow Hat oil change centers and stores in the United Arab Emir ...

U.S. Base Oil Price Report

February 13, 2008

U.S. base oil market conditions are little changed from a week ago, with most players in agreement that activity is steadily picking up steam in advan ...

OSTFILDERN, Germany – Globalization is changing lubricant and lubricant additive markets around the world, breaking down boundaries and diminish ...

Chemtura Sheds Oleochemicals

January 30, 2008

Chemtura Corp. on Friday announced it had agreed to sell its global oleochemicals business to PMC Group NA Inc. for an undisclosed amount, subject to ...

Valvoline, SK Report Growth

January 30, 2008

Financial results for the quarter ending Dec. 31 show increased sales and operating income at lubricant blender Valvoline, and a steep rise in sales b ...

OAO LukOil recently entered a 5-year strategic cooperation agreement with Russian automaker OAO Severstal-Auto. The deal calls for LukOil to supply au ...

Master Chemical (Shanghai) Co. is constructing a second metalworking fluids manufacturing plant in China, in northernTianjin, to meet growing demand. ...

Warren Oil Co. last week announced the addition of Spencer Oil Co. to its network of Coastal Lubricant distributors. On Jan. 11, Spencer Oil Co. signe ...

U.S. Base Oil Price Report

January 30, 2008

As far as prices are concerned, the U.S. base oil market continues in a holding pattern this week. Sellers said that contract business is at usual lev ...

Fuchs: Lube Demand Swings Up

January 23, 2008

OSTFILDERN, Germany — It took 10 years, but global lubricant demand saw a “clear recovery” in 2006 and reached a total of 36.7 milli ...

Olyslager Goes Solo

January 23, 2008

Olyslager, a Dutch firm that provides lubricant data for the oil industry, recently declared independence with a management buy out byManaging Directo ...

Brazils Petrobras and the Companhia Cubana de Petroleo (Cupet), Cubas state-owned oil company, signed a wide-ranging cooperation agreement last week t ...

New ownership went into effect at Unist Inc., a Grand Rapids, Mich.-based lubrication system manufacturer, on Jan. 1. The shift comes as Chuck Boelkin ...

Malaysias national oil company Petronas named Hans Groen managing director for its Dutch subsidiary and head of European base oil marketing; Houston-b ...

U.S. Base Oil Price Report

January 23, 2008

Although most observers see U.S. base oil activity moving at a sluggish pace so far this year, a few sources said that the tempo is not all that slow ...

Heartland Automotive Holdings, the largest U.S. Jiffy Lube franchisee, and its affiliates on Jan. 7 filed for Chapter 11 bankruptcy reorganization. Th ...