Consumption of finished lubricants in Japan rose 13%, while the country’s lubricants production declined 9%, and lubricant exports tumbled 20% in Ma ...

Chinese lubricants blender Qingdao Copton Tech Co. reported a 12% increase in first quarter net profit, compared to the same period of 2022, and a 68% ...

Base oil prices in Asia continued to be exposed to downward pressure due to declining demand and lengthening supply, with macroeconomic factors and vo ...

Lanka IOC reported a hefty jump in operating profit for its fiscal year ending March 31, boosted by commissioning Sri Lanka’s first local grease pla ...

South Korea exported 12% less base oil in May – for its lowest volume since the end of last year – and its reported value declined by 16%, accordi ...

Ample supply and slowing demand continued to place downward pressure on base oil spot prices in Asia. Seasonal patterns, along with macroeconomic unce ...

Use of lithium soap grease thickeners dropped significantly in China and South Asia in 2022, according to the latest version of the National Lubricati ...

Indian Oil Corp. Ltd.’s expansion of its Haldia base oil plant is on track to be completed by the end of this year – a year later than originally ...

A rebound in base oil sales helped Eastern Lubricants Blenders achieve massive improvements in profit and revenue for the quarter ended March 31, whil ...

Petronas Chemicals Group Bhd. is buying a maleic anhydride plant from its Malaysian joint venture with BASF and plans to upgrade the facility to produ ...

Many buyers in Asia adopted a wait-and-see attitude at the first signs that spot prices were starting to come down, and this has exacerbated the seaso ...

Base oil price margins that were far greater than a year earlier yielded hefty increases in first quarter operating profits for Hyundai Shell Base Oil ...

Spot base oil prices in Asia continued to face downward pressure on weaker demand and ample supplies, although ongoing and imminent turnarounds may li ...

Indian Oil Corp. Ltd. and Nepal’s Golchha Group signed a joint venture agreement to manufacture lubricants in the Himilayan country to cater to the ...

Japan’s lubricants production volume declined 16%, and its domestic lubricants sales volume dropped 46% in April, compared to volumes in the same mo ...

Adverse trends in supply chain and sales, including unstable base oil prices and rupee depreciation, were among market factors cited by Indian compani ...

India rerefiner IFP Petro Products announced last week that it has entered a partnership with Germany-based Avista Oil AG to expand its rerefining and ...

Slowing demand has started to exert downward pressure on base oil prices in Asia, but this trend may be offset by ongoing and upcoming turnarounds, wh ...

Georgia imported almost 7,000 metric tons of finished lubricants from January through April of this year, up 7% compared to the same period in 2022, a ...

Yushiro Chemical reported that its net profit more than tripled for the fiscal year ended March 31, boosted by strong performance in Japan and the Ame ...