Improved demand and tighter supply supported spot prices, with some assessments moving up given few offers against blossoming buying interest. Supplie ...

The month of March may be pivotal for the market, as business concluded over the next several days may be an indication of what can be expected for th ...

Base oil production in the United States decreased 6% in 2023, while production in December experienced a 7% uptick in volume, the U.S. Energy Informa ...

Base oil markets across the European, Middle Eastern and African regions are generally quiet, with demand subdued in many areas for all types of base ...

Are widely used gears oils able to meet the ever-increasing demands of the current Latin American market?

Demand for synthetic lubricants has grown over the past few decades. Steve Haffner explores whether synthetics are becoming commoditized amidst this g ...

Base oil fundamentals have been lackluster for months. Might the spring production cycle breathe some life into the market?

New emission standards and engine oil specifications are boosting demand for premium lubricant grades, while electric vehicles adoption is suppressing ...

Luberef reported a 24% drop in net profit for full-year 2023 as the effects of decreased crack margins more than offset higher base oil sales volumes.

Spot prices were mostly on an upward trend in Asia as demand has improved and availability has tightened. However, assessments for a few grades weaken ...

Structural shortages of base oil production in Latin America are attracting imports from other regions, and the market increasingly relies on supplies ...

Calumet Specialty Products Partners L.P. reported a rebound in net income for the full year 2023, although the fourth quarter brought a net loss, whil ...

When Petrobras nixed the sale of its Lubnor refinery last year, it seemingly reduced the likelihood of near-term upgrades to the site’s base oil pla ...

According to reports, ExxonMobil raised the posted price of its API Group I, Group II and Group II+ base oils last week, while Paulsboro plans to lift ...

Base oil and finished lubricant markets from the Americas to Asia are feeling impacts of the ongoing attacks on shipping through the Red Sea. – by R ...

Base oil fundamentals were in flux, with demand for a number of grades ramping up, and remaining on the sluggish side for others. Ample availability o ...

Castrol India Ltd. reported higher net profit for 2023 and the quarter ended Dec. 31, while the quarter brought double- or triple-digit gains in profi ...

In a fairly quiet market – with many players away attending the Argus Global Base Oils Conference in London – reports that ExxonMobil intended to ...

The global lubricants industry is facing new challenges from geopolitical and economic events, such as wars in Ukraine and the Middle East, supply rou ...

Base oil markets in Europe, the Middle East and Africa continue to feel impacts of armed conflicts, but the effects vary from region to region. In gen ...