Korea, Republic Of

SK, Dell, GRC Link for Liquid Immersion Cooling

SK, Dell, GRC Link for Liquid Immersion Cooling

Lube Report Americas - August 23, 2023

SK Enmove today announced a memorandum of understanding with computer maker Dell Technologies and United States-based GR ...

Luroda Buys Out GS Caltex for Tianjin Plant

Luroda Buys Out GS Caltex for Tianjin Plant

Lube Report Asia - August 18, 2023

Chinese lubricant manufacturer Luroda recently acquired GS Caltex’s 65% share in their joint venture blending plant in ...

South Korea Base Oil Exports Plummet

South Korea Base Oil Exports Plummet

Lube Report Asia - August 18, 2023

South Korea exported 34% less base oil in July, and the reported value plunged 48%, compared to the same month last year ...

Hyundai Shell Posts Big Earnings Jump

Hyundai Shell Posts Big Earnings Jump

Lube Report Asia - August 4, 2023

SK Enmove’s base oils and lubricants business and S-Oils base oils and lubricants business both achieved slightly high ...

South Korean Base Oil Exports Down in June

South Korean Base Oil Exports Down in June

Lube Report Asia - July 21, 2023

South Korea exported 5% less base oil than in the same month of last year, and the reported value of those exports dropp ...

South Korea Base Oil Exports Dropped in May

South Korea Base Oil Exports Dropped in May

Lube Report Asia - June 23, 2023

South Korea exported 12% less base oil in May – for its lowest volume since the end of last year – and its reported ...

Profits Surge for Hyundai Shell Base Oil, Thai Oil

Profits Surge for Hyundai Shell Base Oil, Thai Oil

Lube Report Asia - June 9, 2023

Base oil price margins that were far greater than a year earlier yielded hefty increases in first quarter operating prof ...

South Korea Base Oil Exports Rose in April

South Korea Base Oil Exports Rose in April

Lube Report Asia - May 19, 2023

South Korea exported 13% more base oil at a 10% higher declared value in April, compared to the same month last year, po ...

Earnings Up at SK and GS Caltex, Flat at S-Oil

Earnings Up at SK and GS Caltex, Flat at S-Oil

Lube Report Asia - May 12, 2023

First quarter operating profits for SK Enmove and GS Caltex’s base oils and lubricants division jumped 22% and 77% com ...

Michang Reports Lower Earnings

Michang Reports Lower Earnings

Lube Report Asia - April 21, 2023

South Korean lubricants blender Michang Oil reported a 2% decline in net profit and a 1% decrease in sales for the fourt ...

South Korea Base Oil Export Volume Falls

South Korea Base Oil Export Volume Falls

Lube Report Asia - April 21, 2023

South Korea exported 1% less base oil, and the declared export value was up 6% in March, compared to the same month last ...

South Korean Base Oil Exports Jumped in February

South Korean Base Oil Exports Jumped in February

Lube Report Asia - March 17, 2023

South Korea exported 29% more base oil in February, and the recorded value of those shipments jumped 36%, compared to re ...

South Korea Base Oil Exports Decline

South Korea Base Oil Exports Decline

Lube Report Asia - February 17, 2023

South Korean base oil export volumes decreased 1%, and the value of the base oil exported decreased 5% in January, compa ...

Profits Down for GS Caltex, Thai Oil in 2022

Profits Down for GS Caltex, Thai Oil in 2022

Lube Report Asia - February 17, 2023

South Korea’s GS Caltex reported increased operating profit for its base oil and lubricants business in the fourth qua ...

Earnings Jump for SK, Plunge for Hyundai Shell

Earnings Jump for SK, Plunge for Hyundai Shell

Lube Report Asia - February 10, 2023

SK Innovation’s base oils and lubricants business posted a large increase in operating profit for the full year but fl ...

S-Oil Profits Rose in Fourth Quarter, 2022

S-Oil Profits Rose in Fourth Quarter, 2022

Lube Report Asia - February 3, 2023

The base oil and lubricants business of S-Oil reported a 23% increase in operating profit for the quarter ending Dec. 31 ...

South Korea Base Oil Exports Decline

South Korea Base Oil Exports Decline

Lube Report Asia - January 20, 2023

South Korea base oil exports volume fell 27%, and the declared value of the exported base oil declined 19% in December, ...

Profits Down for Korean Blender Michang

Profits Down for Korean Blender Michang

Lube Report Asia - January 6, 2023

South Korean lubricants blender Michang Oil Ind. Co. Ltd. reported a 45% drop in net profit and a 4% increase in sales f ...