Paraffinic Group III

Profits Down for GS Caltex, Thai Oil in 2022

Profits Down for GS Caltex, Thai Oil in 2022

February 17, 2023

South Korea’s GS Caltex reported increased operating profit for its base oil and lubricants business in the fourth qua ...

Uzbek Base Oil Plant Progresses on Revamp

Uzbek Base Oil Plant Progresses on Revamp

February 14, 2023

An upgrade of a base oil plant in Fergana, Uzbekistan, is on track for completion by the beginning of 2024, with product ...

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Handi Boosts Group III Output

February 10, 2023

Handi Sunshine Petrochemical has begun commercial production of API Group III base oils at its expanded base oil plant i ...

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China Base Oil Output Tanked in 2022

December 30, 2022

China will produce a quarter less base oil this year than it did in 2021, according to estimates by Longzhong Informatio ...

Gazprom Group II and III Plant Nearly Complete

Gazprom Group II and III Plant Nearly Complete

December 20, 2022

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

Is U.S. Base Oil Production a Global Affair?

Is U.S. Base Oil Production a Global Affair?

December 1, 2022

Base oil production in the United States continues on the path to recovery, but the import and export scene has been sli ...

Luberef Plans IPO; Will Make Group III

Luberef Plans IPO; Will Make Group III

November 29, 2022

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

Puraglobe Moves Forward on U.S. Rerefinery

Puraglobe Moves Forward on U.S. Rerefinery

November 9, 2022

Plans for a rerefinery in Tampa, Florida were on the books for so long, the industry could be forgiven for considering t ...

Base Oil Report: Pricing

Base Oil Report: Pricing

October 31, 2022

Posted base oil prices seemed to settle into a more typical pattern this fall, but has the market returned to normality ...

Base Oil Report: Pricing

Base Oil Report: Pricing

October 3, 2022

Base oil pricing dynamics cooled off a bit in September. Gabriela Wheeler explains which factors helped to steady the ma ...

U.S. Base Oil Production Down in June

U.S. Base Oil Production Down in June

August 31, 2022

Base oil production in the United States declined 8% in June, compared to the same month last year, according to data re ...

Base Oil Report: Pricing

Base Oil Report: Pricing

August 1, 2022

Crude oil and feedstock prices remain volatile, and the summer months have ushered in yet another round of base oil pric ...

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Base Oils Not Affected by S-Oil Explosion

May 20, 2022

One person died and nine were injured Thursday night in an explosion at S-Oil’s refinery in Onsan, South Korea. The in ...

Base Oil Report: Pricing

Base Oil Report: Pricing

May 2, 2022

Gabriela Wheeler explains some of the most prevalent factors contributing to the current—and confusing—base oil pric ...

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Parties Mum on Ownership of JV Stake

April 12, 2022

Bahrain Lube Base Oil Co. in Sitra, Bahrain, has been churning out API Group III base stocks since 2011. It’s clear wh ...

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Workers Strike at Richmond Refinery

March 23, 2022

More than 500 members of the United Steelworkers union went on strike Monday at Chevron’s refinery in Richmond, Califo ...

As the Pendulum Swings

As the Pendulum Swings

February 1, 2022

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

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CNOOC Taizhou Introduces Group III

December 24, 2021

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