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Base Oils Not Affected by S-Oil Explosion

Lube Report Asia - May 20, 2022

One person died and nine were injured Thursday night in an explosion at S-Oil’s refinery in Onsan, South Korea. The in ...

Valvoline Eyes Growth in Industrial Oils

Valvoline Eyes Growth in Industrial Oils

Lube Report EMEA - November 17, 2020

Custom Content – Within the space of just three years, Valvoline Europe has significantly grown its industrial lubrica ...

Petronas to Acquire Perstorp

Petronas to Acquire Perstorp

Lube Report Asia - May 20, 2022

Malaysia’s Petronas Chemicals Group Berhad announced Tuesday it will acquire Sweden-based specialty chemicals company ...

Moove Posts Higher Profits

Moove Posts Higher Profits

Lube Report Americas - May 18, 2022

Moove, Brazil-based Cosan’s lubricants arm, reported higher profits and revenue despite lower sales volume in the firs ...

Shell Sells Russia Business to Lukoil

Shell Sells Russia Business to Lukoil

Lube Report EMEA - May 17, 2022

Oil giant Shell signed an agreement to sell its retail and lubricant businesses in Russia to privately owned Lukoil, the ...

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Evonik to Shed Performance Materials

Lube Report EMEA - May 17, 2022

Evonik announced last week that it will exit its Performance Materials business unit, which supplies some intermediate c ...

ACEA Updates Heavy-duty Sequences

ACEA Updates Heavy-duty Sequences

Lube Report EMEA - May 17, 2022

The European Automobile Manufacturers Association published this month an update to its ACEA Engine Oil Sequences for he ...

China Drafts Heavy-duty Gas Engine Oil Spec

China Drafts Heavy-duty Gas Engine Oil Spec

Lube Report Asia - May 13, 2022

A draft standard for lubricants for heavy-duty engines running on natural gas has cleared the project review stage and b ...

Brazil Base Oils Dipped in March

Brazil Base Oils Dipped in March

Lube Report Americas - May 11, 2022

Brazil’s base oil output – mostly API Group I oils – declined 6% to 44,000 metric tons in March, while base oil im ...

Shell in Talks to Sell Torzhok Plant

Shell in Talks to Sell Torzhok Plant

Lube Report EMEA - May 10, 2022

Shell is negotiating with an unidentified party to sell its lubricant blending plant in Torzhok, Russia, along with its ...

EU to Embargo Russian Oil, Petrochemicals

EU to Embargo Russian Oil, Petrochemicals

Lube Report EMEA - May 10, 2022

The European Union announced last week firm plans to impose an embargo on Russian oil and refined products, including ba ...

Mixed Results for Korean Base Oil Refiners

Mixed Results for Korean Base Oil Refiners

Lube Report Asia - May 6, 2022

S-Oil reported a slight increase in profits for its base oil and lubricants business for the quarter ending March 31, wh ...

Blenders Grapple with China’s Lockdowns

Blenders Grapple with China’s Lockdowns

Lube Report Asia - May 6, 2022

Companies in China’s lubricant industry are striving to continue delivering products to clients during stringent gover ...

Japan’s Lube Production, Exports Steady

Japan’s Lube Production, Exports Steady

Lube Report Asia - May 6, 2022

Japan’s production and exports of lubricants both remained steady throughout the first quarter of this year, while dom ...

U.S. Base Oil Output Up in February

U.S. Base Oil Output Up in February

Lube Report Americas - May 4, 2022

Base oil production in the United States rose by 34% in February, compared to the same month last year, a U.S. governmen ...

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Raizen Closes on Shell Brazil Purchase

Lube Report Americas - May 4, 2022

Brazilian energy company Raizen said last week that it completed its acquisition of Shell’s lubricant business in Braz ...

Profits Down, Sales Up for Fuchs

Profits Down, Sales Up for Fuchs

Lube Report EMEA - May 3, 2022

German lubricant maker Fuchs Petrolub SE posted a first-quarter 6% decline in earnings after tax and a 16% increase in s ...