Market Topics

Base Oil Price Report

November 19, 2003

ExxonMobil offered a bit more information about plans for its Baton Rouge, La., base oil plant at the Lubricants and Waxes meeting hosted by the Natio ...

Shelf space for high-mileage motor oils became more crowded this month with the launch of four more entrants into the category. With the arrival of th ...

Jiffy Lube Ventures into China

November 12, 2003

Jiffy Lube International and Chinese carmaker Shanghai Automotive Industry Corp. announced a joint venture Oct. 29 aimed at building a chain of quick- ...

Nalco Bought Out by Investors

November 12, 2003

A private equity group said last week that it has purchased chemicals and process service provider Ondeo Nalco from Paris-based Suez S.A. for $4.2 bil ...

Base Oil Price Report

November 12, 2003

The U.S. base oil market is back to its game of trying to anticipate the next consolidation of Group I supply. It is an activity based on a trend that ...

The Society of Tribologists and Lubrication Engineers last week approved a recommendation to establish a certification program to identify individuals ...

Lubrizol Announces Layoffs

November 5, 2003

Spurred by a decline in earnings, Lubrizol Corp. announced yesterday that it will eliminate 150 jobs by the end of this year. The additive supplier sa ...

Higher costs dragged down third-quarter financial performance for Ethyl Corp. and Quaker Chemical Corp., despite sharp year-to-year increases in sales ...

In one of a series of cost-cutting measures, Crompton Corp. says it will close a refrigeration lubricant plant in Gretna, La., by the end of this year ...

Base Oil Price Report

November 5, 2003

The U.S. base oil market remains stable – as it has been for much of 2003. On the paraffinic side, observers said, supply and demand remain gene ...

Industry representatives said during the past week that a lawsuit filed by unions seeking to toughen oil mist exposure limits is based on unfounded cl ...

SK Plant Damaged By Fire

October 29, 2003

It appears that even foreign suppliers are not to be left out of the disruptions that have afflicted the U.S. base oil market this year. A fire broke ...

Quaker Chemical Corp. announced Monday that it has acquired Cincinnati Vulcan Co.s steel and food-grade lubricants businesses. Quaker said the transac ...

As Ineos Chlor seeks to become a prominent North American supplier of chlorinated paraffins, it has allied with two chemical distributors freed up by ...

Base Oil Price Report

October 29, 2003

Prices for paraffinic base oils in the United States have not changed since mid-August, but the market leader is apparently still trying to justify th ...

The United Auto Workers and the United Steelworkers of America yesterday sued U.S. Secretary of Labor Elaine Chao, seeking to force the federal govern ...

GTL Base Oils by 2008?

October 22, 2003

The Royal Dutch/Shell Group and Qatar Petroleum signed an agreement Monday to build a 140,000-barrel-per-day gas-to-liquids refinery – a plant t ...

The fiscal quarter ended Sept. 30 yielded quite different results for two lubricant industry heavies. Valvoline closed out its best fiscal year with f ...

Base Oil Price Report

October 22, 2003

Base oil gross refining margins are up in North America this year, but are lagging well behind those being seen in Western Europe. According to an ana ...

API Seeks Answers for SM

October 15, 2003

With the new GF-4 gasoline engine oil upgrade now virtually certain to be approved later this year, industrywide interest has turned sharply to the de ...