Business

Yip’s Chemicals Holdings Ltd. reported that its lubricants business rebounded with an operating profit in 2023 – after an operating loss in 2022 ...

Profits Soar for Terpel

March 27, 2024

Colombian oil and gas company Terpel reported large increases in gross profit for its lubricants segment both for 2023 and the fourth quarter in Colom ...

South Korean lubricants blender Michang Petroleum reported a 138% jump in net profit in 2023, despite a slight decrease in sales revenue. In the fourt ...

Martin Midstream Partners reported a hefty increase in operating income on lower sales revenue for its specialty products business segment – which i ...

Process fluid provider Kodiak acquired Wayne, Oklahoma-based Aztech Lubricants, a specialist in wire drawing and wire lubricating formulation, adding ...

Chevron Lubricants Lanka PLC reported decreased profits for the full year but improved earnings for its fourth quarter. Meanwhile, MJL Bangladesh repo ...

Lubrizol’s pre-tax earnings for 2023 were relatively unchanged from 2022, although Berkshire Hathaway noted that they improved last year if excludin ...

Independent lubricant blender Fuchs SE reported 9% higher net profit on a 4% increase in sales revenues in 2023, as raw material markets normalized af ...

P.S.P. Specialties Public Co. reported lower sales and net profit for 2023, while PV Oil Lube JSC achieved a significant increase in profit after tax.

Quaker Chemical rebounded with net profits for the full year and fourth quarter last year, after reporting net losses for 2022 and the fourth quarter ...

Tom Glenn explains why acquisitive companies are expected to be increasingly discerning in selecting companies to acquire.

Jack Goodhue outlines the pros and cons of both remote and office work in a post-pandemic world.

Luberef reported a 24% drop in net profit for full-year 2023 as the effects of decreased crack margins more than offset higher base oil sales volumes.

Pakistan’s Hi-Tech Lubricants reported a smaller consolidated net loss for its lubricants segment and improved segment net sales for the quarter end ...

Calumet Specialty Products Partners L.P. reported a rebound in net income for the full year 2023, although the fourth quarter brought a net loss, whil ...

Nigerian lube blender Conoil reported a slightly lower gross profit and a 42% drop in sales revenue for its lubricants segment for the full year. The ...

German Demand Falls Again

February 27, 2024

Although Germany’s domestic lubricant demand declined 7% in November, the largest category – motor oils – posted a 5% year-on-year increase, and ...

Castrol India Ltd. reported higher net profit for 2023 and the quarter ended Dec. 31, while the quarter brought double- or triple-digit gains in profi ...

Clean Harbor’s Safety-Kleen Sustainability Solutions segment suffered declines in third-party revenues for the full year and fourth quarter, due to ...

MRS Posts Big Earnings Jump

February 20, 2024

Nigerian blender MRS Oil Nigeria Plc reported a 154% jump in gross profit for its lubes segment for the full year, on a 17% increase in sales revenue, ...