Market Topics

Conoil Profits Take a Dive

Conoil Profits Take a Dive

Lube Report EMEA - January 31, 2023

Nigerian lubricants blender and marketer Conoil reported 63% less gross profit for the fourth quarter of 2022 and a 57% ...

BP Forecasts Huge Jump in Electric Vehicles

BP Forecasts Huge Jump in Electric Vehicles

Lube Report EMEA - January 31, 2023

The share of electric vehicles in the global vehicle parc could rise to 30-35% by 2035 and 80% by 2050 according to BP f ...

Malaysia Revises Engine Oil Standards

Malaysia Revises Engine Oil Standards

Lube Report Asia - January 27, 2023

Malaysia will be revising its engine oil standards to include American Petroleum Institute performance specifications an ...

Thailand Picked for Biobased Acids Plant

Thailand Picked for Biobased Acids Plant

Lube Report Asia - January 27, 2023

French biochemical company Afyren and Thai sugar producer Mitr Phol Group will partner to establish a biorefinery in Tha ...

Additive

Asia Base Oil Price Report

Lube Report BOR Asia - January 27, 2023

The celebration of the Lunar New Year dampened industry activity in several Asian nations this week, with trading in the ...

China’s Vehicle Registrations Slip in 2022

China’s Vehicle Registrations Slip in 2022

Lube Report Asia - January 27, 2023

China’s new motor vehicle registrations – including cars, trucks and motorcycles – declined 5% to 34.8 million in ...

Ford Cuts Jobs to Focus on Electric Vehicles

Ford Cuts Jobs to Focus on Electric Vehicles

Electric Vehicles InSite - January 25, 2023

Ford Motor Co. will ax 3,200 jobs mostly in Germany, as the company shifts its focus toward electric vehicle production.

Aramco Subsidiary Absorbs Motiva Trading

Aramco Subsidiary Absorbs Motiva Trading

Lube Report Americas - January 25, 2023

Saudi Aramco announced Jan. 18 that Houston-based Aramco Trading Americas LLC will be the sole supplier and “offtaker ...

U.S. Auto Sales Slip in 2022

U.S. Auto Sales Slip in 2022

Lube Report Americas - January 25, 2023

Auto sales in the United States declined 8% to 13.7 million units in 2022, the lowest full-year sales total since 2011, ...

Additive

U.S. Base Oil Price Report

Lube Report BOR Americas - January 25, 2023

The posted price decreases implemented earlier this month seemed to have elicited the response that suppliers had hoped ...

U.S., Canada Want in on Mexican Lithium

U.S., Canada Want in on Mexican Lithium

Lube Report Americas - January 25, 2023

Leaders of Mexico, the United States and Canada all have called for private businesses from the latter two companies to ...

Liqui Moly Sales Up for 2022

Liqui Moly Sales Up for 2022

Lube Report EMEA - January 24, 2023

German lubricants and aftermarket additive manufacturer Liqui Moly reported that its sales revenue rose 10% in 2022 to ...

Turkish Lube Consumption Up 14% in 2021

Turkish Lube Consumption Up 14% in 2021

Lube Report EMEA - January 24, 2023

Lubricant consumption in Turkey increased 14% in 2021 as the country’s economy rebounded from early impacts of the COV ...

New Price Caps Planned for Russian Products

New Price Caps Planned for Russian Products

Lube Report EMEA - January 24, 2023

A coalition of the G-7 group of leading industrial nations, Australia and the European Union agreed Friday to introduce ...

Additive

EMEA Base Oil Price Report

Lube Report BOR EMEA - January 24, 2023

The outlook for base oil markets is cloudy at the moment due to several uncertainties as the industry approaches what is ...

South Korea Base Oil Exports Decline

South Korea Base Oil Exports Decline

Lube Report Asia - January 20, 2023

South Korea base oil exports volume fell 27%, and the declared value of the exported base oil declined 19% in December, ...

Japan Vehicle Sales Decline in 2022

Japan Vehicle Sales Decline in 2022

Lube Report Asia - January 20, 2023

Total domestic vehicle sales in Japan decreased slightly, and passenger car sales slipped 8% in 2022, according to data ...

Additive

Asia Base Oil Price Report

Lube Report BOR Asia - January 20, 2023

The base oils market in Asia has yet to show definitive trends, as activity has not changed significantly since the begi ...