Detrex Corporation, parent company of Elco Corporation, and Italmatch Chemicals Group jointly announced last Wednesday that they have entered into a definitive agreement and plan of merger pursuant to which a newly formed subsidiary of Italmatch will acquire Detrex.
The 2017 OPEC World Oil Outlook was launched recently at the OPEC Secretariat in Vienna. First published in 2007, the WOO offers a thorough review and assessment of the medium- and long-term prospects to 2040 for the global oil industry.
Castrol and the Volvo Car Group have announced they have renewed their global partnership agreement which covers engine oils, gear oils and greases in all new vehicles in Volvo’s global manufacturing facilities as well as the supply of lubricants to Volvo dealers across the globe.
Tesla Introduces Its All Electric Semi and Roadster
Last Thursday, Tesla introduced its new electric "Semi" truck which has a 500-mile range on one charge and can go from 0 to 60 mph in 5 seconds. CEO Elon Musk also introduced a new electric sports car called the Roadster, which has a range of 620 miles, and capable of going from zero to 60 mph in 1.9 seconds and topping 250 mph.
Following price increases by ExxonMobil, Chevron, Phillips 66, CITGO, Valvoline, Shell, Castrol and others, Total and Fuchs have notified U.S. customers that they will increase finished lubricant prices. Total USA announced it will increase prices up to 6 percent on most branded lubricant products effective December 11, 2017 and Fuchs Lubricants announced it plans to increase prices by 4 to 9 percent effective December 15, 2017.
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