Korea, Republic Of

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Base Oils Not Affected by S-Oil Explosion

Lube Report Asia - May 20, 2022

One person died and nine were injured Thursday night in an explosion at S-Oil’s refinery in Onsan, South Korea. The in ...

Mixed Results for Korean Base Oil Refiners

Mixed Results for Korean Base Oil Refiners

Lube Report Asia - May 6, 2022

S-Oil reported a slight increase in profits for its base oil and lubricants business for the quarter ending March 31, wh ...

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Earnings Keep Rising for SK

Lube Report Asia - April 29, 2022

SK Lubricants posted a 54% year-to-year increase in operating profit for the quarter ended March 31, according to result ...

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South Korea Base Oil Exports Slip

Lube Report Asia - April 15, 2022

South Korea’s base oil export volume for March was down 2% year to year, after being flat for two consecutive months, ...

South Korean Demand Rebounds

South Korean Demand Rebounds

Lube Report Asia - April 1, 2022

South Korea’s consumption of finished lubricants rose 5% in last year to 986,000 kiloliters, recovering from the impac ...

South Korea Base Oil Exports Stay Flat

South Korea Base Oil Exports Stay Flat

Lube Report Asia - March 25, 2022

South Korea’s base oil export volumes remained flat in February for the second consecutive month, compared to the same ...

Korea Base Oil Exports Flat in January

Korea Base Oil Exports Flat in January

Lube Report Asia - February 25, 2022

South Korea’s base oil exports were virtually flat in January, compared to the same month last year, according to data ...

Profits Surge at Hyundai Shell, GS Caltex

Profits Surge at Hyundai Shell, GS Caltex

Lube Report Asia - February 18, 2022

South Korea’s Hyundai Shell Base Oil and the GS Caltex base oil and lubricant business both reported much higher opera ...

Profits Up at SK, S-Oil, Lanka IOC

Profits Up at SK, S-Oil, Lanka IOC

Lube Report Asia - February 4, 2022

South Korean base oil refiners SK Lubricants and S-Oil reported strong increases in profit for the quarter ending Dec. 3 ...

Korea Base Oils Finish Strong Year

Korea Base Oils Finish Strong Year

Lube Report Asia - January 21, 2022

South Korea exported more than 400,000 metric tons of base oil at a value of more than $425 million in December, marking ...

Korea Base Oils Remain on Rise

Korea Base Oils Remain on Rise

Lube Report Asia - December 24, 2021

South Korea’s base oil export volume for November was well above the same month last year. Monthly exports again toppe ...

Korea Base Oils Continue Upward Trend

Korea Base Oils Continue Upward Trend

Lube Report Asia - November 19, 2021

South Korea again exported a larger volume of base oils and more than doubled its declared export value in October, comp ...

Korean, Thai Firms Post Strong Results

Korean, Thai Firms Post Strong Results

Lube Report Asia - November 12, 2021

South Korea’s Hyundai Shell Base Oil, the GS Caltex lube division and Thai Oil’s lube base oil business all reported ...

Profits Up for SK, S-Oil, Hi-Tech

Profits Up for SK, S-Oil, Hi-Tech

Lube Report Asia - October 29, 2021

S-Oil reported much higher operating income for its base oil business, SK Lubricants posted a large jump in operating pr ...

Korea Base Oils Stay Strong

Korea Base Oils Stay Strong

Lube Report Asia - October 22, 2021

South Korea exported a larger volume of base oils and more than doubled its declared export value in September, compared ...

DL Chemical to Acquire Kraton

DL Chemical to Acquire Kraton

Lube Report Americas - September 29, 2021

South Korean-based DL Chemical Co. Ltd. will acquire Houston-based Kraton Corp. for $2.5 billion in cash under a definit ...

Value of Korean Base Oils Stays High

Value of Korean Base Oils Stays High

Lube Report Asia - September 24, 2021

South Korea exported a smaller volume of base oils but with a higher declared export value in August, compared to the sa ...