API Group I and II base oil availability in South America increased in 2022 due to low prices in Asia-Pacific and the United States, caused by Western ...
While Petrobras and Grepar Participacoes await the conclusion of a second regulator review of Grepar’s bid to buy the Lubnor refinery in Fortaleza, ...
Lackluster demand continued to exert pressure on base oil prices, as market uncertainties weighed on business and lubricant sales. Volatile crude oil ...
Buying activity is starting to pick up in European, Middle Eastern and African base oil markets following an extremely lean spell when purchasers were ...
South Korea exported 29% more base oil in February, and the recorded value of those shipments jumped 36%, compared to results in the same month last y ...
Base oil exports from the United States fell 6% in 2022, while imports rose by the same amount, according to U.S. Energy Information data. In December ...
Market participants seemed slightly perplexed at the fact that base oil demand has not been as strong as expected ahead of the spring lubricant produc ...
Calumet Specialty Products Partners L.P. trimmed its losses while increasing sales revenue for the quarter ending Dec. 31 and for the full year 2022. ...
The economy is a growing concern for base oil markets throughout Europe, the Middle East and Africa as the stubbornness of inflation is raising concer ...
Shell and China National Offshore Oil Co. are moving forward with plans to begin producing linear alpha olefins at their joint venture chemical refine ...
Brazil’s base oil market may have had a down year in 2022, but it’s off to a healthy start in 2023, as domestic production and imports both rose y ...
The downward posting adjustment for API Group III base oils communicated by SK Enmove last week did not trigger additional posted price adjustments ...
Clean Harbors’ Safety-Kleen Sustainability Solutions segment and rerefiner Heritage-Crystal Clean’s oil business segment both reported higher sale ...
Lubricant blenders throughout Europe, the Middle East and Africa are making smaller base oil purchases than is normal for this time of year, continuin ...
Shell announced it acquired a 49% stake in Blue Tide Environmental, a rerefiner with a gleaming new rerefinery and collection network.
Are falling base oil prices and the beginning of the spring season ushering in an uptick of activity in the base oil market?
The Latin American base oil market is going through a challenging time as its top economies – Brazil and Mexico – underperform and domestic base o ...
SK Enmove – formerly SK Lubricants Americas – communicated a posted price decrease for its API Group III base oils this week, with softer crude oi ...
Crude oil prices are falling again, even though demand is forecast to rise as China emerges from last year’s COVID-19 crisis. This spike in demand i ...
Global base oil markets face a number of challenges – from supply chain disruptions to inflation and geopolitical events – but the factor making t ...
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