Partly Sunny with a Chance of Doom
Some U.S. API Group I refineries are here to stay, but when a catastrophe happens – when you face unexpected capital needs – you shut it down, Valero’s Terry Hoffman told the ICIS Pan-American Conference last week.
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Univar to Handle Shell’s Nordic Lubes
Univar has signed a long-term distribution agreement with Shell Group affiliates in Denmark, Finland, Norway and Sweden to market, sell and distribute Shell branded lubricants in those four countries. About 110 Shell employees are expected to transfer to Univar.
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Consumers Go High, Low on Motor Oils
With fewer consumers buying new vehicles and more keeping their vehicles on the road longer, motor oil marketers can best succeed by differentiating their products – either by low price or value-added attributes, an NPD analyst said.
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Recession Hits Russian Lubes Market
Lubricant output volumes in Russia have declined even more steeply this year, fueled by the recession and a drop in demand, a Russian research center said.
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Total Continues March Across Canada
Total Lubricants Canada has acquired Ultramar’s lubricants business, and Total branded lubricants will be sold throughout the Ultramar network through a partnership announced Monday.
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MWF Mist Exposure Leads to Fines
The United Kingdom’s Health and Safety Executive fined a bearings manufacturer £20,000 ($33,000) for exposing its workers to metalworking fluid mist over six months in 2007-2008.
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U.S. Base Oil Price Report
Although U.S. base oils business is viewed as largely stable this week, players concur that the winter lull appears to be taking hold as the year draws to an end.
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Europe-MidEast-Africa Base Oil Price Report
It’s been a week of quiet resignation in the EMEA base oil market for both producers and potential buyers, with both sides apparently looking forward to January, rather than trying to finalise any last minute sales for 2009.
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SSY Base Oil Shipping Report
European markets are performing well, with good levels of demand seen. U.S. contractual demand is solid, whereas spot requirements are less evident. Asia is busy in all segments.
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