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George Gill

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Profits Dip at Lanka IOC, Petronas

Lubricant supplier Lanka IOC reported a net loss while the lubricants business segment of Malaysian state-owned oil firm Petronas’ domestic marketing arm posted a decline in gross profit for the quarter ending March 31.

South Korean Exports Fell in Q1

South Korean base oil exports fell 13 percent to 1.4 million tons in the first quarter this year, down from 1.6 million tons in 2019’s first quarter, according to data released by the Korea Customs Service. The value of base oil exported in this year’s first quarter was U.S. $945.7 million.

Altivia Acquires Additive Plant

Altivia Oxide Chemicals LLC acquired KMCO and its associated chemical ethoxylation manufacturing assets in Crosby, Texas, last week out of Chapter 7 bankruptcy. Products the facility can make include lubricant additives and surfactants.

Profits Up for Thai Oil Base Oils

Stated-owned Thai Oil Group’s base oil business reported a major increase in net profit on lower sales revenue in the first quarter.

Survey Says EVs Will Spur Big Trends

Trends related to electric vehicles accounted for half of the 10 most popular answers in a global survey of tribologists and lubrication engineers about developments likely to draw the industry’s interest in coming years.

Strong Q1 for Parkland’s Lube Sales

Canada-based distributor Parkland Fuel Corp. posted a 26 percent increase in consolidated revenue for its lubricant segment for the quarter ending March 31, boosted by higher sales for its United States segment.

Covid-19 Flattens EU Car Sales

Passenger car registrations in the European Union dropped a record 76 percent in April to 270,682, compared to April last year, reflecting the first full month with Covid-19 pandemic restrictions in place, according to the European Automobile Manufacturers Association.

Profit Down for Chevron Lubricants Lanka

Chevron Lubricants Lanka Plc reported sharp declines in profit and sales for the quarter ending March 31, compared to the same period a year ago.

Japan’s Car Sales Slump in April

Registrations for sales of new passenger cars, trucks and buses fell 29 percent in April, compared to a year earlier, according to data released on May 18 by the Japan Automobile Manufacturers Association.

Supply by Spanish Association Dips

The 22 associate members of the Spanish Lubricant Association sold 348,000 metric tons of lubricants in the country in 2019, down 1.3 percent from 2018, according to the group’s statistical commission.
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