Market Topics

Lubricating Specialties Co. announced the opening of a new distribution center – a 100,000-square-foot warehouse with 3.5 acres of outdoor stora ...

Base Oil Price Report

May 28, 2003

Base oil production at Petroleos de Venezuela S.A. appears to be returning to normal levels – and Group I buyers in the United States are reliev ...

The worlds largest naphthenic base oil supplier has gained a foothold in the United States – but not out of a desire to expand in that market. A ...

Probex Goes Belly Up

May 21, 2003

Probex Corp. filed for Chapter 7 bankruptcy protection May 13, ending its nine-year effort to set a new standard in base oil rerefining. The Addison, ...

Fuchs Profits Up Again

May 21, 2003

Fuchs Petrolub AG Thursday reported a 32 percent jump in its first-quarter profit, due primarily to cost-cutting and lower taxes and interest expense. ...

Specialty chemicals producer Cognis announced that it is building a plant in Jacarei, Brazil, to produce polyol ester refrigeration oils. The company, ...

Base Oil Price Report

May 21, 2003

A power outage Thursday caused an unscheduled shutdown of the Excel Paralubes base oil plant in Louisiana. ConocoPhillips said it expects to resume no ...

GF-4 Picks Up Steam

May 14, 2003

Springtime has put some welcome wind back into the sails of the next gasoline engine oil upgrade, GF-4. Auto and oil industry representatives are expe ...

The University of Northern Iowa has received a $1 million federal grant to begin expanding its Ag-Based Industrial Lubricants Research Program into a ...

BASF and ExxonMobil Chemical Co. announced Monday that BASF has acquired ExxonMobils Vistanex LM polyisobutylene business. The companies did not discl ...

Ethyl Corp. posted a profit of $16.3 million in the first quarter of 2003 after losing $1.6 million during the same period of 2002, but the improvemen ...

Cam2 Buys BoMac

May 14, 2003

Lubricant marketer Cam2 Oil Products Co., of New Britain, Pa., announced last week that it has purchased BoMac Lubricant Technologies, of Greensboro, ...

Base Oil Price Report

May 14, 2003

Excel Paralubes has moved up to June a maintenance turnaround that had been scheduled to begin in October, market sources told Lube Report yesterday. ...

An alliance of German lubricant producers has folded a year after it was formed, due to the inability of members to agree on strategic priorities. An ...

Lubrizol Corp. announced last week that it has acquired a Spartanburg, S.C., multi-purpose chemical production facility from bankrupt Specialty Indust ...

The publisher of Lubricants World stated yesterday that recent reports of plans to fold the magazine are unfounded. Owned by Hart Publications, a subs ...

Base Oil Price Report

May 7, 2003

Mention of price cuts is finally being heard round the U.S. base oil market – and all it took was a 30 percent drop in crude oil costs. The pric ...

Shell Oil Co. andFlint Hills Resourcesannounced April 23 that they have entered a definitive agreement for Shell to sell its 50-percent stake in Excel ...

ConocoPhillips Co. and S-Oil Corp. announced Monday that they have entered an exclusive agreement for ConocoPhillips to distributethe Korean refiner&# ...

American owners of Mercedes-Benz cars were awarded a $32 million settlement this month on a complaint that their engines may have sustained early wear ...