Market Topics

Hydrotex Heads for Wider Spaces

September 18, 2002

Specialty lubricant blender Hydrotex Partners announced last week that it will expand by moving its manufacturing operations to a new 96,000-square-fo ...

A union of Nigerian petroleum workers launched its own motor oil recently as part of an effort to combat illegal sales of fraudulent products. The hea ...

U.S. demand for lubricant additives is expected to grow 2.3 percent per year to $1.7 billion in 2006, according to a new study by The Freedonia Group ...

Base Oil Price Report

September 11, 2002

After the formation of ConocoPhillips, company officials said its too early to say what they will do withtheir share of base oils from the Excel Paral ...

TAK Tacks On LubeTrak

September 11, 2002

E-commerce services provider The TAK Group announced yesterday that it has acquired LubeTrak, a provider of online oil analysis. The companies said Lu ...

Turkmenistans state-owned oil companies recently opened the countrys first lubricant blending plant, a facility that is expected to meet all of the na ...

India Puts Oil Sell-off on Ice

September 11, 2002

(MUMBAI, India) – On September 7, the Indian government deferred disinvestment in state oil majors Bharat Petroleum Corp. (BPC) and Hindustan Pe ...

At the request of U.S. Federal Trade Commission officials,Shell Oil Co.and Pennzoil-Quaker State Co.have agreedto divest Pennzoil-Quaker States stake ...

Base Oil Price Report

September 4, 2002

U.S. base oil suppliers this week completed a round of price hikes described by some as a cautious response to higher crude oil costs. Principal suppl ...

Fuchs Petrolub AG reported that its net income for the first half of 2002 more than doubled from the same period of 2001, due to external and internal ...

(MUMBAI, India) – Indias Disinvestment Ministry has short-listed prospective bidders and announced that the privatization of Balmer Lawrie and C ...

Yesterdays merger of Conoco Inc. and Phillips Petroleum Co. created the fourth-largest lubricants marketer in the United States. Officials called it a ...

Base Oil Price Report

August 28, 2002

ExxonMobil announced yesterday that it is raising most of its base oil postings by 5 cents per gallon, effective today. According to sources, the comp ...

Gulf Oil Indias parent company, Hinduja Group, announced last week that it has completed the merger of the lubricant business with its sister company, ...

Eight years after it was promised, the U.S. Senate has received a proposal that would afford lubricant distributors the same rights as fuel distributo ...

Base Oil Price Report

August 21, 2002

Concerns about a shortage in the United States of Group II-plus have abated in recent weeks, although demand continues to be strong. Buyers and seller ...

Pioneering Rerefinery Sold

August 21, 2002

A Western Canada waste management company has agreed to acquire the assets of Mohawk Lubricants Ltd., including the worlds first commercial rerefinery ...

First quarter lubricant sales in the United States fell 2.7 percent from the first quarter of 2001, according to the latest Quarterly Index of Lubrica ...

Truckers Fail to Sway EPA

August 21, 2002

The U.S. Environmental Protection Agency has turned aside a request by the American Trucking Associations to delay a mandate requiring cleaner diesel ...

Base Oil Price Report

August 14, 2002

“When Baytown goes down, it’s an eclipse of the sun,” says one industry observer. “Baytown is the most influential refinery in ...