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

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

The amount of base oil exports from South Korea jumped 23% in November, compared to the same month of 2023, but the value of those exports rose only 3 ...

Some base oil grades seem to be experiencing a temporary tightening, leading to buyer anxiety about potential shortages and steeper price ideas, but t ...

In the absence of decisive trading activity, base oil prices were steady with only a couple of grades showing upward revisions given a tight supply an ...

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

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

Some base oil segments continued to see steady demand as uptake from a few downstream applications was fairly brisk while supplies were strained. At t ...

United Kingdom-based additive company Infineum will open an additive blending plant in India next year. The announcement last week points to the lubri ...

Base oil exports from South Korea dipped 3% last month, compared to October of 2023, but the value of those exports fell 26%, reflecting the decline i ...

The pace of business slowed in many Asian countries, as buyers preferred to end the year with lean base oil inventories and suppliers also strove to a ...

Chinese energy company PetroChina will close its Dalian refinery by mid-2025, making it the first state-owned refinery in China to permanently shut do ...

Lingering uncertainties about upcoming demand in downstream segments kept the base oil business somewhat muted in Asia, although some grades seemed to ...

S-Oil blamed a weaker won and tighter refining margins on its third quarter net loss. The same period in 2023 saw brisk business for the South Korean ...

China’s lubricant industry stands to benefit from the government’s economic stimulus pledges aimed at stemming the current economic instability, s ...

Base oil imports to China fell 35% in September, compared to the same month of 2023, as 2024’s demand for foreign base stocks continued running behi ...

Reports suggested that base oil prices continued diverging in Asia. Values for some grades fell on growing supplies, many remained steady on balanced ...

Some buyers and sellers appeared to have adopted a wait-and-see position as uncertainties continued to cloud the price situation in Asia. Crude oil an ...

Aorun is a relative newcomer to the lubricant additives business and is one of several Chinese companies looking to supply high-volume commodities, su ...

Sales of finished lubricants in Japan sank to 128,888 kiloliters in August, the lowest level in 17 months, according to the latest information from th ...