Paraffinic Group II

Lotos Discloses Group II Capacity
A view of Lotos’ refinery in Gdansk, Poland. Photo courtesy of Lotos Group

Lotos Discloses Group II Capacity

Lube Report EMEA - January 4, 2022

Poland’s Lotos Group recently awarded an engineering, procurement and construction contract for an upgrade and expansi ...

Base Oil Report: Pricing

Base Oil Report: Pricing

Lubes'n'Greases - December 1, 2021

The Winds of Change After several months of fairly tumultuous and heated market conditions—with monthly posted pric ...

Group I Prices Diverge from Group II, III

Group I Prices Diverge from Group II, III

Lube Report EMEA - November 16, 2021

After a long, large run-up from the spring of 2020, base oil prices in Europe began retreating since summer, indicating ...

Is Bright Stock Irreplaceable?

Is Bright Stock Irreplaceable?

Lubes'n'Greases - November 1, 2021

The price for bright stock increased dramatically in early 2021, incentivizing lubricant formulators to seek immediate a ...

Additive

Sinopec Starts Dormant Group II Plant

Lube Report Asia - October 8, 2021

Sinopec has finally started up an API Group II base oil unit at its Yanshan Petrochemical refining complex, eight years ...

Base Oil Report: Trends

Base Oil Report: Trends

Lubes'n'Greases - October 4, 2021

A Time of Transition   The past 18 months have not been particularly wonderful for the active industries involve ...

Kazakhstan to Make Group II, III

Kazakhstan to Make Group II, III

Lube Report EMEA - September 21, 2021

Kazakhstan is working on several new petrochemical refining projects carrying a combined price tag of U.S. $12 billion, ...

Poland’s Lotos to Add Group II, III

Poland’s Lotos to Add Group II, III

Lube Report EMEA - August 3, 2021

Lotos Group will spend 1.4 billion Poland zloty on investment projects in 2021, one of which includes modernization of i ...

Profits Up for S-Oil, Hyundai Shell

Profits Up for S-Oil, Hyundai Shell

Lube Report Asia - July 30, 2021

South Korean refiner S-Oil’s base oil business and Hyundai Shell Base Oil both reported large increases in profits and ...

Additive

Closures Could Keep Base Oils Tight

Lube Report Asia - July 2, 2021

Although oil refineries should eventually ramp back up to normal operating levels, and while this should make more feeds ...

Additive

IOCL Plans Another Base Oil Plant

Lube Report Asia - April 16, 2021

Indian Oil Corp. Ltd. plans to build an API Group III base oil plant at its refinery in Panipat – part of a broader ex ...

United States Base Oils Bounce Back?

United States Base Oils Bounce Back?

Lubes'n'Greases - April 1, 2021

The COVID-19 pandemic wreaked havoc on the United States base oil market during 2020. It was, as industry veteran Stephe ...

Lukoil Streams Group II in Volgograd

Lukoil Streams Group II in Volgograd

Lube Report EMEA - February 2, 2021

Lukoil last week commissioned a new API Group II base oil plant at its refinery in Volgograd, Russia. The 10 billion rub ...

Turkey Gains Group II

Turkey Gains Group II

Lubes'n'Greases - February 1, 2021

Picture a refinery and you probably think of the endless industrial landscape of the Texas Gulf Coast, not the rolling h ...

Gazprom Breaks Ground on Omsk Project

Gazprom Breaks Ground on Omsk Project

Lube Report EMEA - January 26, 2021

Russian oil major Gazprom Neft started construction last week on a modernization of an obsolete base oil plant at its re ...

EU Extends Group II Import Quota

EU Extends Group II Import Quota

Lube Report EMEA - January 12, 2021

A year after its initial implementation, the European Union has extended for six more months its duty and 200,000 metric ...

Base Oil Prices Rode Rollercoaster in 2020

Base Oil Prices Rode Rollercoaster in 2020

Lube Report Americas - December 9, 2020

Base oil supply in the United States has been down throughout most of 2020 thanks to the COVID-19 pandemic, but prices h ...