Market Topics

Etro Cracks China

June 24, 2009

KUALA LUMPUR, Malaysia – Petronas Base Oil yesterday concluded its second significant sale this month of Etro-branded API Group III base oils to ...

Neste Oil, Bapco and Oil and Gas Holding Co. last week reached a milestone in their base oil project in Bahrain with the formal establishment of their ...

Huntsman Corp. and Laffans Petrochemicals Ltd. have signed a letter of intent to finalize a collaboration agreement to share know-how, expertise and r ...

Bulgarian lubricant marketer Prista Oil has reached an agreement to buy 92 percent of Hungarian petroleum specialty manufacturer Bogdany Petrol Ltd. P ...

Despite U.S. base oil activity being fairly sluggish this week, there was fresh news of price changes. Holly said it increased several API Group I gra ...

The oil markets are again in turmoil after the World Bank announced doubts as to economic stability throughout the world. The energy companies and oil ...

It has been a much quieter week on all fronts. With only a few exceptions, most European routes have been slower. In the United States, there has not ...

The Pension Benefit Guaranty Corp. wants to take over the underfunded pension plan covering about 8,400 employees and retirees of Milacron Inc., which ...

More Lubes for Indonesia

June 17, 2009

Idemitsu Kosan on Thursday announced plans to invest $13.5 million next year to more than double its finished lubricants production capacity in Indone ...

A short power outage Friday at Calumets Shreveport, La., refinery caused a flume of black smoke and a brief reduction in base oil production during th ...

BASF and F.A.R. have agreed to cooperate on the production, marketing and sale of the polyalcohol trimethylolpropane, which is used in production of s ...

Parkland Income Fund agreed to acquire the fuel distribution business of Columbia Fuels Ltd., which also delivers lubricants to commercial customers, ...

A scattering of posted price changes spread through the base oils market during the past week. Motiva, Holly and Flint Hills Resources jumped on the b ...

The term deja vu comes to mind: prices only seen some two years ago are starting to make a comeback. The EMEA base oil market is exceptionally difficu ...

Because there is so little open tonnage in the U.S. Gulf of Mexico, rates look firm on the majority of routes out. Inter-European trades fared reasona ...

Thirty-six companies charged with hazardous contamination of soil and groundwater at the Breslube-Penn Superfund Site in Coraopolis, Pa., have agreed ...

Lanxess AG will acquire the business and production assets of Chinese-based Jiangsu Polyols Chemical Co. Ltd., which produces polyalcohols that can be ...

Chevron Picks Multisol

June 10, 2009

Chevron has selected U.K.-based Multisol Ltd. as an authorized distributor of its API Group II/II+ base oils in Europe. Chevron Belgium N.V. selected ...

Oxea, Dow Raise Prices

June 10, 2009

Oxea recently announced price increases on polyols, olefins and carboxylic acids used in lubricants, while Dow said it would raise prices on a number ...

ConocoPhillips, ExxonMobil and Valero stepped out with plans to alter base oil postings, adding to the mix of recently issued price hikes. There was a ...