 |
|
 |
|
ExMo
Drops
Price on
Lubes |
|
ExxonMobil
advised
its
marketers
that
effective
February
17, 2009
its
branded
and
unbranded
lubricant
and
grease
prices
will
decrease
by up to
10%.
According
to
several
markets
JobbersWorld
spoke
with,
this
decrease
equates
to $0.52
to $0.68
a gallon
for
lubricants
and
about
$0.07 a
pound
for
greases,
depending
on a
number
of
factors.
In
addition
to the
type of
lubricants
or
grease,
they say
another
important
factor
to
consider
in the
price
decrease
is if
the
product
comes
with or
without
options.
Options
speak to
value
add
programs
and
services
packaged
with the
product
purchase.
|
|
Chevron
Announces
a Price
Decrease |
|
Chevron
announced
today
that it
will
decrease
marketer's
prices
for
lubricants
by up to
9%
effective
March 2,
2009.
|
|
Castrol
Advises
About a
Price
Decrease |
|
Although
some
marketers
say they
are
still
waiting
for the
letter,
others
tell
JobbersWorld
the have
been
advised
that
Castrol
(Automotive,
not
industrial)
have
advised
them of
a price
decrease
of 60
cents on
bulk and
70 cents
on
packaged
lubricants.
|
|
Ouch!
Shell
Gets Bad
Grades
from
Marketers |
|
Preliminary
insights
and
information
developed
for
Petroleum
Trends
Intl.'s
multiclient
study
titled:
Lubricant
Supplier-
Distributor
Relations,
2008,
indicate
Shell's
lubricants
group in
the US
comes up
way
short in
a number
of areas
its
marketers
consider
important
when
doing
business
with
majors.
In fact,
a
significant
number
say
Shell is
the most
challenging
major in
the
market
to do
business
with.
Some
of the
areas
where
Shell is
said to
be
noticeable
lacking
include;
delivering
orders
on time
and as
ordered,
complaint
resolution,
continuity
of
contact,
policies
(too
fluid),
and that
they
continue
to
compete
with
their
marketers.
And when
it comes
to
providing
answers
to
pressing
questions,
marketers
often
say
Shell is
at the
back of
the
pack.
Although
marketers
say,
they are
told
these
issues
are part
of the
growing
pains
associated
with
Shell's
move to
a Global
SAP
system (GSAP),
in the
views of
many
Shell
marketers,
that
story is
getting
old. In
addition,
they
ask,
"How
many
times
will
Shell
reorganize
before
improvements
are
seen?"
But, to
end on a
positive
note,
Shell
marketers
and
others
in the
business
say they
are
encouraged,
if not
intrigued,
by
Shell's
new "Man
in a Van"
program.
According
to
marketers,
Shell
piloted
the
program
about a
year ago
and is
now
aggressively
working
with its
marketers
to share
the cost
of
putting
branded
vans on
the
street
to
promote
and
distribute
Shell
automotive
chemicals
(flushes,
fuel
injection
cleaners)
and hard
parts.
LUBRICANT
SUPPLIER-DISTRIBUTOR
RELATIONS,
2008 is
Petroleum
Trends
International's
second
comprehensive
analysis
of the
perceptions
that the
lubricant
market
have
about
the
major
suppliers
of
lubricants
in the
U.S.
market.
For more
information
about
this
study,
contact
Petroleum
Trends
Intl. at
info@petroleumtrends.com
|
|
CITGO
Makes
Some
Cuts and
Some
Moves |
|
The
following
is
pulled
from a
Citgo
Press
release
on Feb
11,
2009.
"As part
of an
effort
to
respond
and
adapt to
the
unprecedented
economic
crisis
currently
facing
the
United
States,
CITGO
Petroleum
Corporation
has
undertaken
a
restructuring
process
which
will
have a
minimal
impact
on the
company's
payroll.
Of the
3,762
employees
currently
working
at CITGO,
less
than 2
percent
have
been
impacted
by this
restructuring
process,
which
has been
implemented
in order
to
optimize
organizational
performance.
The few
impacted
employees
are
being
offered
special
separation
packages.
CITGO
hereby
categorically
denies
some
news
reports
of
alleged
massive
employee
layoffs
in the
company."
Although
JobbersWorld
is not
the pub
who
reported
on any
"massive
employee
layoffs
in the
company"
we are
well
aware
that
something
significant
has
taken
place
within
the
CITGO
lubricants
organization.
First,
there
can be
no
denying
by CITGO
that a
number
of
professional
in its
US
lubricants
group
have
been
given
pink
slips.
The only
question
is how
many?
Secondly,
it's
clear
from
what a
number
of
marketers
have
been
told
across
the
country,
that
CITGO is
in the
process
of
reorganizing
its
lubricants
group.
Some
have
been
told the
reorganization
will
result
in an
East and
West
Coast
Division.
Although
these
changes
are
certainly
very
painful
for
those
that got
the
boot, a
number
of
marketers
express
optimism
that
CITGO is
doing
what it
has to
in order
to grow
its
business
in these
challenging
economic
times.
Some go
even
further
by
saying
CITGO is
now
going
back to
its
roots,
roots
that at
one time
made it
the most
marketer
friendly
major in
the
business.
|
|
Maxum
Petroleum
Closes
on $300
Million
Investment
from
Metalmark
Capital
and Waud
Capital
Partners |
|
Maxum
Petroleum,
Inc., a
leading
energy
logistics
company,
announced
that it
has
completed
the
previously
announced
$300
million
equity
investment
from
leading
private
equity
firms
Metalmark
Capital
and Waud
Capital
Partners.
Going
forward,
Metalmark
Capital
and Waud
Capital
Partners
will
represent
a
majority
of the
board.
Original
investors,
Northwest
Capital
Appreciation
and RBC
Capital
Partners
will
retain
minority
equity
interests
in Maxum
Petroleum.
In
conjunction
with the
closing
of the
$300
million
equity
investment,
Maxum
Petroleum
also
entered
into a
new and
expanded
credit
facility
with its
lenders,
including
PNC
Bank,
N.A.,
JPMorgan
Chase
Bank,
N.A.,
Bank of
America,
N.A. and
Wells
Fargo
Foothill,
LLC.
Maxum
Petroleum,
Inc.,
based in
Old
Greenwich,
CT, is a
leading
independent
energy
logistics
company
that
markets
and
distributes
a
comprehensive
offering
of
refined
petroleum
products
and
services
to
commercial
and
industrial
customers.
Maxum
Petroleum
is
continuing
a
strategic
growth
and
acquisition
plan in
the
fragmented
commercial
fuel and
lubricant
distribution
industry,
launched
in 2004
with the
acquisition
of
Simons
Petroleum.
To date,
Maxum
has
completed
11
acquisitions
of fuel
and
lubricant
marketers
and
facilities,
including
Simons
Petroleum,
Trevco,
Hartney,
Pecos
(including
its
General
Petroleum
and
Rainier
Petroleum
subsidiaries),
Canyon
State
Oil,
Petroleum
Products
and
Paulson
Oil.
|
|
Contact
Us With
Your
News |
|
JobbersWorld
is all
about
issues
impacting
lubricant
distributors.
You are
our
primary
audience
and you
are the
ones we
need to
hear
from.
What's
on your
mind?
What
issues
would
you like
to see
us
tackle?
And what
news
would
you like
others
to know
about?
-
News
-
Mergers
and
acquisitions
-
Promotions
-
New
products
-
Classified
We
reach
out to
nearly
10,000
participants
in the
lubricant
distribution
supply
chain
once or
twice a
week
(depending
on
what's
NEWS)
and we
tell it
like it
is.
Please
contact
us via
e-mail
at
tom_glenn@jobbersworld.com,
or
direct
at
732-494-0405.
Thank
you
|
|
|
|
|
 |
 |
 |
Copyright
© 2009 Petroleum Trends International,
Inc. All rights reserved |