Castrol Loses Appeal on Sludge Claims
BP Lubricants agreed to withdraw its challenged advertising
for Castrol GTX motor oil after a National Advertising Review Board panel
recommended it discontinue a variety of sludge protection superiority claims in
all media.
[FULL STORY]
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Etro Cracks China
Petronas Base Oil yesterday concluded its second significant
sale this month of Etro-branded API Group III base oils to a major Chinese oil
company. “That’s 11,000 tons in three weeks, at agreeable prices,” a Petronas
official said in Kuala Lumpur, Malaysia.
[FULL STORY]
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Neste, Partners Make JV Official
Neste Oil, Bapco, and Oil and Gas Holding Co. last week
reached a milestone in their base oil project in Bahrain with the formal
establishment of their joint venture, called Bahrain Lube Base Oil Co
[FULL STORY]
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Huntsman, Laffans Collaborate in India
Huntsman Corp. and Laffans Petrochemicals Ltd. will collaborate to share know-how,
expertise and resources for specialty chemicals in India, including surfactants and
amines.
[FULL STORY]
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Prista Acquires Lubes, Waxes Producer
Bulgarian lubricant marketer Prista Oil has reached an
agreement to buy 92 percent of Hungarian petroleum specialty manufacturer
Bogdany Petrol Ltd. Prista said it plans to double the size of Bogdany Petrol’s
operations and to use it as a vehicle for increased lubes sales in Hungary.
[FULL STORY]
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Briefly Noted
Ciba Holding’s shareholders yesterday approved its merger with Ludwigshafen, Germany-based BASF … Safety-Kleen signed Nashville, Tenn.-based Parman Lubricants to market EcoPower rerefined motor oil in Nashville, Chattanooga, Memphis and surrounding areas … Total Lubricants Middle East has appointed AW Rostamani Trading distributor of Elf lubricants in Dubai and across the Northern Emirates … TruSouth Oil of Shreveport, La., will bottle and package biodegradable oils and lubricants for Ronn Motor of Austin, Texas.
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U.S. Base Oil Price Report
Despite U.S. base oil activity being fairly sluggish this week, there was fresh news of price changes. Holly said it increased several API Group I grades by 10 to 20 cents per gallon, as well as adding a new posting. Calumet rolled out its plan to drop its bright stock price by 50 cents per gallon.
[FULL STORY]
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Europe-MidEast-Africa Base Oil Price Report
The oil markets are again in turmoil after the World
Bank announced doubts as to economic stability throughout the world. The energy
companies and oil prices have responded by turning sharply downwards, even with
the continued political problems in Iran, and the oil installation attacks in
Nigeria.
[FULL STORY]
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SSY Base Oil Shipping Report
It has been a much quieter week on all fronts. Most European routes have been slower. While in the United States there has not been much spot market activity, although most routes are seeing heavy contractual volumes. Asia has been busier, with the mountain of open tonnage gradually becoming smaller, although it will be a long time before it is back in balance.
[FULL STORY]
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Publisher's Note: '09 Base Oil Guide Is Here
LNG’s completely updated 2009 Guide to Global Base Oil Refining, a colorful wall chart listing the world’s key mineral base oil plants, has been mailed to all subscribers to the print edition of Lubes’n’Greases magazine. Click here for information on ordering copies.
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