Asia

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Weekly Asia Base Oil Price Report

January 13, 2025

Markets in Asia were gradually returning to business and were bracing for the potentially eventful months ahead as Unite ...

Group II Run Rates Up at Daesan

Group II Run Rates Up at Daesan

January 8, 2025

Hyundai and Shell Base Oil has pushed up run rates at its API Group II base oil plant in Daesan, Korea.

Shell Aims to Buy Raj Petro Specialities

Shell Aims to Buy Raj Petro Specialities

January 8, 2025

Shell awaits final approval from the Competition Commission of India before it can buy Raj Petro Specialities Private Lt ...

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Weekly Asia Base Oil Price Report

January 6, 2025

Base oil and lubricant activity was expected to pick up in Asia over the next few days as participants return to busines ...

New Additives Suppliers Grow their Niches

New Additives Suppliers Grow their Niches

January 2, 2025

Growth in developing markets and supply chain disruptions have led to the emergence of a new generation of additives sup ...

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Lubes Production and Sales Fell in Japan

January 1, 2025

Japan’s production and sales of finished lubricating oils both fell in November, compared to the same month of last ye ...

Gulf Oil India Partners with Nayara Energy

Gulf Oil India Partners with Nayara Energy

January 1, 2025

Gulf Oil Lubricants India inked a three-year partnership with fuel retailer Nyara Energy to sell its entire automotive p ...

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Weekly Asia Base Oil Price Report

December 30, 2024

As the year closed, market fundamentals appeared stable to soft, depending on the base oil grade and location. In some A ...

Fergana Starts New Refinery Units

Fergana Starts New Refinery Units

December 25, 2024

The Fergana refinery in Uzbekistan will start up a hydrogen generator to supply gas to a hydrocracker currently under co ...

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China Base Oil Imports Sagged in November

December 25, 2024

Base oil imports to China fell 26% in November, compared to the same month of 2023, as this year’s incoming shipments ...

HPCL Pumps Money into Base Oil Production

HPCL Pumps Money into Base Oil Production

December 25, 2024

Hindustan Petroleum Corp. Ltd is investing U.S.$551 million on expanding base stocks production at its Mumbai refinery, ...

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Weekly Asia Base Oil Price Report

December 23, 2024

The festive season dampened market activity, although some players rushed to finalize business before the festivities as ...

South Korea Base Oil Export Volume Jumps

South Korea Base Oil Export Volume Jumps

December 18, 2024

The amount of base oil exports from South Korea jumped 23% in November, compared to the same month of 2023, but the valu ...

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Weekly Asia Base Oil Price Report

December 16, 2024

Some base oil grades seem to be experiencing a temporary tightening, leading to buyer anxiety about potential shortages ...

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Weekly Asia Base Oil Price Report

December 9, 2024

In the absence of decisive trading activity, base oil prices were steady with only a couple of grades showing upward rev ...

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Weekly Asia Base Oil Price Report

December 3, 2024

There has been a general decline in base oil consumption levels as the year-end approaches and downstream lubricant dema ...

Japan Lube Demand Dropped in September

Japan Lube Demand Dropped in September

November 27, 2024

Japan produced 159,864 kL of finished lubricants in September, a 24% drop from the same month of 2023, according to the ...

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Weekly Asia Base Oil Price Report

November 25, 2024

Some base oil segments continued to see steady demand as uptake from a few downstream applications was fairly brisk whil ...