The principal news this week is that G7 countries and the European Union have established a price cap of $60 per barrel for any purchases of Russian c ...

Base oil production in the United States continues on the path to recovery, but the import and export scene has been slightly altered by geopolitical ...

Once more, supply and demand do not match in the North American base oil market. What has caused the imbalance?

The global base oil market has been through a lot since 2020. How has it weathered the storm?

The United States’ base oil production declined 16% in September, and production for the first nine months of the year was down 4%, compared to the ...

Base oil prices remained exposed to downward price pressure as supply continued to outpace demand and crude oil values have softened. However, given t ...

Base oil markets throughout Europe, the Middle East and Africa are desperately quiet, with weak demand across the board. Until now, there have always ...

Luberef on Sunday announced plans for an initial public stock offering – which analysts estimated could raise U.S. $1 billion – and that it intend ...

South Korea exported 23% less base oil volume in October, and the declared value of the exports was down 14%, compared to the same month last year, ac ...

Clean Harbors’ Safety-Kleen segment continued its run of rising revenues with another strong quarter for the quarter ending Sept. 30, while Vertex E ...

Market participants kept an eye on transportation this week, as historically low water levels on the Mississippi River and a potential rail strike may ...

The oversupply of base oils that rapidly developed during the third quarter now appears to be gradually defusing, thanks largely to many refiners shif ...

Valvoline’s new business model – following the August announcement of the sale of its lubes unit to Saudi Aramco – kept positive momentum in sal ...

The United States’ exports of base oil experienced a 41% year-to-year plunge in August – to the lowest volume since May 2020 – while imports of ...

Unlike cryptocurrency markets, the base oils sector navigated through fairly smooth waters this week, with posted prices reported as stable despite th ...

Globally, demand for base oils and finished lubricants is largely down from previous years, even from late-year performance during the COVID-19 era. P ...

HF Sinclair’s lubricants and specialty product segment reported a $5 million loss from operations in the third quarter and Quaker Chemical’s net i ...

Plans for a rerefinery in Tampa, Florida were on the books for so long, the industry could be forgiven for considering the plan a mirage. However, Pur ...

Aimed at being the leading producer of industrial naphthenic lubricants and petroleum asphalt cement in Brazil, Grepar Participações Ltda seeks to s ...

A seasonal slowdown in demand coupled with steady production rates at most facilities have resulted in oversupply conditions in the United States, but ...