LUBE REPORT



Wednesday, July 31, 2002		VOLUME 2 ISSUE 31

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July 24, 2002
Vol. 2 Issue 30

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BP Wants Bigger Bite of U.S.
Seeing opportunity in the continuing consolidation of the lubes industry, BP Lubricants has announced a campaign to grab a bigger share of the U.S. market. Officials say the initiative will focus on increasing sales in the general industrial segment but will not involve BP’s Castrol brand. BP has begun signing up distributors that used to carry other brands, and hopes to attract more.
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P-QS, Others Post Upbeat Financials
Second quarter financial reports from the lubricants industry continued to roll out the past week. Pennzoil-Quaker State reported that earnings were up sharply from the same period of 2001. Milacron Inc. put a positive spin on lower earnings for its metalworking fluids and tools business. Sunoco reported a sharp increase in volume of base oil sales.
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Synthetics Gaining Ground in S.E. Asia
Synthetic lubricant demand in Southeast Asia will increase by 3.5 percent annually through 2008, a new study from Frost & Sullivan projects. It adds, however, that major oil companies are best-positioned to take advantage of the growth. The report estimates that the five-nation region consumed $819 million of synthetic lubes last year and that the level will rise to $1.04 billion by 2008.
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Base Oil Price Report
The U.S. base oil market may be experiencing a slow summer, but the global market has seen recent shake-ups in traditional trading patterns. Sources disagree about whether the changes are permanent or are likely to have an impact on the American market.
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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. Email: info@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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