Market Topics

Base Oil Price Report

December 27, 2001

With the U.S. base oil market practically closed for the holidays, producers and consumers are turning their attention to 2002. Sources said the marke ...

Citgo Completes Cit-Con Buyout

December 27, 2001

Citgo Petroleum Corp. announced Dec. 19 that it has completed its purchase of Conocos 35 percent stake in their Cit-Con Oil Corp. joint venture. The c ...

FTC Approves Valero-UDS Merger

December 27, 2001

Valero Energy Corp. and Ultramar Diamond Shamrock announced last week that the U.S. Federal Trade Commission has approved their merger and that they p ...

In the midst of a 264,000-gallon recall of Aeroshell aviation engine oil, Equilon Lubricants LLC says contaminated fluid poses no risk to air traveler ...

Base Oil Price Report

December 19, 2001

Naphthenics have been the more stable side of the U.S. base oil market in recent months but suppliers said there are signs that price cuts could be lo ...

Rhein Chemie Goes On Block

December 19, 2001

Chemical giant Bayer AG announced plans to divest three subsidiaries, including rubber and lubricant additives manufacturer Rhein Chemie Rheinau GmbH. ...

Mega Lube Ups Indian Ante

December 19, 2001

South African lubricant manufacturer Mega Lube CC announced plans to invest 450 million rupees (US$9.4 million) to build a lubricant blending plant in ...

As the deadline to begin work on the next generation of passenger car engine oils presses ever closer, an impatient auto industry says it has approach ...

Life isnt easy for Mexicos biggest lubricants company, not even with a cushy if contested deal giving it exclusive access to the shelves of the nation ...

Base Oil Price Report

December 12, 2001

After a busy autumn, the U.S. base oil market appears to be settling in for hibernation, with suppliers downplaying the likelihood of further price mo ...

After four years of work, the U.S. Occupational Safety and Health Administration last month issued a manual recommending ways for employers to protect ...

Chevron Oronite Co. LLC has reached an agreement to supply lubricating oil additives to Russian oil giant OAO Lukoil Oil Co., a deal that marks a step ...

Last Wednesday saw the birth of the latest diesel engine oil specification, API CI-4. Equilons Ralph Cherrillo, chairman of Subcommittee B of ASTMs Co ...

Base Oil Price Report

December 5, 2001

As expected, U.S. base oil suppliers followed ExxonMobils lead during the past week, lowering prices for the second time in two months. Suppliers gene ...

ExxonMobil Names Lubes Chief

December 5, 2001

ExxonMobil Corp. on Monday named Jerry Kohlenberger president of ExxonMobil Lubricants and Petroleum Specialties Co. Effective Jan. 1 he will succeed ...

Fuchs Petrolub AG reported that its sales for the first nine months of 2001 increased 5.6 percent from last year, despite a decrease in global lubrica ...

ExxonMobil Corp. has reached an agreement to buy Indian Oil Corp.s 50-percent stake in Indo Mobil Pvt. Ltd. This isthe latestbreak-up of a lubricants ...

Syntroleum Corp. has secured all major contracts necessary for construction of its gas-to-liquids specialties plant in Western Australia. But the proj ...

Base Oil Price Report

November 28, 2001

ExxonMobil yesterday announced an across-the-board price reduction of 7 cents per gallon in base oil prices, a move expected to spur similar cuts by o ...

Indian Oil Corp. Ltd. last month launched a promotion to provide personal accident insurance to purchasers of its Servo brand motor oils. The campaign ...