Market Topics

Tensions from terrorist attacks were enough to delay Fuchs Petrolub AGs coming out party in Indonesia, but not to dampen enthusiasm about its prospect ...

Base Oil Price Report

January 15, 2003

Prices did indeed change in the U.S. base oil market this week, but not the way most people expected. ExxonMobil surprised buyers and sellers by lower ...

Lubrizol Picks Hambrick

January 15, 2003

Lubrizol Corp. last week elected board member James L. Hambrick president, succeeding William G. Bares who remains chairman and chief executive office ...

Shell Oil Products U.S. has agreed to pay $495,000 in fines to settle a federal case over violations of air pollution, water pollution and hazardous w ...

Base Oil Price Report

January 8, 2003

U.S. naphthenic suppliers welcomed 2003 with price hikes, and sources throughout the base oil market warned that coming weeks could be turbulent. Exis ...

Kaufman Holdings has consolidated Royal Lubricants Inc. under the name of sister company Anderol Inc. The synthetic lubricants and brands of both comp ...

An Elgin, Ill., parts cleaner services company filed a $400 million antitrust lawsuit Monday against Safety-Kleen Corp., alleging that the bankrupt ma ...

With an agreement that would write down its debt and restructure its ownership, Thai Lube Base Co. plans to reopen its base oil refinery in April or M ...

Base Oil Price Report

December 31, 2002

The U.S. base oil market remained quiet but watchful in the midst of the holiday season. Much of the industry has been on vacation for all or parts of ...

Nippon Oil Corp. is ramping up its motor oil business on opposite sides of the globe. Japans largest oil company announced late last month that it pla ...

A French-American joint venture to build a synthetic esters plant in Spartanburg, South Carolina, has stalled due to the bankruptcy of the U.S. partne ...

Probex Announces European J.V.

December 31, 2002

Would-be used oil reprocessor Probex announced last week that it has entered a joint venture agreement to build a 120,000 metric-ton-per-year plant in ...

Base Oil Price Report

December 24, 2002

Citgo Petroleum Corp. said its Cit-Con base oil refinery continues to operate normally despite disruption of crude oil supplies from strike-hampered p ...

O’Brien Take Tops $3 Million

December 24, 2002

James J. OBriens paychecks have gotten bigger since he gained some responsibilities other than Valvoline. OBrien – who earlier this year was nam ...

Shell Oil Products US announced Thursday that it will close its Deer Park, Texas, base oil refinery – a move expected to tighten the U.S. base o ...

Base Oil Price Report

December 18, 2002

Petroleos de Venezuela S.A. planned by today to shut down its base oil refinery in Curacao, Netherlands Antilles, due to a 17-day strike that has hams ...

Synthetic lubricant producer Ultrachem Inc. has announced an expansion that will double the size of its New Castle, Del., operation next year. The com ...

ExxonMobil Lubricants and Specialties Co. announced Monday that it has installed a newly developed grease making process to double the capacity of its ...

Dover Buys Mayco From BP

December 18, 2002

Dover Chemical announced last week that it has purchased sulfurized additive producer Mayco from BPs Castrol Industrial North America. Terms of the de ...

Base Oil Price Report

December 11, 2002

The U.S. base oil market remained calm this week, with no changes in price postings by principal suppliers. Crude oil costs rose over the past week, w ...