Market Topics

Oxea Expands in Esters

May 20, 2009

Oxea announced last week that it has agreed to buy an ester plant in Amsterdam from ExxonMobil Chemical. The companies did not disclose the price of t ...

Westway Terminal Co. agreed this week with an unnamed oil company to store nearly 170,000 barrels of base oil at its Port Allen, La., terminal over th ...

Chemidex LLC last week launched its Lubricant & Metalworking Fluids Cybrary industry search engine, which is intended to enable lubricant and met ...

Oil Spots Canon Image

May 20, 2009

Canon is offering free cleaning of two of its popular high-end digital cameras to remove excess oil applied during manufacturing to lubricate internal ...

U.S. base oil fundamentals held firm during the past week, reflecting the scenario that has been apparent since early-to-mid April. Despite rising fee ...

Its a time of disparity and even confusion in the Europe-Middle East-Africa base oil market. Some producers have started to increase prices, particula ...

European markets have been more encouraging over the past week with more enquiries seen. The long Ascension Day weekend however is looming and may def ...

Several major oil companies notified U.S. customers of finished lube price cuts in recent weeks, which industry sources see as an effort to reduce the ...

The National Marine Manufacturers Association approved a new four-stroke oil specification for catalyzed marine outboard engines that features tougher ...

MOSCOW – LLK-Naftan has bucked the trend for lubricant additive companies in the former Soviet Union, growing its business during its first thre ...

Independent refiner Calumet Specialty Products reported strong income but lower sales for the quarter ending March 31, while South Korean refiner S-Oi ...

The U.S. base oil arena maintained its steady course heading into mid-May, continuing a trend that has been in place since early April. Market fundame ...

Europes peak production period for finished lubes, particularly in the automotive sector, should be upon us, but there is little sign of any increase ...

Cargo volumes have been reasonable this week across many trade lanes. Still greatest by far is the amount of material moving into Asia and into China ...

NYNASHAMN, Sweden – Nynas, the world’s largest supplier of naphthenic base oils, plansto double the capacity of its 7,800-barrel-per-day r ...

Milacron, in Chapter 11 bankruptcy since March, has agreed to sell its assets for an estimated $175 million to a group consisting primarily of current ...

MOSCOW – Russian oil giant LukOil remains committed to investing in the lubricants market despite a 60 percent drop in lubricants production sin ...

Ashland’s Valvoline division, Lubrizols additives segment, Fuchs Petrolub AG and Quaker Chemical reported a mixed bag of financial results for t ...

Bolivian President Evo Morales on Friday nationalized British aviation fuel and lubricants supplier Air BPs Bolivian subsidiary, though a BP spokesman ...

The U.S. base oils market was described by both the buy and sell camps as steady this week, continuing a trend seen throughout April and into this fir ...