Market Topics

Uzbekistan oil and gas company Saneg acquired CGC Lubricants Italy S.p.A., an Italian lube maker, to expand its footprint on the European markets and ...

South Korea’s GS Caltex reported higher operating profit for its base oil and lubricants business for full-year 2023 despite a decline in the fourth ...

Asia Base Oil Price Report

February 16, 2024

Some base oil prices continued to show signs of strengthening, propelled by steady demand and tightening supplies, while others remained on a downward ...

South Korea exported 23% less base oil volume in November and the exports’ declared value was flat, compared to the same month last year, according ...

Passenger car sales in China rose 11% in 2023, while sales of new energy models surged by 38%, according to the China Association of Car Manufacturers ...

Special Report: Base Stocks

February 16, 2024

Discover how extended producer responsibility in India might affect rerefining in the country, how the automotive industry is impacting base oil deman ...

Schaeffer Acquires Hicks Oils

February 14, 2024

St. Louis-based lubricants blender Schaeffer Manufacturing Co. acquired the lubricants business of Hicks Oils & Hicksgas Inc., in southern Illinoi ...

Special Report: Base Stocks

February 14, 2024

Discover how extended producer responsibility in India might affect rerefining in the country, how the automotive industry is impacting base oil deman ...

Valvoline Inc. reported a 114% jump in operating income and a 12% increase in net sales revenue for the quarter ended Dec. 31, which is the first quar ...

Earth Alive Clean Technologies, a Canadian engineering company in the biochemical sector, acquired Interlube Inc. a Quebec-based producer of biodegrad ...

U.S. Base Oil Price Report

February 14, 2024

Suppliers were focused on filling some early orders ahead of the busy spring production season, but it was too early to ascertain whether demand would ...

Blue Tide Environmental announced today completion of the first phase of its base oils rerefinery in Baytown, Texas – a low-sulfur vacuum gasoil pla ...

Indonesia requested World Trade Organization dispute consultations with the European Union over its imposition of anti-dumping duties on imports of fa ...

EMEA Base Oil Price Report

February 13, 2024

API Group I base oil prices have tumbled in Europe on the back of exceptionally aggressive export pricing from Eni in Livorno, Italy. The site could c ...

Special Report: Base Stocks

February 13, 2024

Discover how extended producer responsibility in India might affect rerefining in the country, how the automotive industry is impacting base oil deman ...

BP reported a triple-digit increase in fourth-quarter profitability for its Castrol lubricants business and a slight improvement for the full year 202 ...

Turkmenistan’s only base oil plant has been running at less than half of its 150,000 metric tons per year capacity due to a halted project to modern ...

Asia Base Oil Price Report

February 9, 2024

Base oil prices in Asia were swayed by divergent currents, with some values moving up on tighter supply, and others falling due to sluggish demand and ...

SKF opened a research and development and manufacturing site for lubrication management equipment in Taicang, China, last month. It is one of several ...

Profits Down at SK, S-Oil

February 9, 2024

Operating income was down for the fourth quarter and full year for both SK Enmove’s and S-Oil’s base oil and lubricants businesses, while Hyundai ...