Business

U.S. Base Oil Demand Slumps, Exports Soar

U.S. Base Oil Demand Slumps, Exports Soar

December 25, 2024

Domestic base oil demand in the United States has steadily declined over the past two years, pushing suppliers to boost ...

Demand Dropping for Group I in Europe

Demand Dropping for Group I in Europe

December 18, 2024

Europe is still the biggest consumer and producer of API Group I base oils, even as demand is falling, leading to an ove ...

Perstorp Buys OQ’s Dutch Esters Plant

Perstorp Buys OQ’s Dutch Esters Plant

December 18, 2024

Swedish chemical company Perstorp last week announced it had bought OQ Chemicals’ Dutch esters manufacturing facility.

Ingevity Spends on Charleston Plant

Ingevity Spends on Charleston Plant

December 11, 2024

United States-based chemical maker Ingevity will invest more than U.S.$53 million into a facility near its headquarters ...

September U.S. Base Oil Imports Jump

September U.S. Base Oil Imports Jump

December 11, 2024

Lubricant makers in the United States gobbled up record quantities of imported base stocks in September, according to re ...

Fuchs Completes Strub Purchase

Fuchs Completes Strub Purchase

December 4, 2024

Fuchs Group completed the acquisition of the Swiss industrial lubricant company Strub. In Sepetmber, the company signed ...

Vibra Expands Rio Plant

Vibra Expands Rio Plant

December 4, 2024

Brazilian lube company Vibra completed expansion works of its Lubrax lubricant plant in Duque de Caxias to the tune of $ ...

Changing Positions: Kloster at BASF

Changing Positions: Kloster at BASF

December 4, 2024

Lots of chairs moving around in Europe in November, with some of the big companies filling positions across their busine ...

Running a Lubricant Plant

Running a Lubricant Plant

December 2, 2024

A lot goes into running a successful lubricant plant, but good leadership might be the most important factor.

Podcast 26: Defining the Arena of Value

Podcast 26: Defining the Arena of Value

November 19, 2024

Stop measuring business performance by volume sales, argues Yana Wilkinson, Kline & Co.’s energy practice lead.

12 Injured in Tupras Explosion

12 Injured in Tupras Explosion

November 6, 2024

An explosion at Turkish refinery Tupras injured 12 people. The incident happened during maintenance of a compressor.

Fuchs Upgrades Barcelona Plant

Fuchs Upgrades Barcelona Plant

November 6, 2024

German independent lubricant company Fuchs Petrolub SE has invested €11 million on improvements to the production cent ...

S-Oil Posts Overall Loss, Base Oils Solid

S-Oil Posts Overall Loss, Base Oils Solid

November 6, 2024

S-Oil blamed a weaker won and tighter refining margins on its third quarter net loss. The same period in 2023 saw brisk ...

Changing Positions: Shake-up at SK

Changing Positions: Shake-up at SK

November 6, 2024

October was a busy month for the industry’s human resources departments.

Optimizing ROI in Maintenance

Optimizing ROI in Maintenance

November 4, 2024

Emerson’s Izzy Rivera outlines some essential strategies designed to optimize return on investment in maintenance.

Stimulus Should Boost China Market

Stimulus Should Boost China Market

October 30, 2024

China’s lubricant industry stands to benefit from the government’s economic stimulus pledges aimed at stemming the c ...

Motul Buys Metalworking Fluid Firm

Motul Buys Metalworking Fluid Firm

October 30, 2024

French performance lubricant company Motul has acquired Chem Arrow Corp., a move aimed at expanding its market reach and ...

Gazpromneft Singapore Unit Calls it Quits

Gazpromneft Singapore Unit Calls it Quits

October 23, 2024

Gazpromneft’s Singapore subsidiary, Gazpromneft Marine Lubricants, will close down after a final general meeting of bo ...