Korea, Republic Of

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Gulf Makes Lubes for S-Oil

Lube Report Asia - October 2, 2020

Gulf Oil Lubricants International Ltd. has agreed to manufacture and market S-Oil lubricants in India – a deal that wi ...

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SK Explores Sale of SK Lubricants

Lube Report Asia - August 21, 2020

South Korean conglomerate SK Innovation announced last week that it hired Citigroup Global Markets to help it explore th ...

Profits Up for GS Caltex, Hyundai Shell Base Oil

Profits Up for GS Caltex, Hyundai Shell Base Oil

Lube Report Asia - August 14, 2020

Base Oil refiners GS Caltex and Hyundai Shell Base Oil both posted increases in operating profit and drops in sales for ...

Recovering Fishing Vessel Waste Oil

Recovering Fishing Vessel Waste Oil

Lube Report Asia - August 7, 2020

A city on South Korea’s Jeju Island says a project that recovers waste lubricants generated by fishing vessels is help ...

SK’s Q2 Profits, Sales Fall

SK’s Q2 Profits, Sales Fall

Lube Report Asia - July 31, 2020

SK Lubricants posted steep decreases in operating profit and sales for the second quarter, according to an earnings repo ...

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S-Oil Earnings Jumped

Lube Report Asia - July 24, 2020

South Korean refiner S-Oil reported that its base oil business posted a strong increase in operating income and a drop i ...

South Korean Exports Fell in Q1

South Korean Exports Fell in Q1

Lube Report Asia - June 3, 2020

South Korean base oil exports fell 13 percent to 1.4 million tons in the first quarter this year, down from 1.6 million ...

Profits Up for GS Caltex, Down for KH Neochem

Profits Up for GS Caltex, Down for KH Neochem

Lube Report Asia - May 15, 2020

GS Caltex reported increased operating profit for its base oil and lubricant business, and KH Neochem Co. poster lower o ...

Mixed Q1 for South Korean Companies

Mixed Q1 for South Korean Companies

Lube Report Asia - May 4, 2020

Among South Korea’s large base oil refiners, S-Oil and Hyundai Shell Base Oil both posted large increases in operating ...

South Korean Lube Demand Hits 10-year Low

South Korean Lube Demand Hits 10-year Low

Lube Report Asia - February 21, 2020

South Korea lubricant consumption fell to a 10-year low of 990,455 kiloliters (889,627 metric tons) in 2019, the Korea L ...

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Tough 2019 for Korean, Most Indian Companies

Lube Report Asia - February 7, 2020

South Koreas major base oil refiners - SK Lubricants, S-Oil, GS Caltex, and Hyundai Shell Base Oil - each reported steep ...

Nicca Adds Fluorine Plant in South Korea

Nicca Adds Fluorine Plant in South Korea

Lube Report Asia - November 8, 2019

Nicca Chemical plans to re-enter the lubricant market with the completion of its new fluorine plant in South Korea, incr ...

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Q3 Earnings Mixed in South Korea, Sri Lanka

Lube Report Asia - November 1, 2019

S-Oil reported increased operating income for its base oil business, while SK Lubricants and Hyundai Shell Base Oil Co. ...

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Taking Advantage of Crude Price Volatility

Lube Report Asia - August 2, 2019

A consultant told an industry conference in Mumbai, India, Wednesday that lubricant companies can benefit from crude oil ...

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Tough Quarter for Korean, Pakistani Companies

Lube Report Asia - May 3, 2019

South Korean base oil refiners SK Lubricants, S-Oil and Hyundai Shell Base Oil Co. each reported a steep decline in oper ...

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Tough 2018 for Korean Base Oil Refiners

Lube Report Asia - February 15, 2019

South Koreas four major base oil refiners - SK Lubricants, S-Oil, GS Caltex and Hyundai Shell Base Oil - each reported a ...