Market Topics

Shell Oil Products US has winnowed to three the field of potential buyers of its stake in the Excel Paralubes base oil business, according to sources ...

Citing national security concerns in Indias core hydrocarbon sector, workmen unions of Hindustan Petroleum Corp. and Bharat Petroleum Corp. embarked o ...

Metal treatment services provider Curtiss-Wright Corp. has bought the leading U.S. provider of solid film lubricant coatings, E/M Engineered Coatings ...

Base Oil Price Report

April 2, 2003

U.S. supply of Group II-plus base oils has been tight for some time now, but market observers say it has tightened even further in recent weeks. Some ...

Independent lubricant manufacturer Warren Oil Co. has bought two blending and packaging plants from Shell Oil Products US. The plants are located in J ...

In a move expected to tighten supply of feedstock for polyalphaolefins, BP recently idled its linear alphaolefin plant in Pasadena, Texas. BP said it ...

Pitt Penn Oil Co. emerged from nearly 21 months of bankruptcy Monday with new ownership based in Cleveland, Ohio. The Creighton, Pa., blender of autom ...

Base Oil Price Report

March 26, 2003

Crude oil prices dropped further over the past week, butthe threat of protracted warin Iraq raised concerns that the recent reprieve could be short-li ...

Alaska Airlines parent company disclosed last week that federal prosecutors have reactivated a criminal investigation of maintenance performed on an M ...

ExxonMobil has loosened the reins on its ester-based jet turbine oils business following the expiration of restrictions imposed when Exxon Corp. merge ...

Calumet Lubricants Co. announced last week that it has purchased ExxonMobils Orchex agricultural spray oils business. The transaction covers three lin ...

Base Oil Price Report

March 19, 2003

Crude oil prices plunged this week, greatly relieving cost pressure on base oil refiners. But base oil purchasers shouldnt expect suppliers to pass on ...

Base Oil Price Report

March 12, 2003

Naphthenic base oil prices continue to rise, with sky-high crude costs receiving the blame. Calumet Lubricants Co. announced an across-the-board marku ...

The owners of Nor-Lakes Services Midwest Inc. have formed a new company, NL Grease LLC, that has agreed to buy bankrupt Farmland Industries Inc.s Kans ...

Petroleos de Venezuela S.A. plans this week to resume production at the Refineria Isla naphthenic base oil refinery on Curacao, according to PdVSAs jo ...

Base Oil Price Report

March 5, 2003

U.S. base oil prices continued their upward trend the past week, as most major paraffinic suppliers joined a round of markups started by ExxonMobil Fe ...

LONDON — With 32 million people and a large, modern vehicle fleet, the oil-rich Arab Gulf countries of Saudi Arabia, Kuwait, United Arab Emirate ...

LONDON — “Naphthenic base oils have seen more change in the past three months — and even more in the past three weeks — than I ...

Base Oil Price Report

February 26, 2003

ExxonMobil yesterday announced price hikes for its paraffinic base oil postings, just a week after U.S. suppliers completed the most recent round of m ...

Benz Oil Acquires Nocco

February 26, 2003

Benz Oil, of Milwaukee, Wis., announced recently that it has acquired metalworking fluid blender Nocco Oil Products Inc. The deal expands product offe ...