Business

Parties Mum on Ownership of JV Stake

Parties Mum on Ownership of JV Stake

Lube Report EMEA - April 12, 2022

Bahrain Lube Base Oil Co. in Sitra, Bahrain, has been churning out API Group III base stocks since 2011. It’s clear wh ...

Eastern Lubricants’ Earnings Fall

Eastern Lubricants’ Earnings Fall

Lube Report Asia - April 8, 2022

Bangladesh’s Eastern Lubricants Blenders Ltd. reported steep drops in profit and revenue for the quarter ending Dec. 3 ...

SK Invests in Data Center Cooling

SK Invests in Data Center Cooling

Lube Report Americas - April 6, 2022

SK Lubricants made an equity investment in GRC, a liquid immersion cooling solutions provider for data centers, and will ...

Additive

IPO Considered for Luberef

Lube Report EMEA - April 5, 2022

Luberef, a base oil joint venture of Saudi Aramco, is considering an initial public stock offering that would aim to rai ...

Life After Brexit: Business as Usual?

Life After Brexit: Business as Usual?

Lubes'n'Greases - April 1, 2022

Two years after the completion of Brexit, how are lubricant industry players in the United Kingdom faring?

Managing the Ukraine Crisis

Managing the Ukraine Crisis

Lubes'n'Greases - April 1, 2022

Sara Lefcourt explains how the crisis in Ukraine may affect your business and offers tips for managing the situation.

MJL Profits Drop Steeply

MJL Profits Drop Steeply

Lube Report Asia - April 1, 2022

Lubricant blender and supplier MJL Bangladesh reported a steep drop in profits and a slight increase in sales revenue f ...

Mixed Year for Perimeter Solutions

Mixed Year for Perimeter Solutions

Lube Report Americas - March 30, 2022

Perimeter Solutions SA’s oil additives business reported lower earnings and sales for the fourth quarter and lower ear ...

Conoil Posts Higher Earnings

Conoil Posts Higher Earnings

Lube Report EMEA - March 29, 2022

Nigerian lubricants blender and marketer Conoil reported higher gross profit and sales for the fourth quarter of 2021 as ...

PV Oil Suffers Big Drop in Profits

PV Oil Suffers Big Drop in Profits

Lube Report Asia - March 25, 2022

Vietnam’s PV Oil Lube JSC reported a steep drop of more than 80% in profit after tax for 2021, compared to the prior y ...

SEC Releases Climate Disclosure Proposal

SEC Releases Climate Disclosure Proposal

Sustainability InSite - March 24, 2022

U.S. Securities and Exchange Commission's proposed rule requires public companies to disclose their emissions and climat ...

Fuchs’ Profits Up in 2021

Fuchs’ Profits Up in 2021

Lube Report EMEA - March 22, 2022

Fuchs Petrolub SE, the world’s largest independent lubricant supplier, reported a 15% increase in profits after tax in ...

AP Oil Cites Hurdles Despite Gains

AP Oil Cites Hurdles Despite Gains

Lube Report Asia - March 18, 2022

Singaporean independent lubricant blender AP Oil reported higher net profit but lower sales for the second half of 2021 ...

Corporate Emissions Pledges Wide of the Mark

Corporate Emissions Pledges Wide of the Mark

Sustainability InSite - March 17, 2022

Twenty-five of the world's largest companies are on average falling short of their net-zero pledges and providing little ...

Vertex Posts Jump in Earnings

Vertex Posts Jump in Earnings

Lube Report Americas - March 16, 2022

Vertex Energy Inc. reported large increases in gross profit and revenues for the quarter ended Dec. 31 and full year 202 ...

Additive

Lubrizol Names Interim CEO

Lube Report Americas - March 16, 2022

Lubrizol announced last week that it appointed board of directors Chairwoman Mary Rhinehart to the additional posts of p ...

SBTI Moratorium on Fossil Fuels

SBTI Moratorium on Fossil Fuels

Sustainability InSite - March 15, 2022

Commitments and targets from the fossil fuel industry will no longer be accepted by the Science Based Target Initiative.

Profits Up for Chevron Lanka, Hi-Tech

Profits Up for Chevron Lanka, Hi-Tech

Lube Report Asia - March 11, 2022

Chevron Lubricants Lanka Plc reported much higher profits and sales for the fourth quarter and the full year of 2021, an ...