GF-5 Is Down to the Wire
The next passenger car engine oil upgrade, ILSAC GF-5, is hurtling into the homestretch but there's still no guarantee that it will cross the finish line without stumbling. It all comes down to how – and how quickly – automakers respond to the GF-5 test limits proposed by their oil marketing counterparts on the ILSAC/Oil Committee.
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Wax Follows the Money
The 9.6 billion pound global wax business is complicated, competitive and changing fast, as high-value applications grow and slack wax supply continues to erode, an industry expert reported to the NPRA meeting last week.
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Kost USA to Expand Production
A healthy 2009 has driven lubricants, chemicals and coolants supplier Kost USA to plan an approximately $10 million expansion, moving most of its production into a roomier facility.
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Russia Faces Lubes Slump
LukOil’s Maxim Donde outlined gloomy prospects for the short term development of Russia’s lubricant market, citing impacts from the country’s economic recession, at last week’s fifth International Lubricants conference in Moscow.
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Lube Oil Explosion Leads to Fines
The United Kingdom’s Health and Safety Executive fined a waste oil storage company £125,000 ($207,000) over a 2007 explosion and fire, and prosecuted the company’s then director for the incident.
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U.S. Base Oil Price Report
The most recent news to hit the U.S. market was largely unexpected, with few buyers prepared to hear of price decreases. Valero alerted customers that its Nov. 2 posting hikes were no longer in effect, chopping all postings by 25 or 30 cents per gallon.
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Europe-MidEast-Africa Base Oil Price Report
It’s been a week of mixed emotions, with very different attitudes adopted by sellers and buyers in response to a market which appears to be marking time.
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SSY Base Oil Shipping Report
European markets have registered an increase in demand both locally and into Asia. U.S. Gulf is busy to Asia, but less so on other key routes. Asian markets continue to be active.
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Publisher's Note: Base Oil Prices, Your Way
Now it’s easier to track base oil prices to meet your own needs. Lube Report’s weekly U.S. posted prices, from January 2004 to the present, are available in Excel file format at www.BaseOilPrices.com.
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