Market Topics

Base Oil Price Report

June 11, 2003

Excel Paralubes shut down its Westlake, La., base oil refinery this week for a maintenance turnaround that is scheduled to last for 21 days. The closi ...

The U.S. quick lube industry is already known as a crowded market. Now it is swelling further with the addition of a new category of participants̵ ...

Alaska Airlines filed court documents Monday admitting liability for the January 2000 crash of its Flight 261, an accident that was caused by inadequa ...

Estech GmbH & Co. and Hatco Corp. announced last week that they have acquired ExxonMobil Oil Corp.s refrigeration lubricants business. Financial d ...

Dow Corning Corp. and Wacker Chemie GmbH announced last week that they plan to form an alliance in Asia to manufacture silicone intermediates and fume ...

Base Oil Price Report

June 4, 2003

U.S. posted prices for paraffinic base oils remained unchanged for the 13th consecutive week, and market sources say they see nothing to suggest chang ...

Total S.A. announced recently that a planned upgrade of a Normandy refinery will allow the complex to produce high quality base oils. So far, however, ...

Owners of Acrotech Industries Inc. have acquired the Lubriko and Moly-XL brand names in a going-out-of-business sale by Master Lubricants Co. Westvill ...

BP Sells Wax Business

May 28, 2003

International Group Inc. announced this month that it has purchased BPs wax business in North and Central America. Terms of the deal were not disclose ...

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 ...