Business

Profits Up at Thai Oil and PV Oil, Down at AP Oil

Profits Up at Thai Oil and PV Oil, Down at AP Oil

August 25, 2023

Thai Oil Group’s base oil business achieved higher net profit on lower sales revenue for the second quarter – a sale ...

Lubrizol Profit Down, Mr. Lube Revenue Up

Lubrizol Profit Down, Mr. Lube Revenue Up

August 23, 2023

Lubrizol Corp.’s pre-tax profit for the second quarter fell 25% year to year due to the fact that earnings in the same ...

Investment Firm Buys Control of Pakelo

Investment Firm Buys Control of Pakelo

August 22, 2023

An Italian mutual funds investment firm acquired a majority stake in Italian lubricants and greases producer Pakelo Moto ...

Profits Up at Yushiro, KH Neochem, GS Caltex

Profits Up at Yushiro, KH Neochem, GS Caltex

August 18, 2023

Second quarter profits for metalworking fluids and industrial fluids manufacturer Yushiro Chemical received a boost from ...

Luroda Buys Out GS Caltex for Tianjin Plant

Luroda Buys Out GS Caltex for Tianjin Plant

August 18, 2023

Chinese lubricant manufacturer Luroda recently acquired GS Caltex’s 65% share in their joint venture blending plant in ...

Financials Fall for Heritage-Crystal Clean, Moove

Financials Fall for Heritage-Crystal Clean, Moove

August 16, 2023

Rerefiner Heritage-Crystal Clean reported a steep fall in second quarter revenues for its oil business segment – which ...

MRS Oil Reports Huge Earnings Increase

MRS Oil Reports Huge Earnings Increase

August 15, 2023

Nigerian blender MRS Oil Nigeria Plc reported a nearly six-fold jump in gross profit and an 18% increase in sales revenu ...

Results Mixed for Gulf, GP, Savita, Castrol India

Results Mixed for Gulf, GP, Savita, Castrol India

August 11, 2023

The quarter ending June 30 brought mixed results for several Indian lubricant companies, as Gulf Oil Lubricants India Lt ...

Valvoline Inc. Reports Higher Profits, Sales

Valvoline Inc. Reports Higher Profits, Sales

August 9, 2023

Valvoline Inc. reported large increases in income and sales from continuing operations and in system-wide store sales fo ...

Profits Fall at Castrol, Conoil

Profits Fall at Castrol, Conoil

August 8, 2023

BP reported that profits for its Castrol lubricants business dropped 23% in the second quarter, as adverse foreign excha ...

Hyundai Shell Posts Big Earnings Jump

Hyundai Shell Posts Big Earnings Jump

August 4, 2023

SK Enmove’s base oils and lubricants business and S-Oils base oils and lubricants business both achieved slightly high ...

Profits Dip at Safety-Kleen, Jump at Quaker Chem

Profits Dip at Safety-Kleen, Jump at Quaker Chem

August 2, 2023

Despite increases in used oil collection and sales volumes of rerefined base oils, Clean Harbors reported lower second q ...

Earnings Rise for Fuchs, Luberef

Earnings Rise for Fuchs, Luberef

August 1, 2023

Fuchs SE reported a 10% increase in net profit on 7% greater sales revenue for the second quarter, citing continued impa ...

MOGoil Bought by Ergon Subsidiary

MOGoil Bought by Ergon Subsidiary

August 1, 2023

Ergon announced today that its subsidiary Process Oils Inc. has acquired MOGoil, a major base oil trader in Europe. The ...

Podcast 12: Strange Base Oil Markets in 2023

Podcast 12: Strange Base Oil Markets in 2023

July 28, 2023

The first six months of 2023 have been "strange" in global base oil markets, says our base oil editor Gabriela Wheeler.

Moresco’s Specialty Lube Sales Rise

Moresco’s Specialty Lube Sales Rise

July 28, 2023

Japanese specialty lubricant maker Moresco Corp. reported increased sales for its specialty lubricants, boosted by incre ...

Podcast 11: Managing Trends and Circumstances

Podcast 11: Managing Trends and Circumstances

July 26, 2023

The discussion broadens again to encompass artificial intelligence, strategic planning and leadership.

Profits Up for Afton, WD-40

Profits Up for Afton, WD-40

July 26, 2023

Increased selling prices helped lead to increased operating profit for Afton Chemical’s petroleum additives business f ...