Business

S-Oil Profits Rose in Fourth Quarter, 2022

S-Oil Profits Rose in Fourth Quarter, 2022

Lube Report Asia - February 3, 2023

The base oil and lubricants business of S-Oil reported a 23% increase in operating profit for the quarter ending Dec. 31 ...

Vertex Sells Heartland Rerefinery

Vertex Sells Heartland Rerefinery

Lube Report Americas - February 1, 2023

Vertex Energy Inc. announced today that it has again reached an agreement to sell its Heartland used motor oil collectio ...

Learn from your Regrets

Learn from your Regrets

Lubes'n'Greases - February 1, 2023

While no one likes having professional regrets, they can offer significant opportunities for growth. Sara Lefcourt expla ...

Conoil Profits Take a Dive

Conoil Profits Take a Dive

Lube Report EMEA - January 31, 2023

Nigerian lubricants blender and marketer Conoil reported 63% less gross profit for the fourth quarter of 2022 and a 57% ...

Aramco Subsidiary Absorbs Motiva Trading

Aramco Subsidiary Absorbs Motiva Trading

Lube Report Americas - January 25, 2023

Saudi Aramco announced Jan. 18 that Houston-based Aramco Trading Americas LLC will be the sole supplier and “offtaker ...

Liqui Moly Sales Up for 2022

Liqui Moly Sales Up for 2022

Lube Report EMEA - January 24, 2023

German lubricants and aftermarket additive manufacturer Liqui Moly reported that its sales revenue rose 10% in 2022 to ...

Moresco Reports Increased Sales

Moresco Reports Increased Sales

Lube Report Asia - January 13, 2023

Japanese specialty lubricant manufacturer Moresco reported a 14% increase in sales revenue for its specialty lubricants ...

ExxonMobil Keeps Thailand Lubes Business

ExxonMobil Keeps Thailand Lubes Business

Lube Report Asia - January 13, 2023

ExxonMobil announced yesterday that it will create a new company for its finished lubricants and chemicals business in T ...

WD-40 Posts Lower Income

WD-40 Posts Lower Income

Lube Report Americas - January 11, 2023

WD-40 Co. posted net income of $14 million for the quarter ending Nov. 30, a 25% drop from $18.5 million in the same per ...

Additive

Lubnor Sale Sent Back for Review

Lube Report Americas - January 11, 2023

Last year’s purchase of the Lubnor refinery by Grepar Participacoes will be reviewed by a Brazilian court after a judi ...

Profits Down for Korean Blender Michang

Profits Down for Korean Blender Michang

Lube Report Asia - January 6, 2023

South Korean lubricants blender Michang Oil Ind. Co. Ltd. reported a 45% drop in net profit and a 4% increase in sales f ...

Your Business Is Business

Your Business Is Business

Lubes'n'Greases - January 3, 2023

In most situations, it is wise for companies to avoid taking public social and political stances. Jack Goodhue explains ...

Outlook for Grease Working Groups

Outlook for Grease Working Groups

Lubes'n'Greases - January 3, 2023

NLGI and ELGI’s grease working groups stay busy. What are some of the latest and most pressing things on their to-do l ...

Copton Reports Lower Profits

Copton Reports Lower Profits

Lube Report Asia - December 30, 2022

Chinese lubricants blender Qingdao Copton Tech reported a drop of more than 40% in net profit and a slight increase in o ...

Additive

Shell Acquires Lubrication Systems Firm

Lube Report Americas - December 28, 2022

Shell, through its subsidiary Pennzoil-Quaker State, acquired the parent company of Allied Reliability Inc., an industri ...

Earnings Slide at Lopal, Jump for Richful

Earnings Slide at Lopal, Jump for Richful

Lube Report Asia - December 23, 2022

Chinese lubricant marketer Lopal Tech Co. reported a 23% drop in operating income for its lubricant products segment for ...

Profits, Sales Down for Lub-rref

Profits, Sales Down for Lub-rref

Lube Report Asia - December 16, 2022

Bangladeshi lubricants blender Lub-rref reported a 3% decrease in net profit and a 12% drop in sales revenue on lower op ...