Market Topics

Base Oil Price Report

September 25, 2002

With mark-ups announced by Citgo last week, the U.S. naphthenic base oil market wrapped up a round of price hikes that stretched out nearly a month. M ...

ExxonMobil Cements Deal

September 25, 2002

ExxonMobil Lubricants and Specialties announced last week that it has won a contract to become the sole source, worldwide supplier of lubricants and i ...

Fast Lube Slow Down

September 25, 2002

Fast lube industry growth continues to slow, and profit margins slipped in the past year, according to National Oil & Lube News. For the fifth con ...

Calumet Lubricants Co. says it will adjust operations at its Shreveport, La., base oil refinery, eliminating production of naphthenics while adding ca ...

Base Oil Price Report

September 18, 2002

If Shell Oil Co. has to sacrifice a stake in Excel Paralubes to complete its purchase of Pennzoil-Quaker State Co., observers say it wont have a probl ...

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 ...