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Warren is First Up... |
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Rather than one of the majors being the first to
increase prices in what looks like another round of
price increases, it was an independent. Warren Oil
Company reportedly announced a $0.20 a gallon
increase in the price of its finished lubricant.
This increase will reportedly go into effect on
September 15.
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ExxonMobil Kicks it up too. |
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ExxonMobil announced yesterday that it will increase
the price of Exxon and Mobil branded and unbranded
lubricants and greases by an average of 5% to 9% on
conventional and synthetic lubricants. In absolute
numbers this means many of its conventional
lubricants are up $0.52 a gallon and its synthetic
are bumped up $0.96 a gallon.
As usual, ExxonMobil attributes this price
increase to the higher cost of base oil, packaging,
and additives. As a harbinger of what might be
lurking in the shadows of its pricing group,
ExxonMobil reportedly also advised its marketers
that the impact of PC-10 on pricing is still under
review.
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Lyondell buys out CITGO's interest in LYONDELL-CITGO
Refining |
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Lyondell Chemical Company and CITGO Petroleum
Corporation announced that Lyondell would buy out
CITGO's interest in the joint venture refinery known
as LYONDELL-CITGO Refining, LP ("LCR"). As a part of
this change, effective September 1, 2006, CITGO will
no longer market Tufflo Process Oils and Pale Oils
associated with the former LCR facility in Houston,
Texas.
Marketers say they have been advised that
effective immediately, orders for Tufflo Process
Oils and Pale Oils that are expected to be shipped
on or after September 1st should be placed with
Nynas USA, Inc., Houston, Texas.
At the same time, however, marketers say they are
being told CITGO will continue to market all of the
White Oil products.
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CONOCOPHILLIPS LUBRICANTS INTRODUCES NEW DEXRON®-VI
TRANSMISSION FLUID |
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ConocoPhillips announced the introduction of a new
DEXRON®-VI automatic transmission fluid (ATF) to
comply with the specification upgrades mandated by
General Motors. The new DEXRON-VI fluid will be
available beginning in August to ConocoPhillips
Lubricants customers who purchase products under the
Conoco, Phillips 66 and 76 Lubricants brands,
according to Walt Silveira, director of automotive
products, ConocoPhillips Lubricants.
“Due to the automatic transmission fluid
specification changes being implemented by GM, the
new DEXRON- VI fluid has been designed with
significant performance enhancements in comparison
to DEXRON®-III ‘H’ fluids,” said Silveira.
GM introduced DEXRON-VI in April 2005 as the next
generation factory fill transmission fluid for 2006
model-year trucks and cars equipped with Hydra-
Matic transmissions, which place greater demands on
fluid performance because of direct contact between
the clutches. The upgraded fluid life is
significantly longer due to improvements in
oxidation stability, friction durability, shear
stability, and foam resistance over current DEXRON-III
‘H’ fluids.
“We are pleased to be at the forefront of the
industry by offering DEXRON-VI ATF well in advance
of the expiration of the DEXRON-III ‘H’ ATF
licenses. We are continually looking for
opportunities to lead the charge in product
development, meeting both industry and customers'
needs,” said Silveira.
ConocoPhillips Lubricants will continue to offer
DEXRON-III ‘H’ approved products in the marketplace
until December 31, 2006.
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Shell Bumps the Price of its Antifreeze |
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Shell announced that effective August 21st the price
for all Shell Lubricants branded and Private Label
antifreeze and heat transfer fluids will be moved up
by amounts up to 10%. Shell attributes this increase
to the higher cost of raw material (specifically
glycol) and changes in demand in both global and
domestic antifreeze markets. In response to the
current glycol market dynamics, Shell Lubricants is
making a price adjustment.
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ONLY TWO DAYS AWAY! Chevron Addresses How to Get the
Most from New API CJ-4 Diesel Engine Oil at the
Great American Trucking Show |
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Owner operators and fleet maintenance managers are
encouraged to sign up for Chevron’s free API CJ-4
seminar at this year’s Great American Trucking Show
(GATS). The presentation will take a detailed look
at the new heavy-duty diesel engine oil category and
its use with 2007 and legacy engines.
The seminar features Jim McGeehan, Chevron’s Global
Manager of Diesel Engine Oil Technology, SAE Fellow,
Chevron Fellow and Chairman of the American Society
for Testing and Materials (ASTM) Heavy Duty Engine
Oil Classification Panel, along with other Chevron
experts who will address key 2007 commercial
automotive emissions and related engine technology
questions.
Chevron is committed to providing information on
critical industry issues and is regularly asked to
share its expertise at industry events. “As the
trucking industry awaits the introduction of the new
API CJ-4 engine oil, Chevron is working to provide
the information needed to understand the full scope
of the new oil and the impact it will have on the
market,” explains McGeehan. “Seminars like this are
one way for Chevron to directly address customer and
industry concerns as we make the transition to
2007.”
Seminar Details Title: “On the Road to 2007
Low Emissions with API CJ-4” Speaker: Jim McGeehan,
Chevron’s Global Manager of Diesel Engine Oil
Technology, SAE Fellow and Chairman of the American
Society for Testing and Materials (ASTM) Heavy Duty
Engine Oil Classification Panel Date: August 24Time:
10:00 a.m. to 12:00 noon Location: Room 167 of the
Dallas Convention Center Cost: Free, but register to
guarantee a seat Show: Great American Trucking Show
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