Activity was somewhat subdued in Asian base oil markets, as many uncertainties continued to temper buyers’ enthusiasm. Aside from the upheaval broug ...

Asian base oil markets seemed to be in a holding pattern as economic uncertainties and a tight supply scenario dampened buying interest. Participants ...

Some base oil consumers hit pause in purchasing activities as the month of March ended. There are expectations that additional product would be coming ...

Base oil exports from South Korea are down 6% year-on-year, according to Korea National Oil Corp. Dwindling Chinese demand and tariffs in the United S ...

Base oil activity was generally subdued in Asia, with limited spot supplies and market uncertainties dampening business. Spot availability remained ti ...

Chinese suppliers need to invest in high value-added products to stay competitive, urged former general manager of Sinopec at a recent industry confer ...

Wilting demand for diesel in Europe could persuade refiners to redirect vacuum gas oil to base oil production.

Richful Lube Additive Co. and Farabi Petrochemicals have inked an agreement to build the first full-fledged lubricant additive factory in Saudi Arabia ...

China’s demand for imported API Group II and III base oils remained weak in 2024, speakers said at the Enmore China International Lubrication Indust ...

Base oil buyers appeared more cautious this week as crude oil and feedstock values remained volatile and downstream demand was lackluster due to econo ...

Idemitsu Kosan will permanently close its facility in Tianjin, China, by August 2025, citing weakening demand and rising competition.

Spot prices for some base oil grades were buoyed by a tighter supply and demand scenario, but falling crude oil and feedstock values offset some of th ...

A combination of factors including emergent demand, tightening supplies and upcoming turnarounds have resulted in steeper spot pricing for the high-vi ...

Sinopec has opened a production unit making marine lubricants and hydraulic fluids at its finished lube blending plant in Tianjin, China.

German specialty chemicals company Lanxess opened its new application development center in Thane, India, near Mumbai. The center will develop speci ...

Base oil imports to China fell 12% in 2024, continuing a steady decline in recent years for one of the world’s biggest importers of the material.

Contrasting currents impacted base oil prices in Asia, with tighter supply conditions exerting upward pressure on a few grades and softer feedstock an ...

Several base oil grades were impacted by a tighter supply and demand balance in Asia, which sent prices to higher ground. However, concerns about pote ...

Base oil exports from South Korea dipped half a percentage point in 2024, falling to their lowest level since 2016, according to the latest data from ...

With buyers and suppliers gradually gearing up for heightened activity following the Lunar New Year and other local holidays, business in Asia was exp ...