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In January 1963 Pennzoil purchased 76% of the Wolf's Head Oil Refining Company, [9] and by August of that year they owned 99.56% of Wolf's Head common stock. [ 10 ] In 2002 Shell Oil acquired Pennzoil-Quaker State, [ 11 ] and in 2006 Shell Oil sold Amalie Oil Company the rights to the Wolf's Head brand.
Pennzoil was the title sponsor of the Grand Prix of Houston in 2013. Pennzoil also has been the official motor oil of German-American GTLM team BMW Team Rahal Letterman Lanigan Racing since 2015 season and also American Formula One team Haas F1 Team since 2016 season.
West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX).
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A typical modern application would be Honda motor's use of 5W-20 (and in their newest vehicles, 0W-20) viscosity oil for 12,000 kilometres (7,500 mi). Engine designs are evolving to allow the use of even lower-viscosity oils without the risk of excessive metal-to-metal abrasion, principally in the cam and valve mechanism areas.