Chevron and Petro-Canada have announced price increases effective September 8, 2008 and August 25, 2008, respectively. Further our report in our last I&C Lube News, ExxonMobil's announcement that it will increase prices effective September 1, 2008, such increases will be up to 18%.

Nucor Corp. has announced that its David J. Joseph Co. unit, the country's largest scrap metal company, agreed to buy the American Compressed Steel operations of Secondary Resources Inc. and also announced completion of the the acquisition of Victoria Recycling. News of the acquisitions comes only days after Nucor said it will install a $110 million plate-heat-treating facility at its plate mill in Hertford County, N.C.

Soaring crude oil prices led to record revenue quarters for ExxonMobil, ConocoPhillips, BP, Royal Dutch Shell, and Total. ExxonMobil logged the largest ever quarterly operating profit for a U.S. company. Altogether, the profits of the six companies jumped more than 40 percent in the second quarter to $51.5 billion, the first time big Western oil companies have ever reached that level.

The Synthetic Small Gasoline Engine Oils Cross Reference Chart is the 20th of a 21-chart series of the Third Edition of our Synthetic Lubricant Cross Reference Chart Series. This 21-set series consists of over 7,400 (fully) synthetic lubricants marketed by over 500 worldwide lube manufacturing & marketing companies and OEMs.