Market Topics

A French-American joint venture to build a synthetic esters plant in Spartanburg, South Carolina, has stalled due to the bankruptcy of the U.S. partne ...

Probex Announces European J.V.

December 31, 2002

Would-be used oil reprocessor Probex announced last week that it has entered a joint venture agreement to build a 120,000 metric-ton-per-year plant in ...

Base Oil Price Report

December 24, 2002

Citgo Petroleum Corp. said its Cit-Con base oil refinery continues to operate normally despite disruption of crude oil supplies from strike-hampered p ...

O’Brien Take Tops $3 Million

December 24, 2002

James J. OBriens paychecks have gotten bigger since he gained some responsibilities other than Valvoline. OBrien – who earlier this year was nam ...

Shell Oil Products US announced Thursday that it will close its Deer Park, Texas, base oil refinery – a move expected to tighten the U.S. base o ...

Base Oil Price Report

December 18, 2002

Petroleos de Venezuela S.A. planned by today to shut down its base oil refinery in Curacao, Netherlands Antilles, due to a 17-day strike that has hams ...

Synthetic lubricant producer Ultrachem Inc. has announced an expansion that will double the size of its New Castle, Del., operation next year. The com ...

ExxonMobil Lubricants and Specialties Co. announced Monday that it has installed a newly developed grease making process to double the capacity of its ...

Dover Buys Mayco From BP

December 18, 2002

Dover Chemical announced last week that it has purchased sulfurized additive producer Mayco from BPs Castrol Industrial North America. Terms of the de ...

Base Oil Price Report

December 11, 2002

The U.S. base oil market remained calm this week, with no changes in price postings by principal suppliers. Crude oil costs rose over the past week, w ...

Bayer AG announced last week that it has failed to complete the sale of subsidiary Rhein Chemie Rheinau GmbH to investment firm Advent International C ...

S-Oil Corp. has begun producing Group III base oils at its Onsan, Korea, refinery after completing an expansion that more than doubled its capacity to ...

WASHINGTON, D.C. – The National Transportation Safety Board concluded yesterday that inadequate lubrication of a horizontal stabilizer component ...

Base Oil Price Report

December 4, 2002

With demand and costs down simultaneously, this might seem like a logical time for cuts in U.S. base oil prices. Market sources advise, however, that ...

Lubricant packaging innovations may be few and far between, but Shell Oil Co. believes it has one for its Pennzoil brand: handles designed to ease the ...

Fuchs Petrolub AG reported last week that its net income for the first three quarters of 2002 increased 153 percent over the same period of 2001, driv ...

Fresh from upgrading two of its base oil refineries, Russian petroleum giant Lukoil has adopted a 6 billion ruble (U.S. $188 million) plan to grow its ...

Base Oil Price Report

November 27, 2002

With their market quiet in Decembers shadow, U.S. base oil suppliers are preparing for the industrys normal winter lull. Some marketers, however,are c ...

ExxonMobil Lubricants and Specialties announced recently that it is broadening its support for the National Association of Stock Car Auto Racing, with ...

Kmarts blue-light specials may be popular with shoppers, but a recent sale apparently did not sit well with one of its motor oil suppliers. Shell Oil ...