Market Topics

EMEA Base Oil Price Report

January 9, 2024

European, Middle Eastern and African base oil markets are gradually returning to everyday business as players head back to desks following the winter ...

Egyptian researchers reported developing a grease made with base stock from the jojoba plant and nano chemical additives from banana peel waste. Jojob ...

Nynas AB has entered a partnership with waste management firm Stena Recycling to collect, process and reuse used electrical transformer fluid. Under t ...

The January issue explores some of the most prominent trends affecting the lubricants industry. Discover how the rise of electric vehicles will alter ...

Russia – the largest country in the world, spanning two continents and 11 time zones – consumes a range of motor oil viscosity grades, although 5W ...

Global EV Sales Trends

January 5, 2024

Through COVID, conflicts and chip shortages, global EV sales trends have followed an upward path.

Vietnam this week enacted an extended producer responsibility law requiring suppliers of lubricants and other materials to take steps to recycle them. ...

Chinese lubricants blender Copton Tech Co. reported higher net profit and sales revenue for the quarter ending Sept. 30 last year. A decrease in autom ...

India’s total base oil production capacity is set to jump in the next few years due to expansions by state-owned oil companies, a Hindustan Petroleu ...

Asia Base Oil Price Report

January 5, 2024

While the base oils market entered the New Year on a fairly muted note, several unfortunate incidents took place around the world in the first few of ...

Base oil production in the United States was flat in October, with a 1% increase in paraffinic production offset by a 9% decline in naphthenic product ...

U.S. Base Oil Price Report

January 3, 2024

The first week of the new year ushered in fresh posted price decreases, with SK Enmove announcing that it would be lowering its Group II+ and API Grou ...

Vibra Energia, one of Brazil’s largest lubricant suppliers, recently rejected a merger offer from Eneva, calling the proposal insufficient. But Vibr ...

Brazil imported 26% more base oil and exported 8% less base oil in November than in the same month last year, according to data released Dec. 29 by a ...

EMEA Base Oil Price Report

January 2, 2024

Base oil markets remain very quiet, but activity could pick up this week as many players come back into circulation. The exception is that anyone invo ...

Germany's finished lubricants demand, including process oils, declined 11% in October, as a year-long trend of falling consumption continued, with the ...

Russian lubricant maker VMPAvto, recently opened a small factory in Saint Petersburg’s heavily industrialized Kirovsky district, which has port acce ...

Neste announced it will convert its Porvoo, Finland, crude oil refinery to process renewable feedstocks, but that change will not affect the site’s ...

Asia Base Oil Price Report

December 29, 2023

With just a couple of days left before 2023 draws to a close, markets in Asia were understandably quiet, particularly as the New Year’s festivities ...

Finished lubricant production in Japan declined 14%, while domestic sales increased 2% in November, compared to the same month last year, a government ...