Asia

Fuchs Lubricants China Ltd. recently signed a strategic cooperation agreement with Anhui Zhongding Intelligent Thermal Management Systems Co. for a lo ...

India’s state-owned oil marketing company Hindustan Petroleum Corp. Ltd. has hired a consultant to advise on a spin-off of its lubricants business t ...

Asia Base Oil Price Report

January 26, 2024

Base oil demand remained generally sluggish in Asia, with suppliers finding difficulties in explaining the reasons for the lack of vitality. Some attr ...

South Korea’s base oil export volume jumped 27% in December, and the declared value of the oils exported was up 29%, according to government data re ...

Sinopec’s finished lubricant arm has completed the main parts of the first phase of an expansion and upgrade of its factory in Tianjin, China – a ...

Uzbekistan’s refiner and base oil marketer Saneg revamped API Group I base oil production at its Fergana refinery with catalysts provided by the Dan ...

Asia Base Oil Price Report

January 19, 2024

Despite expectations that the ongoing transportation disruptions in the Red Sea and delays in the Panama Canal would place upward pressure on base oil ...

Japan’s registrations for sales of new passenger cars, trucks and buses rose 14% in 2023, while registrations for sales of new motorcycles increased ...

Eastern Lubricants Blenders Ltd. reported a steep drop in net profit and an operating loss on a slight decline in sales for the quarter ending Dec. 31 ...

Asia Base Oil Price Report

January 12, 2024

A majority of base oil prices remained under downward pressure given plentiful supplies and sluggish demand, but some grades were tighter, supporting ...

Richful Lube Additive Co. last month announced delays for two major projects – the upgrading of a lubricant additives plant and construction of a ne ...

Chinese lubricants blender Copton Tech Co. reported higher net profit and sales revenue for the quarter ending Sept. 30 last year. A decrease in autom ...

India’s total base oil production capacity is set to jump in the next few years due to expansions by state-owned oil companies, a Hindustan Petroleu ...

Asia Base Oil Price Report

January 5, 2024

While the base oils market entered the New Year on a fairly muted note, several unfortunate incidents took place around the world in the first few of ...

Welcome to Asia Unveiled

January 2, 2024

Asia is an extremely diverse continent and so is the lubricants landscape in the region.

Asia Base Oil Price Report

December 29, 2023

With just a couple of days left before 2023 draws to a close, markets in Asia were understandably quiet, particularly as the New Year’s festivities ...

Finished lubricant production in Japan declined 14%, while domestic sales increased 2% in November, compared to the same month last year, a government ...

PSP Reports Higher Profits

December 29, 2023

Thai independent lubricant manufacturer P.S.P. Specialties Public Co. reported a 24% jump in net profit despite a 7% decrease in sales revenue for the ...

Richful Lube Additive Co. disclosed this week that it received a warning from securities officials who concluded that some funds raised from a 2020 pu ...

Chinese lubricant marketer Lopal Tech Co. reported that increases in the average selling prices by its lubricants segment allowed the unit to overcome ...