Business

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

Creating bio-lubricants using the liquid by-product extracted during processing of cashew nuts is the subject of a new patent earned by Brazil’s Fed ...

Motorex USA Inc. acquired Intercontinental Lubricants Corp.’s Spectro Performance Oils business, the company announced this week. The deal gives Mot ...

Engen and Vivo Energy will combine their respective African businesses to create one of Africa’s largest energy distribution companies, the companie ...

The majority owner of Nigerian fuels and lubricant supplier Ardova plc has proposed to buy out other shareholders and to take the company off the coun ...

SK Innovation’s base oils and lubricants business posted a large increase in operating profit for the full year but flat profit for the fourth quart ...

Operating income for Valvoline’s Retail Services business took a dip while sales increased for the quarter ended Dec. 31, which is the first quarter ...

BP reported today that profits for its Castrol lubricants business fell 32% in 2022 and dropped 67% in the fourth quarter – due, the company said, t ...

The base oil and lubricants business of S-Oil reported a 23% increase in operating profit for the quarter ending Dec. 31 and a 17% increase in sales r ...

Vertex Energy Inc. announced today that it has again reached an agreement to sell its Heartland used motor oil collection and recycling business – t ...

Learn from your Regrets

February 1, 2023

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

Conoil Profits Take a Dive

January 31, 2023

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

Saudi Aramco announced Jan. 18 that Houston-based Aramco Trading Americas LLC will be the sole supplier and “offtaker” of Motiva Enterprises – o ...

Liqui Moly Sales Up for 2022

January 24, 2023

German lubricants and aftermarket additive manufacturer Liqui Moly reported that its sales revenue rose 10% in 2022 to €799.7 million (U.S. $869 mil ...

Japanese specialty lubricant manufacturer Moresco reported a 14% increase in sales revenue for its specialty lubricants segment and a 1% decrease in s ...

ExxonMobil announced yesterday that it will create a new company for its finished lubricants and chemicals business in Thailand after agreeing to sell ...

WD-40 Posts Lower Income

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 period in 2021. Underperformance ...

Last year’s purchase of the Lubnor refinery by Grepar Participacoes will be reviewed by a Brazilian court after a judicial official advised last wee ...

South Korean lubricants blender Michang Oil Ind. Co. Ltd. reported a 45% drop in net profit and a 4% increase in sales for the quarter ending Sept. 30 ...

Your Business Is Business

January 3, 2023

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