Business

JERSEY CITY, N.J. – Two or three years of slow growth in Brazil may drag down the whole South American lubricant market, resulting in lube deman ...

Russian lube marketer Gazpromneft Lubricants signed a strategic partnership deal with the Russian Association of Auto Dealers.The agreement announced ...

Global Lube Growth Slows

December 18, 2013

Global lubricant demand will grow at less than 2 percent per year to reach 42.1 million metric tons by 2017, consultancy Kline and Co. projected, from ...

Fast-growing East Africa is attracting huge international interest, and its lubricant industry is keeping pace, with multiple new blending plants plan ...

Calumet Bags Bel-Ray

December 11, 2013

Calumet Specialty Products Partners yesterday announced it acquired Bel-Ray Co., a New Jersey-based manufacturer and distributor of lubricants. Terms ...

Gazprom, Derways Expand Deal

December 11, 2013

Gazprom Neft Lubricants and Russian car maker Derways sealed a five-year partnership agreement for supply, development and marketing of new lubricant ...

Five to six million tons per year of API Group I base oils will be shut down or upgraded, resulting in a significant bright stock deficit by 2022, wit ...

UAE Loves Lubes

November 27, 2013

The United Arab Emirates offer a warm welcome to the lubricant and base oil industries, and will move fast to API Groups II and III base oils in comin ...

Shell’s Still No. 1

November 20, 2013

While majors still lead the pack, smaller companies have a chance to shine in a global lubricants market that remained at 38.7 million metric tons in ...

Hydrodec Group will collaborate with Essar Oil UK on a joint venture oil rerefining center at Stanlow, U.K., including a rerefinery with API Group II+ ...

Better Oils in Irans Future

November 13, 2013

DUBAI, U.A.E. – Sepahan Oil predicts a bright future for Irans base oil industry, thanks to the countrys young and growing population, high dema ...

Calumet Hits 3Q Speed Bump

November 13, 2013

Calumet Specialty Products Partners reported a $19 million operating loss for the quarter ending Sept. 30, down from $98.8 million operating income a ...

Ashlands Valvoline business posted slight decreases in operating income and sales for the quarter ending Sept. 30, while Fuchs Petrolub posted mixed r ...

HCC Picks Up Pick-Up Routes

November 6, 2013

Heritage-Crystal Clean agreed this week to buy four branches of Universal Lubricants subsidiary RS Used Oil Services in a deal that could increase the ...

Sister Ships, One Captain

October 30, 2013

Gulf Oil International appointed Paul DeVivo, CEO of wholly owned but independently operated subsidiary Houghton International, as its new CEO and hea ...

Q3 Earnings Wrap-up

October 30, 2013

This past weeks third-quarter financial reports brought solid earnings for Afton Chemical and Quaker Chemical, while profits for South Korean base oil ...

Heritage-Crystal Cleans oil business, including oil collection and rerefining, reported $30.9 million in sales for the quarter ending Sept. 7, up 3.4 ...

The U.S. Centers for Disease Control and Prevention awarded George Washington University a $1.3 million grant to study whether exposure to metalworkin ...

Neste/Takreer Deal Collapses

October 23, 2013

ABU DHABI, United Arab Emirates – Neste Oil, the Finnish refiner and marketer of base oils, has confirmed to Lube Report it will not be marketin ...

DUBAI, U.A.E. – Quality in the Kingdom of Saudi Arabias 405,000 metric ton per year lubricant market will rise fast with the 2016 introduction o ...