Market Topics

Base Oil Price Report

February 4, 2004

U.S. base oil producers this week completed a roundof paraffinic price increases that began last week. Six more suppliers followed a pattern set by Ex ...

Gear Oil Spec Finally Meshes

January 28, 2004

Six years ago, the Society of Automotive Engineers adopted its own version of a U.S. Army standard for gear oils. The document was the centerpiece of ...

Valvolines parent company reported Monday that operating profit for the automotive consumer products supplier rose 33 percent to $20 million for the q ...

Japans biggest lubricant company is grabbing a bigger share of the pie. Nippon Oil Corp. announced Friday that is has signed an agreement to take over ...

ExxonMobil and Engen announced recently that they have formed a joint venture to sell lubricants in a five-nation region in southern Africa. The agree ...

IPAC Picks Three

January 28, 2004

International Petroleum Products and Additives Co. has selected three distributors — Aspen Chemical Co., Superior Oil Co. and Young Chemical Co. ...

Base Oil Price Report

January 28, 2004

ExxonMobil posted base oil price increases of 2 to 6 cents per gallon yesterday, a move expected to trigger the first across-the-board price movements ...

The Chinese new yearthat begins Jan. 22 is 4071, the Year of the Monkey. It will also be the year that Chinese motor oil companies take to the nations ...

Binol Buys Bio-lube Business

January 21, 2004

Swedish vegetable oil refiner Karlshamns Group announced recently that subsidiary Binol AB has acquired Raisio Chemicals biodegradable lubricants busi ...

Fresh out of bankruptcy, Safety-Kleen Corp. announced last week that it is looking for a captain to chart its course. The Plano, Texas, used oil reref ...

Base Oil Price Report

January 21, 2004

U.S. base oil suppliers said late last year that demand for exports was unusually strong. It appears that it has only improved in the new year, especi ...

Panel Puts Wrap on GF-4

January 14, 2004

With a final retort to complaints from independent lubricant blenders, the committee drafting the GF-4 passenger car motor oil specification voted las ...

The North Carolina Department of Agriculture and Consumer Services issued a stop sale order late last month on an undetermined quantity of 5W-30 motor ...

After losing the Mars Polar Lander four years ago, Americas space agency was thrilled this month when the first of two Mars Exploration Rovers landed ...

Court Hears Oil Mist Suit

January 14, 2004

A three-judge federal appeals court in Philadelphia heard arguments Friday in a suit brought by unions trying to force the United States to tighten re ...

Base Oil Price Report

January 14, 2004

South Korean conglomerate SK Corp. has taken a more active role in the North American base oil market by forming a U.S. subsidiary, SK E&P Co., wi ...

Warren Swallows Up Coastal

January 7, 2004

Fast-growing Warren Oil Co. last week completed its biggest acquisition yet, buying Coastal Unilube from El Paso Corp. for $34 million. The deal more ...

Ethyl Corp. announced Monday that it is entering the metalworking fluid additives market, one of the first major launches from its product pipeline si ...

Dover Chemical Corp. yesterday named eight distributors to carry its products throughout the United States and Canada – a move taken to streamli ...

Base Oil Price Report

January 7, 2004

With buyers and sellers returning from the holidays, the U.S. base oil market entertained much discussion about prices this week – specifically ...