Business

Profits Rise at MJL, Dip for Chevron Lanka

Profits Rise at MJL, Dip for Chevron Lanka

Lube Report Asia - March 15, 2024

Chevron Lubricants Lanka PLC reported decreased profits for the full year but improved earnings for its fourth quarter. ...

Lubrizol Earnings About Flat in 2023

Lubrizol Earnings About Flat in 2023

Lube Report Americas - March 13, 2024

Lubrizol’s pre-tax earnings for 2023 were relatively unchanged from 2022, although Berkshire Hathaway noted that they ...

Fuchs Profits, Sales Rose in 2023

Fuchs Profits, Sales Rose in 2023

Lube Report EMEA - March 12, 2024

Independent lubricant blender Fuchs SE reported 9% higher net profit on a 4% increase in sales revenues in 2023, as raw ...

PSP Profits, Sales Decline in 2023

PSP Profits, Sales Decline in 2023

Lube Report Asia - March 8, 2024

P.S.P. Specialties Public Co. reported lower sales and net profit for 2023, while PV Oil Lube JSC achieved a significant ...

Quaker Chemical Back in Black Ink

Quaker Chemical Back in Black Ink

Lube Report Americas - March 6, 2024

Quaker Chemical rebounded with net profits for the full year and fourth quarter last year, after reporting net losses fo ...

Cherry Picking Distributors

Cherry Picking Distributors

Lubes'n'Greases - March 5, 2024

Tom Glenn explains why acquisitive companies are expected to be increasingly discerning in selecting companies to acquir ...

The Office or Remote Conundrum

The Office or Remote Conundrum

Lubes'n'Greases - March 5, 2024

Jack Goodhue outlines the pros and cons of both remote and office work in a post-pandemic world.

Additive

Luberef Earnings Fell in 2023

Lube Report EMEA - March 5, 2024

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

Hi-Tech Lubricants Earnings Rise

Hi-Tech Lubricants Earnings Rise

Lube Report Asia - March 1, 2024

Pakistan’s Hi-Tech Lubricants reported a smaller consolidated net loss for its lubricants segment and improved segment ...

Calumet Cuts Loss; Perimeter Profit Falls

Calumet Cuts Loss; Perimeter Profit Falls

Lube Report Americas - February 28, 2024

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

Conoil Profit Falls on Lower Sales

Conoil Profit Falls on Lower Sales

Lube Report EMEA - February 27, 2024

Nigerian lube blender Conoil reported a slightly lower gross profit and a 42% drop in sales revenue for its lubricants s ...

German Demand Falls Again

German Demand Falls Again

Lube Report EMEA - February 27, 2024

Although Germany’s domestic lubricant demand declined 7% in November, the largest category – motor oils – posted a ...

Castrol India Posts Jump in Profits

Castrol India Posts Jump in Profits

Lube Report Asia - February 23, 2024

Castrol India Ltd. reported higher net profit for 2023 and the quarter ended Dec. 31, while the quarter brought double- ...

Downturn for Safety-Kleen, HF Sinclair

Downturn for Safety-Kleen, HF Sinclair

Lube Report Americas - February 21, 2024

Clean Harbor’s Safety-Kleen Sustainability Solutions segment suffered declines in third-party revenues for the full ye ...

MRS Posts Big Earnings Jump

MRS Posts Big Earnings Jump

Lube Report EMEA - February 20, 2024

Nigerian blender MRS Oil Nigeria Plc reported a 154% jump in gross profit for its lubes segment for the full year, on a ...

Uzbek Company Buys Italian Blender

Uzbek Company Buys Italian Blender

Lube Report EMEA - February 20, 2024

Uzbekistan oil and gas company Saneg acquired CGC Lubricants Italy S.p.A., an Italian lube maker, to expand its footprin ...

Profits Rise for GS Caltex, Fall for Thai Oil

Profits Rise for GS Caltex, Fall for Thai Oil

Lube Report Asia - February 16, 2024

South Korea’s GS Caltex reported higher operating profit for its base oil and lubricants business for full-year 2023 d ...