Business

Profits Dip for BP, Fuchs

November 3, 2020

BP’s lubricants business reported a slight year-to-year decline in profit for the third quarter, and independent lubricants blender Fuchs Petrolub S ...

Your Business

November 2, 2020

Pleasing Cranky Customers  By now, we clearly understand that many of our customers, both retail and business-to-business, have not been happy ...

Need to Know

November 2, 2020

Crunch Time  Looking at the United States lubricants business today, it’s hard to believe that just two decades ago there were close to 10,0 ...

Hin Leong on Sales Block

October 28, 2020

Troubled oil trader and lubricants producer Hin Leong Trading Pte. has apparently been put up for sale, based on notices placed in local media earlier ...

S-Oil reported a strong increase in operating income for its base oil business, while SK Lubricants posted lower operating profit, for the quarter end ...

Nynas AB announced a proposal Monday to restructure its debts to lenders and to repay other creditors, a major step toward completing the court-superv ...

A year and a half after acquiring it, Idemitsu Kosan Co. is selling Shell Lubricants Japan K.K. back to Royal Dutch Shell – because Idemitsu decided ...

France-based private equity firm Ardian paid $2.3 billion to acquire a 50% ownership stake in Angus Chemical Co. from Golden Gate Capital, which conti ...

Fuchs Elevates 2020 Outlook

October 20, 2020

German independent lubricants blender Fuchs Petrolub SE issued a preliminary report last week showing a 17% decrease earnings and an 11% decline in sa ...

HCC Down, WD-40 Up

October 19, 2020

Heritage-Crystal Clean’s oil business segment reported lower revenue for the third quarter, while WD-40 posted higher net income and revenue for the ...

Cadence Petroleum Group has obtained a new private equity investor, and the new backer plans to accelerate the expansion of the growing lubricant dist ...

A Chicago private equity firm announced last week that it has agreed to acquire majority stakes in Warren Distribution Inc., one of the largest privat ...

Hindustan Petroleum Corp. Ltd. reported that its lubricant sales edged up 0.7% in fiscal year 2019-2020, as it makes a push to access international ma ...

Transformer oil rerefiner Hydrodec announced it is forming a joint venture with a U.S. company that recycles electrical transformers and other utility ...

Calumet Specialty Products Partners LP, which has struggled to make profits in recent years, is considering a sale of its finished lubricants business ...

French lubricant company Condat SA last week finalized the acquisition of Kemno, a specialist lubricant and coolant company based in Milan. The takeov ...

Fuchs Petrolub SE announced the purchase of Welponer SpA, an Italian lubricant distributor with annual revenue of €4 million, the company’s fourth ...

Ampol will blend, distribute and market Mobil lubricants in Australia under a marketing alliance with ExxonMobil announced yesterday.

Making a Clean Transition

October 1, 2020

Today’s lube manufacturers blend hundreds of different products on the same equipment, necessitating periodic flushing to prevent cross-contaminatio ...

The COVID-19 pandemic has reshaped the lubricants industry, but it’s not the only factor forcing industry players to change up their game plans. Suz ...