Paraffinic Group III

CNOOC Taizhou Introduces Group III
CNOOC mostly uses crude oil drilled from its field in the South China Sea to ensure itself stability in price and supply. © testing

CNOOC Taizhou Introduces Group III

Lube Report Asia - December 24, 2021

State-owned energy company China National Offshore Oil Corp. has begun producing API Group III base oils at its refinery ...

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 ...

Chevron Buys Neste Base Oil Business

Chevron Buys Neste Base Oil Business

Lube Report EMEA - October 5, 2021

Neste has agreed to sell its API Group III business to Chevron, the companies announced Monday, a deal that expands Chev ...

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

S-Oil Ties up with Motiva

Lube Report Americas - June 23, 2021

Motiva Enterprises announced last week an agreement to market, sell and distribute in the North America API Group III ba ...

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 ...

Total Pulls Plug on Gonfreville

Total Pulls Plug on Gonfreville

Lube Report EMEA - April 13, 2021

Total has decided to permanently close a base oil plant at its refinery in Gonfreville, France, as part of a project to ...

China Forecast to Continue Group III Imports

China Forecast to Continue Group III Imports

Lube Report Asia - April 9, 2021

Chinese refiners have opened several API Group III base oil plants in recent years, but for several reasons they do not ...

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 ...

PAO Springs Forward

PAO Springs Forward

Lubes'n'Greases - March 4, 2021

Polyalphaolefins are expensive, available from just a handful of producers and increasingly being replaced in automotive ...

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 ...