Asia

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 ...

Welcome to Asia Unveiled

January 2, 2024

Asia is an extremely diverse continent and so is the lubricants landscape in the region.

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 ...

PSP Reports Higher Profits

December 29, 2023

Thai independent lubricant manufacturer P.S.P. Specialties Public Co. reported a 24% jump in net profit despite a 7% decrease in sales revenue for the ...

Richful Lube Additive Co. disclosed this week that it received a warning from securities officials who concluded that some funds raised from a 2020 pu ...

Chinese lubricant marketer Lopal Tech Co. reported that increases in the average selling prices by its lubricants segment allowed the unit to overcome ...

Asia Base Oil Price Report

December 22, 2023

Activity was fairly subdued in Asia as the end of the year drew near. Supply levels have grown because demand for most grades has eased, while refiner ...

Saudi Aramco signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd. – a diversified downstream fuels, lubricants ...

A project to upgrade Uzbekistan’s only base oil plant has been delayed and is now scheduled to be completed in 2025, instead of 2024, according to a ...

South Korea’s GS Caltex reported a 52% third quarter drop in operating profit for its lubricants and base oils business, noting a decline in the spr ...

Asia Base Oil Price Report

December 15, 2023

With crude oil values remaining volatile, and base oil demand not showing much improvement, bearish sentiment permeated the base oils market in Asia a ...

South Korea exported 10% less base oil in November than in the same month of last year, and the reported value of the exports fell 24%, according to d ...

Asia Base Oil Price Report

December 8, 2023

Falling crude oil values and ebbing demand were placing downward pressure on base oil prices, with spot indications for a number of grades seeing down ...

China’s government will prohibit the use of short-chain chlorinated paraffins beginning Jan. 1, aligning with numerous other countries that have out ...

Blender Hi-Tech Lubricants reported strong rebounds in net profit and operating profit for its lubricants segment in the quarter ended Sept. 30, while ...

Asia Base Oil Price Report

December 1, 2023

The pace was more sedate in Asian base oil markets, entering the last month of the year. Spot prices for some grades came under pressure on fizzling d ...

Crude oil price volatility, inflation and global uncertainties were among the factors cited by India lubricant companies for the quarter ended Sept. 3 ...

Citing opportunity in the booming electric vehicle market, Belgium-based Arteco announced recently that it is building a factory to produce coolants a ...