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

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 ...

Neste has agreed to sell its API Group III business to Chevron, the companies announced Monday, a deal that expands Chevron’s presence in the growin ...

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 ...

Motiva Enterprises announced last week an agreement to market, sell and distribute in the North America API Group III base stocks supplied from South ...

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 ...

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

Chinese refiners have opened several API Group III base oil plants in recent years, but for several reasons they do not meet the needs of local lubri ...

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 ...

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

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 ...

Naftan wants to upgrade base oil production at its refinery in Novopolotsk, Belarus, by increasing output of API Group III stocks by 2026, according t ...

Base oil supply in the United States has been down throughout most of 2020 thanks to the COVID-19 pandemic, but prices have fallen and risen due to sh ...

Gazprom Neft is continuing with a project to add API Group II and III capacity to it refinery in Omsk, Russia, but the site has already begun making l ...