Business

SK Sees Group III Shortfall

February 26, 2014

LONDON – SK Lubricants, unlike most other industry players, predicts an API Group III base oil deficit by 2017, and will expand Group III+ outpu ...

Chemtura and Heritage-Crystal Clean reported positive numbers in fourth quarter and year end 2013 earnings, while Calumet posted a mixed bag of ups an ...

Global lubricant additive consumption will grow 2.2 percent per year from 4 million metric tons in 2012 to 4.5 million tons by 2017, consultancy Kline ...

The bazaar may be an ancient part of commerce in India, but the countrys lubricant industry appears to be discovering it once again. Insiders say supp ...

Chinese demand for machine tools will grow more than 9 percent annually for the next four years, according to forecasts by a United States industry re ...

Shell agreed last week to sell downstream operations in Australia to Swiss energy trader Vitol. The transaction includes lubricant sales activities bu ...

Industry Calendar

February 24, 2014

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Southeast Asian sales of automobiles, motorcycles and scooters rose moderately in 2013, as the regions population of motorized four- and two-wheelers ...

Oman Gets Stake in UAE Blender

February 12, 2014

Oman Oil Marketing Co. acquired a 40 percent shareholding in blender Lubechem International Industry, based in the United Arab Emirates, for 1.5 milli ...

Whitmore Manufacturing Co. announced last week it will acquire Fluid Defense Systems LLC, a lubricant handling and contamination control company based ...

Lubricant marketers in India have begun working harder to cultivate positive images for their products. Analysts say suppliers are trying various stra ...

New auto sales in China topped 20 million units for the first time in 2013, solidifying the countrys status as the worlds largest market. Sales of new ...

Pertamina Lubes Stand Alone

February 11, 2014

Pertamina plans to turn its lubricant business from an operating unit into a subsidiary this year. The Indonesian energy company wants to give the lub ...

NewMarkets Afton Chemical additives subsidiary reported record operating profit and increased revenue during 2013s fourth quarter, while South Korean ...

Gulf Lubes Spin-off OKd

February 5, 2014

Gulf Oil Corp. shareholders on Thursday gave a ringing endorsement to managements proposal to carve out the companys lubricant business. In a court-or ...

Profits Up at China Rerun

February 4, 2014

Lubricant marketer China Rerun Chemical reported that gross profits for the 12 months ended Aug. 31 increased 22 percent compared to the previous year ...

Vote Endorses Gulf Demerger

February 4, 2014

Gulf Oil Corp. shareholders on Thursday gave a ringing endorsement to managements proposal to carve out the companys lubricant business. In a court-or ...

BP Sells Jet Oils Business

February 4, 2014

BP agreed to sell its aviation turbine oil business assets to Eastman Chemical Co. for an undisclosed amount, both companies announced last week.

Lukoil Cuts More Lube Deals

January 29, 2014

Russian oil major Lukoil recently signed lubricants supply contracts with a number of business and government customers in northern Russia, Sweden, Ro ...

Ashlands Valvoline business posted increases in operating income and sales for the quarter ending Dec. 31, while base oil refiner S-Oil reported a str ...