Market Topics

Base Oil Price Report

February 20, 2002

ExxonMobil this week announced that it will lower base oil prices again, a move likely to trigger the fourth round of cuts in just over four months. O ...

Newly Spun Cognis Restructures

February 20, 2002

Fresh from its spin-off by Henkel, Cognis has unveiled a streamlined organizational structure aimed at increasing flexibility and speeding decision-ma ...

Already facing a tall task to finance its Sweetwater gas-to-liquids plant, Syntroleum Corp. has suffered another setback in the loss of bankrupt energ ...

With final approval from the U.S. Federal Trade Commission, a trustee on Feb. 13 completed its sale of Texacos shares in the Equilon and Motiva partne ...

Base Oil Price Report

February 13, 2002

U.S. lubricant blenders may be looking wistfully to Europe these days. Despite recent drops in domestic U.S. base oil prices, the spread for European ...

In announcing its 2001 financial results yesterday, Milacron Inc. said its Metalworking Technologies division earned $19.9 million, down from $70.7 mi ...

Independent lubricant blenders entered the ASEAN marketplace just two decades ago, and today they number over 100. Total annual demand for lubricants ...

Declaring its intention to survive steel industry consolidation, Quaker Chemical Corp. on Thursday announced that it is buying United Lubricants Corp. ...

Base Oil Price Report

February 6, 2002

With the U.S. base oil market continuing to hibernate, suppliers have a bit of time to wonder when, and to what extent, demand will again increase. Lu ...

Lubrizol Corp. said Monday that it has agreed to buy Chemron Corp., a specialty surfactant formulator and producer based in Paso Robles, Calif. Wickli ...

Despite a regulatory hitch, BP has purchased a 51-percent stake in Veba Oel Group, creating a partnership that is the largest lubricant marketer in Ge ...

SINGAPORE-Chinas admission to the World Trade Organization on Dec. 11, 2001 will bring down tariffs and trade barriers, and is opening the country to ...

Several lubricant and additive companies this week reported year-end financial results that, while lackluster, hint at the beginnings of a rebound for ...

Base Oil Price Report

January 30, 2002

U.S. base oil suppliers may be talking down the likelihood of further price reductions, but purchasers see hopes for more cuts, especially for lower-v ...

Valvolines first-quarter operating income increased 10 percent, to $11 million, parent company Ashland Inc. reported last week. Income from the Marath ...

Shifting from a tier-two to a tier-one supplier, Dow Chemical Co. announced a deal to become the direct and sole source of brake fluid for all of Gene ...

As president of an engineering firm that offers predictive maintenance services, Bill Marscher is a staunch proponent of condition monitoring. But he ...

Pennzoil-Quaker State Co. warned that it will declare a pre-tax charge of up to $20 million for the fourth quarter of 2001 due to the bankruptcy of Km ...

Base Oil Price Report

January 23, 2002

With one unusual exception, principal U.S. base oil suppliers lowered price postings during the past week, completing a third round of price cuts sinc ...

Continuing to build its defoamer business by acquisition, The Lubrizol Corp. announced last week that it has bought Kabo Unlimited Inc. The acquisitio ...