Market Topics

LONDON — What kinds of engine oils will be made when Gas-to-Liquid base oils appear? And can anything be done to widen the use of Group I base s ...

Base Oil Price Report

February 19, 2003

U.S. paraffinic base oil suppliers this past week completed their first round of price hikes in nearly four months. Their margins received little bene ...

Universal Oil Inc. has expanded its coverage of Ohio by purchasing the lubricant business of a bankrupt oil products distributor. Universal, which is ...

Probex Projects on the Ropes

February 19, 2003

On the brink of bankruptcy, Probex Corp. said this month that it has failed to obtain a key financial instrument for its proposed used lubricant repro ...

In early January the Standards Division of the North Carolina Department of Agriculture and Consumer Services issued a stop sale order on Starbrite SA ...

Base Oil Price Report

February 12, 2003

Long-anticipated price hikes for paraffinics hit the U.S. base oil market this past week, as five suppliers imposed markups that generally ranged from ...

Cognis to Buy Synlube Producer

February 12, 2003

Cognis announced last week that it has agreed to acquire Degussa AGs Laporte Performance Chemicals, a manufacturer of polyalkylene glycols and other c ...

Ethyl Corp. returned to the black in 2002, while Milacron Inc.s Industrial Fluids business was generallymuted. Ethyl announced Monday that it had net ...

Announced last February, the decision to disinvest in Indias government-controlled oil majors Hindustan Petroleum Corp. and Bharat Petroleum Corp. is ...

Final Sleep for Martinez Naps

February 12, 2003

Shell Oil Products US said Thursday that it will stop producing naphthenic base oils at its Martinez, Calif., refinery Sept. 1, the second naphthenics ...

Base Oil Price Report

February 5, 2003

U.S. naphthenic suppliers have initiated their second round of price increases in a month, citing a scramble among purchasers since Shell Oil Products ...

The Lubrizol Corp. announced yesterday that earnings per share increased 20 percent in the fourth quarter of 2002 vs. the fourth quarter of 2001. Reve ...

Sunny Outlook for Synlubes

February 5, 2003

U.S. demand for synthetic lubricants and functional fluids — not including the hangdog category of antifreeze — will enjoy 7.2 percent ann ...

For the past two months, the global lubricant industry has felt the pinch of civil unrest in Venezuela. A strike that sidelined the national oil compa ...

Base Oil Price Report

January 29, 2003

Citgo lowered its posted price for bright stock by 5 cents per gallon today, completing a round of cuts for the paraffinic heavy that began two weeks ...

Valvolines operating income for the quarter ended Dec. 31 rose 36 percent from the same period a year earlier, thanks to higher sales volumes, particu ...

Shell Marine Headed Upriver

January 29, 2003

Shell Marine Products has announced plans to increase its presence in the United States, primarily by venturing inland. Officials declined to identify ...

Asia is rising and will surpass the West by the end of this century, Standard Chartered Banks chief economist for S.E. Asia, Steve Brice, told the Fue ...

Base Oil Price Report

January 22, 2003

Another week passed without price hikes in U.S. base oils, despite upslopingcrude oil costs and mixed signals on imports from South America and Asia. ...

Chinese Petroleum Corp. plans to build Taiwans second base oil refinery, though probably not for at least four years. An official with the island nati ...