Business

Advanced Lubricant Formulations from Molecule to Market

Advanced Lubricant Formulations from Molecule to Market

May 28, 2024

Lubrizol explains why adhering to testing protocols—including laboratory tests, engine tests and field trials—is piv ...

MRS Oil Records Jump in Earnings

MRS Oil Records Jump in Earnings

May 28, 2024

Nigerian blender MRS Oil Nigeria reported large increases in gross profit and sales revenue for its lubricants segment i ...

Profit Up at PSP, Down at Lanka IOC

Profit Up at PSP, Down at Lanka IOC

May 24, 2024

Independent Thai lubricant maker P.S.P. Specialties Public Co. reported hefty increases in net profit and sales revenue ...

Lubrizol Posts Improved Earnings

Lubrizol Posts Improved Earnings

May 22, 2024

Lubrizol reported higher first-quarter pre-tax earnings despite a drop in sales revenue – thanks to decreases in raw m ...

Additive

Industrial Projects to Build Lube Plant in Russia

May 21, 2024

Russian company Industrial Projects expressed intentions last week to build a lubricant blending plant in the Rostov obl ...

Profits Up for Yushiro, KH Neochem

Profits Up for Yushiro, KH Neochem

May 17, 2024

Yushiro Chemical reported increased fiscal-year net profit and sales for the quarter ended March 31, while specialty che ...

Calumet Reports Drop in Sales

Calumet Reports Drop in Sales

May 15, 2024

Calumet Specialty Products Partners L.P. reported decreased base oil and process oil sales revenue for the quarter ended ...

Fuchs Profit Rises Despite Revenue Drop

Fuchs Profit Rises Despite Revenue Drop

May 14, 2024

Independent lubricants blender Fuchs SE reported a 6% increase in first-quarter net profit and a 6% decline in sales rev ...

Shell Sells Singapore Refining Complex

Shell Sells Singapore Refining Complex

May 10, 2024

A joint venture led by Indonesian chemical company Chandra Asri has agreed to buy Shell’s fuels and petrochemical refi ...

Profits Decline for GS Caltex, Thai Oil

Profits Decline for GS Caltex, Thai Oil

May 10, 2024

South Korea’s GS Caltex’s base oils and lubricants division reported a small decrease in operating profit for the fi ...

Additive

Safety-Kleen Acquires Noble Oil

May 8, 2024

Safety-Kleen Systems acquired Noble Oil Recycling, which collects used oil in the Eastern United States and has a North ...

Valvoline, Quaker Chemical Profits Rise

Valvoline, Quaker Chemical Profits Rise

May 8, 2024

Valvoline Inc. reported higher revenue and a quarter bump in increases in operating income for the three months ended Ma ...

Castrol Earnings Up, Luberef’s Down

Castrol Earnings Up, Luberef’s Down

May 7, 2024

BP reported a 14% increase in profits for its Castrol Lubricants business in the first quarter, citing higher margins, w ...

Additive

Mitsubishi, Denka Form Fullerenes JV

May 3, 2024

Chemical maker Denka Co. has agreed to by a 50% stake of Mitsubishi Chemical’s Frontier Carbon Corp., forming a joint ...

Profits Down for SK Enmove, S-Oil

Profits Down for SK Enmove, S-Oil

May 3, 2024

The base oil and finished lubricant businesses of SK Enmove and S-Oil both reported declines in profits for the quarter ...

First Quarter Earnings Bump for Afton

First Quarter Earnings Bump for Afton

May 1, 2024

Afton Chemical achieved a 14% increase in first-quarter operating profit, primarily due to lower costs that overcame a d ...

Vivo Lube Earnings Rose in 2023

Vivo Lube Earnings Rose in 2023

April 30, 2024

Vivo Energy, which distributes lubricants to retail and commercial customers across Africa, reported a 10% increase in e ...

Additive

Fuchs to Acquire Lubcon

April 23, 2024

Fuchs Group announced yesterday an agreement to acquire Germany-based Lubcon Group, primarily with the aim of jointly in ...