LUBE REPORT



Wednesday, March 27, 2002		VOLUME 2 ISSUE 13

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ISSUE ARCHIVE

March 20, 2002
Vol. 2 Issue 12

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Shell to Buy Pennzoil-Quaker State
With its proposed purchase of Pennzoil-Quaker State Co., the Royal Dutch/Shell Group would be neck and neck with ExxonMobil for the title of world’s biggest lubricant company. But some 1,200 people will lose their jobs in the process. Shell plans to pare 15 percent of the companies' combined lubricants staffs.
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API Snuffs Out GF-2
The American Petroleum Institute will stop licensing GF-2 motor oils at the end of this month, effectively forcing nearly all marketers who have not done so to switch to GF-3 formulations. Independents say they need API's starburst symbol but that they don't expect better margins with the upgraded category.
[Click here to view FULL STORY]

Drum Prices Barreling Upwards
U.S. lubricant suppliers will be paying more for one of their favorite containers, thanks to trade sanctions imposed to protect domestic steel makers. In the past few weeks, steel drum makers have announced price increases of 8 to 10 percent, and they expect further increases to come.
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Base Oil Price Report
The Royal Dutch/Shell Group’s announcement that it has agreed to buy Pennzoil-Quaker State Co. raises prospects that the energy giant will bolster its number two position in the U.S. paraffinic base oil market.
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Clarification
We reported last week that both API SJ and SL are valid engine oil categories and can be displayed in the "donut." True, but only one at a time, please.

Copyright © 2002 LNG Publishing Co., Inc. All rights reserved.
Tim Sullivan, Editor. Lube Report, Lubes'n'Greases Magazine and Lubricants Industry Sourcebook are published by LNG Publishing Co., Inc., 6105-G Arlington Blvd., Falls Church, Virginia 22044 USA. Phone: (703) 536-0800. Fax: (703) 536-0803. Website: www.LNGpublishing.com. For sponsor information contact Gloria Steinberg Briskin at (800) 474-8654 or (703) 536-7676 or gloria@LNGpublishing.com.

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