Market Topics

Bottle Makers Pop a Cork

August 4, 2004

Plastic blow-molder Graham Packaging Co. said last week that it has agreed to buy the plastics container business unit of Owens-Illinois Inc. for $1.2 ...

The worlds largest manufacturer of constant velocity jointed sideshafts said last week that it has opened a Detroit area tribology laboratory to study ...

Base Oil Price Report

August 4, 2004

Rising prices have been the theme for the U.S. base oil market this year, and the trend continued the past week – in all kinds of ways. ExxonMob ...

Citing concerns that it was preparing an unfair playing field, the American Petroleum Institute said Friday that it will postpone the start of commerc ...

ChevronTexaco Global Lubricants has taken note of shifting demographics in the United States. The company announced this month that it has begun label ...

Young lubricant industry professionals undergo more continuing education than their veteran counterparts, according to a recent survey by the Society ...

Valvoline achieved a 25 percent increase in profitability for the three-month period ended June 30, thanks mostly to increased sales of premium produc ...

Base Oil Price Report

July 28, 2004

San Joaquin Refining Co. last weekend completed a turnaround that hadcurtailed approximately half of the output of its Bakersfield, Calif., naphthenic ...

ExxonMobil Corp. and the nation of Qatar announced last week that they are proceeding with plans to build a $7 billion gas-to-liquids complex and that ...

Bob Olree of General Motors, who chaired the ILSAC/Oil Committee that shepherded the GF-4 passenger car engine oil specification to approval, is signa ...

The National Conference on Weights and Measures voted last week to add lubricants to the list of materials covered by its Handbook 130. The handbook, ...

Total worldwide grease production reached nearly 1.7 billion pounds (764 million kilograms) in 2003, the highest total ever reported in NLGIs annual s ...

Base Oil Price Report

July 21, 2004

After easing last month, crude oil prices have climbed back close to record high marks. Industry analysts say the blame lies with robust demand that i ...

Operational problems at several ethanolamine plants have been resolved, bringing an end to allocations that have beset buyers. Nevertheless, sources s ...

Malaysias national petroleum company last month joined the flock of companies hitching themselves to Chinas economic engine. Petronas formed a subsidi ...

Costs for lubricant additives continue to rise as several more chemical suppliers announced markups last week. All based their actions on higher costs ...

Base Oil Price Report

July 14, 2004

San Joaquin Refining Co. has been forced to halt deliveries of some naphthenic base stocks during a maintenance turnaround, contrary to the refiners p ...

Motiva Enterprises announced last week an expansion that will increase capacity at its Port Arthur, Texas, Group II base oil plant by 13,700 barrels p ...

Lubrizol Corp. disclosed last week that it will cut 95 jobs following last months acquisition of Noveon International. Some of the cuts are being made ...

Contrary to upbeat comments from industry observers, U.S. lubricant demand did not rebound early this year, according to the latest sales data from th ...