Business

Several Indian lubricant companies reported strong increases in profits for the quarter ended June 30. Pricing actions enabled them to alleviate the i ...

Valvoline Inc. reported higher net income and operating income for the quarter ending June 30, in spite of a 28% increase in cost of sales. Meanwhile, ...

BP’s Castrol segment reported a decrease in underlying replacement cost before interest and taxes for the second quarter ending June 30, yet remaine ...

Profits increased more than 10% for SK Lubricants in the second quarter, while profits tumbled almost 70% for fellow South Korean base oil refiner Hyu ...

Saudi Aramco announced on Monday a $2.7 billion deal to acquire Valvoline’s Global Products business, which is its lubricant and maintenance product ...

Sales Up for HCC

August 3, 2022

Heritage-Crystal Clean’s oil business segment reported 45% higher revenue for its second fiscal quarter ending June 18, getting a boost from increas ...

United Arab Emirates-based Adnoc Distribution expanded into Egypt with the acquisition of a 50% stake of French energy company TotalEnergies’ Egypti ...

Q2 Profits Down for Fuchs

August 2, 2022

Independent lubricants blender Fuchs Petrolub SE reported a decrease in profits and an increase in sales for the second quarter, compared to results i ...

Some critics are sceptical about the lubricants industry’s ability to operate in a sustainable manner. Others are hopeful that the industry can do i ...

Pump Up the Policy

August 1, 2022

Lawmakers, regulators and standards agencies around the world are driving the transition to a low-carbon economy through a raft of policy initiatives. ...

Industry expert and sustainability adviser Apu Gosalia explains how lubricant companies can achieve climate neutrality.

Sara Lefcourt explains how completing a mid-year check can keep your business on the right track amidst this year’s chaotic business environment.

Indian transformer oil supplier Apar Industries reported increases of more than 100% in net profit and a 24% jump in revenues from its transformer and ...

Lubricant manufacturer and distributor Gold Eagle Co. acquired another blender and distributor, Lubrication Specialties Inc., in a deal struck earlier ...

Japanese specialty lubricant producer Moresco Corp. reported improved sales for its specialty lubricants for its first fiscal quarter ended in May, wi ...

Southern Cross Group, which owns the Petrobras lubricants and fuels business in Chile, has put it on the sales block, according to local news reports. ...

WD-40 Profit Declines

July 13, 2022

WD-40 reported net income of $14.5 million for the quarter ending May 31, a 31% drop from the same period last year, while net sales for its maintenan ...

Cepsa Quimica closed on its acquisition of 27.88% of Deten Quimica from Brazil’s Petrobras, after obtaining authorization from a government agency. ...

Nigerian blender and distributor Ardova Plc’s lubricants and greases segment reported an increase of more than 200% in its net profit and a large ri ...

Chinese lubricant marketer Lopal Tech Co. reported that operating income for its lubricant products segment fell nearly 30%, and Richful Lube Additive ...