Market Topics

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 ...

U.S. Sales Hang Slack

February 26, 2003

U.S. lubricant sales volumes for the third quarter of 2002 barely improved from the same period a year earlier, and remained down from several years a ...

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 ...