Region

Richful Lube Additives Sales Decline

Richful Lube Additives Sales Decline

Lube Report Asia - April 5, 2024

Richful Lube Additives reported last week that its lubricant additives sales revenue decreased in 2023, while its overal ...

CNOOC to Add Blending Plant in Taizhou

CNOOC to Add Blending Plant in Taizhou

Lube Report Asia - April 5, 2024

China National Offshore Oil & Gas signed an agreement last month to build a large blending plant in Taizhou, Jiangsu ...

Additive

Brazil Base Oil Imports Up in February

Lube Report Americas - April 3, 2024

Brazil’s base oil imports and exports both rose by double-digit percentages in February, according to data released la ...

Higher Sales Power Moove Earnings

Higher Sales Power Moove Earnings

Lube Report Americas - April 3, 2024

Moove achieved large increases in profits and combined lubricants and base oil sales volume for both full year 2023 and ...

Additive

U.S. Naphthenic Output Tanked in January

Lube Report Americas - April 3, 2024

Base oil production in the United States decreased 8% in January, while naphthenic base oil output sank 24% to its lowes ...

Modrica Loss Worsened in 2023

Modrica Loss Worsened in 2023

Lube Report EMEA - April 2, 2024

Rafinerija Ulja Modrica, Bosnia and Herzegovina’s leading base oils and lubricants manufacturer, reported a loss of 2 ...

Apar Forms Saudi Arabia Subsidiary

Apar Forms Saudi Arabia Subsidiary

Lube Report EMEA - April 2, 2024

The board of directors of Apar Industries Ltd. approved establishment of a wholly owned subsidiary in Saudi Arabia to pr ...

Investment Firm Ups Stake in Prista

Investment Firm Ups Stake in Prista

Lube Report EMEA - April 2, 2024

Bulgarian investment company Alpha Bulgaria Fund recently announced its intention to purchase up to 200,000 shares in Pr ...

Fortune Favors the Diversified: Alt-Asia’s Rise

Fortune Favors the Diversified: Alt-Asia’s Rise

Lubes'n'Greases - April 1, 2024

Asian countries outside of China are becoming increasingly appealing to lubricant companies looking to diversify their s ...

Rerefining On the Rise in China

Rerefining On the Rise in China

Lube Report Asia - March 29, 2024

China’s plan to encourage manufacturers in key industries to replace old equipment could lead to more rerefined base o ...

Japan’s Lube Production Declines

Japan’s Lube Production Declines

Lube Report Asia - March 29, 2024

Japan’s finished lubricant production decreased 5% in February, while domestic lubricant sales surged 28%, according t ...

Yip’s Lube Profits Rebounded in 2023

Yip’s Lube Profits Rebounded in 2023

Lube Report Asia - March 29, 2024

Yip’s Chemicals Holdings Ltd. reported that its lubricants business rebounded with an operating profit in 2023 – aft ...

Profits Soar for Terpel

Profits Soar for Terpel

Lube Report Americas - March 27, 2024

Colombian oil and gas company Terpel reported large increases in gross profit for its lubricants segment both for 2023 a ...

Georgia Lube Imports Rose in 2023

Georgia Lube Imports Rose in 2023

Lube Report EMEA - March 26, 2024

Lubricant imports stagnated in Georgia in 2023, according to data published by the Union of Oil Products Importers, a tr ...

Drone Attacks Target Rosneft Refinery

Drone Attacks Target Rosneft Refinery

Lube Report EMEA - March 26, 2024

Rosneft’s refinery in Novokuybyshevsk, Russia, was targeted by Ukrainian drone strikes twice last week, the latest in ...

Germany Ends Down Year on Up Beat

Germany Ends Down Year on Up Beat

Lube Report EMEA - March 26, 2024

Although Germany’s domestic lubricant sales, including process oils, declined 12% in 2023, its 5% increase in December ...

Michang Posted Higher Profit in 2023

Michang Posted Higher Profit in 2023

Lube Report Asia - March 22, 2024

South Korean lubricants blender Michang Petroleum reported a 138% jump in net profit in 2023, despite a slight decrease ...

Grease Plant Construction Starts in Vietnam

Grease Plant Construction Starts in Vietnam

Lube Report Asia - March 22, 2024

Vietnamese Top Solutions Joint Stock Co. has begun constructing a new grease plant in Phuoc Nam Industrial Park. The gre ...