Business

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

Lubrizol Corp.’s pre-tax profit for the second quarter fell 25% year to year due to the fact that earnings in the same period of 2022 were inflated ...

An Italian mutual funds investment firm acquired a majority stake in Italian lubricants and greases producer Pakelo Motor Oil, which said the deal wil ...

Second quarter profits for metalworking fluids and industrial fluids manufacturer Yushiro Chemical received a boost from the easing of the global semi ...

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

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

Nigerian blender MRS Oil Nigeria Plc reported a nearly six-fold jump in gross profit and an 18% increase in sales revenue for its lubricants segment i ...

The quarter ending June 30 brought mixed results for several Indian lubricant companies, as Gulf Oil Lubricants India Ltd. cited positive impacts from ...

Valvoline Inc. reported large increases in income and sales from continuing operations and in system-wide store sales for the quarter ended June 30, c ...

BP reported that profits for its Castrol lubricants business dropped 23% in the second quarter, as adverse foreign exchange impacts and higher costs o ...

SK Enmove’s base oils and lubricants business and S-Oils base oils and lubricants business both achieved slightly higher profits for the quarter end ...

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

Fuchs SE reported a 10% increase in net profit on 7% greater sales revenue for the second quarter, citing continued impacts from price increases insti ...

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

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

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

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

Increased selling prices helped lead to increased operating profit for Afton Chemical’s petroleum additives business for the quarter ending June 30, ...

Companies keep a close eye on certain key performance indicators, but other problems may be lurking below the surface.

Food-Grade for Thought?

July 20, 2023

The term food-grade lubricant has been generally accepted by the lubricants industry for some time, but perhaps it is no longer the best term for the ...