Market Topics

Rohm and Haas yesterday said it will eliminate about 900 jobs and idle or close underutilized plants as part of measures to cut costs in response to a ...

Japan, China Get Afton Labs

January 21, 2009

Afton Chemical Corp. said its two new research and development facilities in Japan and China will develop more products, faster, for the Asia Pacific ...

U.S. Base Oil Price Report

January 21, 2009

ExxonMobil dropped posted prices last week by 30 to 50 cents per gallon, and Sunoco followed, knocking 20 to 40 cents off postings. This week five mor ...

This week we have seen a surge in activity on the buying side, particularly for API Group I base oils, in Europe and Middle East. Replenishment of low ...

SSY Base Oil Shipping Report

January 21, 2009

Its been another disappointing week for ship owners. Cargo volumes have remained obstinately low across the globe, and more or less the same total num ...

Valeros API Group I base oil plant in Paulsboro, N.J., is not going out of business, a company executive said. Valero has multiyear contract commitmen ...

Environmental Lubricants Manufacturing has spun off its metalworking fluids business to Performance BioLubes LLC, which hopes to expand the bio-based ...

Craft Oil Corp. acquired lubricants distributor Total Lubrication Services and Supply LLC effective Jan. 2. The price was not disclosed. Total Lubrica ...

Solution Engineering Holdings Bhd and Universiti Putra Malaysia are working together to design and build a 4 million Malaysia Ringgits (U.S. $1.1 mill ...

WD-40 Earnings, Sales Strong

January 14, 2009

Worldwide sales of the lubricants WD-40 and 3-in-One climbed 14.9 percent to $65.9 million for the first quarter ending Nov. 30, compared to the year- ...

U.S. Base Oil Price Report

January 14, 2009

Flint Hills Resources, Motiva and Calumet stepped out with 20 to 40 cent per gallon reductions this week for their API Group I, II and II+ paraffinic ...

With many more participants in the market having returned from the holiday period, this week sees an awakening process for many base oil producers, wh ...

SSY Base Oil Shipping Report

January 14, 2009

The mood of the market is still generally downbeat. A substantial number of tankers of all sizes have no employment, or are very close to becoming ope ...

NEW YORK – Basic economics will determine the longevity of most of todays base oil refineries. While no new solvent refineries will be built, we ...

Puralube recently opened a second rerefinery in Zeitz Chemical and Industrial Park in Troeglitz, Germany, doubling the sites actual API Group II base ...

NEW YORK – Venezuelas lubricants industry faces many of the same challenges today as 48 years ago, including keeping up with technological chang ...

Nippon Oil U.S.A. Ltd. has selected Orange Line Oil Co. to distribute Eneos brand synthetic motor oils throughout the western United States. Under th ...

Hydrodec Secures Feedstock

January 7, 2009

Consolidated Edison Co. of New York will supply Hydrodecs new transformer oil rerefinery in Canton, Ohio, with a minimum of 450,000 gallons of used tr ...

U.S. Base Oil Price Report

January 7, 2009

The first full week of 2009 was a bit disconcerting to participants in the U.S. base oil market. Demand remained thin alongside ample supply and still ...

The New Year has arrived, and with the beginning of 2009, mixed feelings and comments are being heard from the market regarding the exact science of b ...