Asia

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Weekly Asia Base Oil Price Report

August 4, 2025

Base oil prices were mixed in Asia, with supply and demand factors playing different roles and splitting prices in diffe ...

Chinese Firm to Build Zambia Refinery and Blending Plant

Chinese Firm to Build Zambia Refinery and Blending Plant

July 23, 2025

Zambia has signed a $1.1 billion agreement with China’s Fujian Xiang Xin to build a major oil refinery in Ndola, with ...

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Weekly Asia Base Oil Price Report

July 21, 2025

Once again, base oil spot prices for certain grades strengthened in Asia due to tight supply and demand fundamentals and ...

China EV Market Remains Strong

China EV Market Remains Strong

July 16, 2025

China’s electric vehicle production and sales remain strong, according to an industry expert at a conference in Singap ...

Shell Completes Acquisition of Raj Petro

Shell Completes Acquisition of Raj Petro

July 15, 2025

Shell Lubricants completed its acquisition of Raj Petro Specialities Pvt., taking full ownership of the India-based comp ...

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Weekly Asia Base Oil Price Report

July 14, 2025

The base oils market in Asia showed some pockets of tight supply, which drove spot offers up for some grades, while pric ...

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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 ...