ExMo Eyes Energy’s Future
ExxonMobil forecasts global energy demand in 2030 will be 35 percent greater than in 2005, with oil remaining the largest energy source. Hybrid and other advanced vehicles will make up 15 percent of all personal vehicles, up from 1 percent today, ExxonMobil told the STLE annual meeting.
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PQS Puts Car Care on the Block
Shell’s Pennzoil-Quaker State Co. is exploring the sale of its Car Care portfolio, including wipers, chemicals and appearance products, and is already in advanced discussions to sell its auto accessories and air care business.
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New GM at Chevron Base Oils
Chevron Downstream and Chemicals named Patricia Sinkin Leigh general manager of Chevron global base oils effective May 16, succeeding Marty Gilles.
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Suzuki and BG: Strange Bedfellows?
American Suzuki Motor Corp. and aftermarket additive supplier BG Products have inked an agreement under which BG will have “exclusive vendor” status to supply American Suzuki dealers with fluid products, related equipment and training.
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Shell Aviation Picks China Distributor
Shell Aviation has appointed China Aviation Oil Hong Kong Ltd. as an authorized, exclusive distributor of AeroShell aviation lubricant products in China.
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Briefly Noted
Huntsman will nearly double capacity at its Singapore polyetheramine facility by the end of 2010’s third quarter … EPPCO Lubricants signed a five-year agreement to supply lubes to Ilyas and Mustafa Galadari Group, which services a fleet of 1,400 vehicles in the United Arab Emirates… Lubrizol Advanced Materials will invest $40 million to expand its Calvert City, Ky., Carbopol polymers plant.
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U.S. Base Oil Price Report
After last week’s flurry of activity, the U.S. base oil market is catching its breath this week, but with crude under $70, some are also scratching their heads.
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Europe-MidEast-Africa Base Oil Price Report
With underlying fundamentals in the spotlight, the EMEA base oil market is divided between sellers, who believe prices may still have some way to move upwards, and buyers, who signal that they are not prepared to accept any further increases.
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SSY Base Oil Shipping Report
Overall, it has been a quiet week. Very little is happening out of the Americas. Europe too is floundering with more and more ships open with few firm prospects. Only Asia has fared well in terms of activity this week.
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