Petrobras chose a concept on Dec. 22 for the base oil and fuel production units of its GasLub hub in Itaborai, Brazil, and gave the go-ahead for detai ...

API Group II base oils will continue to be used in many applications for years to come, despite the move towards vehicle electrification, Laura Pottor ...

The calendar year is winding down, but one company livened the base oil market a bit this week with an unusually late announcement of price cuts. SK L ...

Gazpromneft-Lubricants’ new 220,000 metric tons per year API Group II and III base oil plant is almost completed, with assembly works about to wrap ...

South Korean base oil exports decreased 23% in October, compared to the same month last year, while the declared value of those exports was down 14%, ...

A seasonal slowdown in demand, the release of hurricane-related product provisions, and the return to production of a number of plants following outpu ...

Shell announced that its Pennzoil-Quaker State Co. purchased a 49% interest in Blue Tide Environmental LLC, which plans to bring a Group II rerefinery ...

Market participants agreed that it was difficult to forecast product needs for upcoming months as recent trends have not been consistent with those se ...

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 ...

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

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 ...

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

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 ...

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

Supply and demand fundamentals continued to weigh on base oil pricing, as consumption levels have slipped due to seasonal patterns, while steady produ ...