Market Topics

Base Oil Price Report

November 6, 2002

With crude oil prices falling approximately $4 per barrel in recent weeks, U.S. base oil purchasers might wonder if the base oil market is ripening fo ...

ExxonMobil announced last week that it plans to close its only German lubricant plant during the second half of next year. The plant is located in the ...

The third quarter brought upbeat news for both Ethyl Corp. and Quaker Chemical Corp. Downsized Ethyl reported net income of $12.3 million, up from jus ...

Hoping to distinguish its Havoline from that sold by Shell, ChevronTexaco last week unveiled an enhanced version of its flagship motor oil. ChevronTex ...

NSF, the group that reviews, registers and lists food-grade lubricants, announced last week that it will sunset the U.S. Dept. of Agricultures old lis ...

Base Oil Price Report

October 30, 2002

Group III supplier Lithcon raised its postings this week,while Citgohas not joined the latestround of U.S. base oil price increases that began Oct. 21 ...

Lubrizol Earnings Jump 60%

October 30, 2002

Lubrizol Corp. said last week that its third quarter earnings jumped 60 percent from the same period a year earlier, thanks to increased sales and the ...

(SAN DIEGO, Calif.–) Truckers are challenging the grease industry to extend lubrication intervals and to better protect their fleets. Truckers s ...

GF-4 Becalmed as Talks Stall

October 30, 2002

The wind appears to have gone out of the sails of GF-4, the proposed new gasoline engine oil scheduled for introduction into commercial service in spr ...

Moving quickly to consolidate after its acquisition of Pennzoil-Quaker State Co., Shell Oil Products US said last week that it will sell or close seve ...

Base Oil Price Report

October 23, 2002

ExxonMobil raised posted prices Monday, triggering the first round of base oil price hikes in the United States in seven weeks. The markups had been m ...

Probex Corp. announced last week that it has widened the search for financing options for a $130 million used oil reprocessing plant it plans to build ...

Automotive refrigerant sales – or rather, the lack thereof – were all that kept Valvoline from heating up in 2002. Parent company Ashland ...

After a five-year hiatus, ExxonMobil is resuming production of Group III base oils at its refinery in Fawley, U.K. The company said it made the decisi ...

Base Oil Price Report

October 16, 2002

The likelihood of price increases for U.S. base oils appears to be growing, according to both sellers and buyers. Industry sources say buoyant crude o ...

Shunning the lure of streamlining, ConocoPhillips says it has decided to maintain all four of its lubricants brands. Officials acknowledge that the de ...

Base Oil Price Report

October 9, 2002

U.S. base oil suppliers temporarily closed several Gulf Coast refineries in the face of Hurricane Lili last week, tightening supplies in the process. ...

Haas Corp. announced Monday that it has acquired the Total Chemical Management business of Radian International LLC to form the worlds largest indepen ...

Bayer AG announced Friday that it has agreed to sell specialty chemical maker Rhein Chemie Rheinau GmbH to a Boston investment firm for Euro 215 milli ...

The project that was in line to become the worlds first commercial supplier of gas-to-liquids base stocks has left the queue. Syntroleum Corp. says it ...