Asia

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Weekly Asia Base Oil Price Report

July 7, 2025

With crude oil prices retreating to what they were before the recent Israel-Iran conflict, base oil marketeers appeared ...

SK Innovation Drops Lube Division IPO Again

SK Innovation Drops Lube Division IPO Again

July 2, 2025

SK Group halted plans to spin off SK Enmove Co., its lubricant manufacturing business, from SK Innovation.

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Weekly Asia Base Oil Report

June 30, 2025

Base oil buyers and sellers have taken a step back from negotiations on lingering concerns about whether the war between ...

HD Hyundai Shell Base Oil Moving into Group III

HD Hyundai Shell Base Oil Moving into Group III

June 25, 2025

HD Hyundai Shell Base Oil, a joint venture between HD Hyundai Oilbank and Shell, plans to expand its Daesan facility to ...

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Weekly Asia Base Oil Price Report

June 23, 2025

Geopolitical risks and other market uncertainties such as potential shipment disruptions have bubbled up, leading to upw ...

BPCL Tenders for New Lube Units at Bina Refinery

BPCL Tenders for New Lube Units at Bina Refinery

June 18, 2025

Bharat Petroleum Corp. Ltd. intends to install a base oil unit and a finished lubricant blending plant at its refinery ...

Base Oil Capacity Expansion Slows in China

Base Oil Capacity Expansion Slows in China

June 17, 2025

Overcapacity and weak demand are putting the brakes on China's domestic base oil capacity buildup. according to a Chines ...

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Weekly Asia Base Oil Price Report

June 16, 2025

Volatile crude oil prices introduced uncertainty into base oil markets in Asia and partly offset the downward pressure e ...

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Weekly Asia Base Oil Price Report

June 9, 2025

Base oil prices were generally stable to slightly higher in Asia, with supply and demand attaining a more balanced ratio ...

Reality Check for China’s Additive Self-reliance

Reality Check for China’s Additive Self-reliance

June 9, 2025

The trade war between China and the United States emphasized the need for a highly controlled domestic supply chain acro ...

Zeller+Gmelin Opens Lube Plant in China

Zeller+Gmelin Opens Lube Plant in China

June 3, 2025

Zeller+Gmelin, a chemical company based in Germany, has opened a lubricant production facility in Huzhou, China, as part ...

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Weekly Asia Base Oil Price Report

June 2, 2025

The Asian base oils market has entered a more restrained demand period because of seasonal events such as the monsoons i ...

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Weekly Asia Base Oil Price Report

May 26, 2025

Base oil prices were mixed because of slowing demand from some segments – a trend that was partly offset by curtailed ...

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Weekly Asia Base Oil Price Report

May 19, 2025

The price of some base oil grades was firm in Asia because of tight supply and demand conditions, while others were stan ...

China Base Oil Imports Dip in First Quarter

China Base Oil Imports Dip in First Quarter

May 14, 2025

Base oil imports to China sank further during the first quarter of the year, falling 20% from the same period of last ye ...

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Weekly Asia Base Oil Price Report

May 12, 2025

The return of market players following national holidays in several countries spurred slightly increased activity, altho ...

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Weekly Asia Base Oil Price Report

May 5, 2025

Base oil prices were mostly steady-to-firm in Asia on persistently tight supply of some grades given a string of plant t ...