Market Topics

Base Oil Price Report

October 23, 2002

ExxonMobil raised posted prices Monday, triggering the first round of base oil price hikes in the United States in seven weeks. The markups had been m ...

Probex Corp. announced last week that it has widened the search for financing options for a $130 million used oil reprocessing plant it plans to build ...

Automotive refrigerant sales – or rather, the lack thereof – were all that kept Valvoline from heating up in 2002. Parent company Ashland ...

After a five-year hiatus, ExxonMobil is resuming production of Group III base oils at its refinery in Fawley, U.K. The company said it made the decisi ...

Base Oil Price Report

October 16, 2002

The likelihood of price increases for U.S. base oils appears to be growing, according to both sellers and buyers. Industry sources say buoyant crude o ...

Shunning the lure of streamlining, ConocoPhillips says it has decided to maintain all four of its lubricants brands. Officials acknowledge that the de ...

Base Oil Price Report

October 9, 2002

U.S. base oil suppliers temporarily closed several Gulf Coast refineries in the face of Hurricane Lili last week, tightening supplies in the process. ...

Haas Corp. announced Monday that it has acquired the Total Chemical Management business of Radian International LLC to form the worlds largest indepen ...

Bayer AG announced Friday that it has agreed to sell specialty chemical maker Rhein Chemie Rheinau GmbH to a Boston investment firm for Euro 215 milli ...

The project that was in line to become the worlds first commercial supplier of gas-to-liquids base stocks has left the queue. Syntroleum Corp. says it ...

Base Oil Price Report

October 2, 2002

During a quiet week for the U.S. base oil market, sellers and buyers watched two fronts – the economy and Americas confrontation with Iraq ̵ ...

The Mexican subsidiary of Kluber Lubrication Munchen KG is building a 95,000-square-foot grease plant to replace an existing facility in Mexico City. ...

(COLORADO SPRINGS, Colo.) Saying that many automatic transmission fluids today are inadequate to meet its service life and performance goals, General ...

(COLORADO SPRINGS, Colo.) Engine oils for General Motors 2004 model year passenger cars will have to leap an additional hurdle beyond the ILSAC GF-3 s ...

Shell Oil Co. completed its acquisition of Pennzoil-Quaker State Co. yesterday, after agreeing to meet regulator demands to sell Pennzoil-Quaker State ...

Base Oil Price Report

September 25, 2002

With mark-ups announced by Citgo last week, the U.S. naphthenic base oil market wrapped up a round of price hikes that stretched out nearly a month. M ...

ExxonMobil Cements Deal

September 25, 2002

ExxonMobil Lubricants and Specialties announced last week that it has won a contract to become the sole source, worldwide supplier of lubricants and i ...

Fast Lube Slow Down

September 25, 2002

Fast lube industry growth continues to slow, and profit margins slipped in the past year, according to National Oil & Lube News. For the fifth con ...

Calumet Lubricants Co. says it will adjust operations at its Shreveport, La., base oil refinery, eliminating production of naphthenics while adding ca ...

Base Oil Price Report

September 18, 2002

If Shell Oil Co. has to sacrifice a stake in Excel Paralubes to complete its purchase of Pennzoil-Quaker State Co., observers say it wont have a probl ...