ILMA: 2 of 19 Oils Flunk
ILMA has completed the first round of testing of its members’ passenger car motor oils, and found that two of 19 random samples failed to meet performance claims. The association’s Ethics Committee is investigating the cases.
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Total, Cepsa Partner in Portugal
France's Total and Compañía Española de Petróleos, S.A. (Cepsa) will merge their petroleum product marketing operations in Portugal to create a new operator managed by Cepsa. The new company, which will have co-branded service stations, will sell Cepsa, Total and Elf brands of lubricants and other
petroleum products.
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WD-40 Sales, Profit Slip in Q2
WD-40 Co. reported that its net sales for the second quarter, ending Feb. 29, totaled $78.9 million, down 0.5 percent from 2007’s second quarter, while net income declined 3.1 percent, to $8.7 million, compared to the year-earlier period.
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Pa. Helps Blender Upgrade
Junell Corp. – doing business as Advanced Lubrication
Specialties – recently received a $397,660 state grant for track rehabilitation and construction of an oil/water separation system and loading pad at its blending facility along Conrail Shared Assets’ Morrisville rail line in Pennsylvania.
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Grindrod Acquires All of Cockett
Grindrod Ltd. has acquired the remaining 50 percent of Cockett Marine Oil that it did not yet own. Grindrod's trading division has traded in marine fuel and lubricants through Cockett Marine Oil since it first acquired a 50 percent share in the Kent, U.K.-based business in 2005.
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Haycock Buys Bowen
Haycock Petroleum Co. has purchased lubricants marketer Bowen Petroleum Inc. and an affiliated company, Bowen Trucking. Terms of the transaction were not disclosed.
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U.S. Base Oil Price Report
ConocoPhillips confirmed during the past week that it pushed up its posted prices by 10 to 20 cents per gallon for its Group II neutrals. The company also said that the Group III products, which it markets on behalf of S-Oil Corp., moved up by 15 cents per gallon. The ConocoPhillips action completed the most recent round of U.S. paraffinic price hikes that began in mid-March.
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