Market Topics

Shareholders of Chevron Corp. and Texaco Inc. voted Tuesday to approve the merger of their companies, a $39.5 billion deal that creates the worlds fif ...

For the first time in a decade and a half, Gulf lubricants are returning to most of the United States, thanks to a new campaign that is heavy on e-com ...

In a move that was widely anticipated, Shell Oil Co. and Saudi Refining Inc. announced yesterday that they will purchase Texaco Inc.s shares in the tw ...

Base Oil Price Report

October 3, 2001

U.S. base oil suppliers continued to maintain their posted prices while waiting and watching for signs of where crude oil prices will settle. Crude pr ...

Petro-Canada announced last week that it had settled a six-month strike by 475 Toronto-area employees, including most production workers at its Missis ...

Plant managers responding to a recent U.S. lubricant industry salary survey earned an average of $67,428, nearly $10,000 less than those responding to ...

Shell Chemical Buys Yabucoa

October 3, 2001

Sunoco Inc. announced Thursday that it has agreed to sell its mothballed Yabucoa, Puerto Rico, base oil refinery to Shell Chemical. The deal apparentl ...

The tumult and trials that the international lubricants market has faced for the past decade should continue for the foreseeable future, according to ...

Base Oil Price Report

September 26, 2001

As crude oil prices sagged and uncertainty about the U.S. economy persisted, the outlook for base oil prices became more cloudy. Crude prices, which j ...

Would-be used oil processor Probex announced that it has received $4.1 million in interim financing and remains confident of its ability to obtain app ...

A Sept. 22 fire at Citgo’s refinery in Lake Charles, La., has hampered production of base oil at the adjacent Cit-Con facility. The blaze began ...

GF-3 Wobbly Out of the Gate

September 26, 2001

If lubricant producers hoped for more comfortable margins for the newest generation of passenger car motor oils, they may be disappointed by early ind ...

Phillips Petroleum Co. announced that it has completed its purchase of Tosco Corp. after receiving regulatory clearance from the U.S. Federal Trade Co ...

$2.4 Billion Buys Cognis

September 19, 2001

Bio-synthetic chemical producer Cognis has been purchased by two investment firms which plan to keep its business model and steer the company toward a ...

Industry Meetings Cancelled

September 19, 2001

At least two lubricants industry conferences have been called off in the wake of Sept. 11 terrorist attacks in New York and Washington, D.C. Noria Cor ...

Base Oil Price Report

September 12, 2001

By Tim Sullivan U.S. base oil producers reported no price changes in the wake of terrorist attacks in New York and Washington, D.C. Tuesday. One marke ...

The World Tribology Congress will cross the Atlantic in 2005, as the International Tribology Council has voted to hold the meetings third edition in W ...

Results of a U.S. lubricant industry salary survey paint a typical sales and marketing professional as a 46-year-old 16-year veteran who earns approxi ...

Chevron and Texaco have cleared the major regulatory hurdle to their $34.4 billion merger and have now committed Texaco to divesting its interests in ...

Contrary to some media reports, base oil refiners said operations at facilities along the Gulf of Mexico were not altered in the wake of Tuesdays terr ...