Luberef, a base oil joint venture of Saudi Aramco, is considering an initial public stock offering that would aim to raise more than $1 billion, Bloom ...

More than 500 members of the United Steelworkers union went on strike Monday at Chevron’s refinery in Richmond, California, which has an API Group I ...

Group II is the workhorse grade in the lubricants industry right now, but how firm is its position in the world of heavy-duty lubes?

British energy giant Shell is considering building an API Group II base oil unit at its refinery on Singapore’s Pulau Bukom island, apparently at le ...

The COVID-19 pandemic led to sharp changes in base oil pricing and margins. Will the market settle into a new post-pandemic norm, and what might that ...

Poland’s Lotos Group recently awarded an engineering, procurement and construction contract for an upgrade and expansion of its base oil plant in Gd ...

The Winds of Change After several months of fairly tumultuous and heated market conditions—with monthly posted price adjustments and product shor ...

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

The price for bright stock increased dramatically in early 2021, incentivizing lubricant formulators to seek immediate alternatives and consider those ...

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

A Time of Transition   The past 18 months have not been particularly wonderful for the active industries involved in keeping global economies ...

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

Lotos Group will spend 1.4 billion Poland zloty on investment projects in 2021, one of which includes modernization of its base oil plant in Gdansk, P ...

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

Although oil refineries should eventually ramp back up to normal operating levels, and while this should make more feedstocks available for base oil p ...

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

The COVID-19 pandemic wreaked havoc on the United States base oil market during 2020. It was, as industry veteran Stephen Ames called it, the “year ...

Lukoil last week commissioned a new API Group II base oil plant at its refinery in Volgograd, Russia. The 10 billion ruble (U.S. $132 million) investm ...

Picture a refinery and you probably think of the endless industrial landscape of the Texas Gulf Coast, not the rolling hills and pine forests of Anato ...

Russian oil major Gazprom Neft started construction last week on a modernization of an obsolete base oil plant at its refinery in Omsk, Western Siberi ...