Business

S-Oil’s Profits Rise

October 20, 2015

Lower crude oil costs helped S-Oils base oil business record a 42 percent year-to-year improvement in third quarter profitability, the company reporte ...

Industry Calendar

October 16, 2015

NOVEMBER 3-5. ICIS African Base Oils & Lubricants Conference Radisson Blu Gautrain Hotel, Johannesburg, South Africa events.registration@icis.com ...

API Group I still holds the largest share of the global base oil market, but Group III is expected to grow the fastest over the next five years, drive ...

Kuwait Petroleum International and Gunvor Group reached the final stage of negotiations on the sale of the KP Europoort refinery in Rotterdam, Netherl ...

China is now neck-and-neck with the United States as the world's largest lubricant market. Estimates differ about which market is bigger but not about ...

Base oil capacity additions globally are expected to challenge the traditional trade flow of base stocks from Asia-Pacific to other regions.

China Rerun Chemical said a London stock exchange acted precipitously suspending trading of its stock last week after the company was asked to commiss ...

Prices for foreign branded engine oils in Russia rose an average of 31 percent during the year ended in August, while domestic brands climbed just 7.5 ...

China Faces Group II Glut

October 6, 2015

The Asia-Pacific regions API Group II base oil production capacity increased to make up 45 percent of the regional market in 2015, largely driven by n ...

Global general industrial oils and grease demand reached nearly 6.5 million metric tons in 2014, led by Asia-Pacific, while the highest demand growth ...

Kraton Performance Polymers Inc. plans to acquire tall oil products maker Arizona Chemical Holdings Corp. for $1.4 billion. The markets and customers ...

Tough Half Year for Hydrodec

September 30, 2015

Transformer oil rerefiner Hydrodec Group posted a $7.5 million loss for the six months ending June 30, compared to a $3 million loss during the first ...

VIENNA – China is expected to hold its position as the worlds largest lubricant market in the decade to come as the United States market stagnat ...

Asia-Pacific is the largest regional market for industrial oils and greases and will experience the highest growth in demand for turbine and circulati ...

China has over 400 facilities capable of recycling used lubricants, but many are small and dont produce base oils, according to a Chinese rerefiner wh ...

Mumbai-based Standard Greases & Specialities last week announced a takeover bid for Tide Water Oil Co. (India) Ltd., but Tide Waters promoter said it ...

VIENNA – Steeply lower crude oil costs are the biggest reason that margins for fuels, base stocks and other refined products have improved, but ...

Ashland to Spin Off Valvoline

September 23, 2015

Ashland announced yesterday that it will spin off Valvoline, saying the lubricants business is positioned for growth in quick lube and international m ...

With some predicting lubricant consumption in Indonesia will continue to decline, suppliers are vying to grab sales volume by introducing niche 10W en ...

Compared to Europe and North America, the Asia-Pacific region does not consume much synthetic base stock, but it produces a growing and broadening vol ...