Market Topics

Base Oil Price Report

June 22, 2005

The U.S. base oil market completed another round of price hikes the past week, with increases announced by six more refiners. Moreover, crude oil pric ...

Chemical distributor Ivanhoe Industries Inc. has been purchased by three former employees of Arkema, Totals former chemicals business. Jeffrey M. Snyd ...

Crompton Corp. and Great Lakes Chemical Corp. received formal clearance from the European Commission June 15 for their proposed merger. The $1.8 billi ...

Cognis Corp. announced last week that it plans to form its oleochemicals business into a separate company on July 1. Previous statements about the pla ...

No question that ExxonMobil is a big supplier of base oil to the lubricants industry. The company controls nearly one of every six barrels of mineral ...

Base Oil Price Report

June 15, 2005

Base oil prices in the United States are rising, after all, but not just for bright stock. ExxonMobil announced markups for all grades Monday, trigger ...

Former Pennzoil-Quaker State executive Gerald Jackson was named general manager of base oils for Motiva Enterprises LLC, effective June 1. Jackson has ...

Simons Petroleum Inc. announced Thursday that it has purchased Colorado petroleum marketer Trevco. The acquisition completes the first step in Simons ...

State-owned giant Oil and Natural Gas Corp., India’s biggest company, has announced its interest in acquiring the 27.2 percent stake that state- ...

The Royal Dutch/Shell Group this month awarded a single multi-year contract for planning and placement of advertising for three business groups, inclu ...

BP, owner of the Castrol brand, and automaker Dong Feng Group last week unveiled an agreement to form a blending and marketing joint venture to supply ...

Base Oil Price Report

June 8, 2005

Valero received no company the past week on its June 1 hike of bright stock prices. Some observers took that as a sign that other bright stock supplie ...

Noco Energy Corp. last month opened a 40,000-square-foot lubricants distribution center in Liverpool, N.Y. The facility, which replaces one of half th ...

Price hikes continue to beset the market for chemicals used in lubricant additives. Supresta, Troy Corp. and Dow Chemical sang a familiar tune with re ...

In an effort to help farmers by stimulating industrial use of vegetable oils, the governor of Iowa signed into law Monday a bill providing tax breaks ...

Dover Chemical Corp. has agreed to buy the chlorinated paraffins business of Pioneer Companies Inc., a deal that gives Dover a monopoly on chlorinated ...

Base Oil Price Report

June 1, 2005

Valero hiked its posted price for bright stock by a nickel per gallon, effective today, attributing the move to continued tightness of supply. Market ...

Washington State commercial fuels marketer PetroCard Systems announced last month that it has acquired Thunderbird Lubrications, one of the nations la ...

The International Group Inc. has acquired Honeywells industrial wax business in the United States, the companies announced yesterday. The transaction ...

ExxonMobil Chemical recently completed an expansion that increased capacity to produce high-viscosity polyalphaolefins at its plant in Beaumont, Texas ...