Asia

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Saneg Targets Group I to Europe

June 11, 2024

Uzbekistan’s Saneg said it aims to increase its base oil sales by directly targeting the European market, asserting it ...

Profits Rise for MJL Bangladesh

Profits Rise for MJL Bangladesh

June 7, 2024

MJL Bangladesh Plc reported increased net profit, Eastern Lubricants Blenders Ltd. posted decreased profits and Lub-rref ...

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China, Taiwan Lock Horns Over Tariffs

June 7, 2024

In a growing trade dispute, China’s government announced last week that it will suspend tariff concessions on imports ...

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Tide Water to Close German Unit

June 4, 2024

Tide Water Oil Co. (India) Ltd., owner of the Veedol brand, recently announced it will close its German subsidiary due t ...

Profits Up at Gulf, Castrol India, Balmer

Profits Up at Gulf, Castrol India, Balmer

May 31, 2024

Gulf Oil Lubricants India Ltd. reported strong increases in net profit for the quarter ended March 31 and its fiscal yea ...

Eneos Pilot Plant Makes Rerefined Oil

Eneos Pilot Plant Makes Rerefined Oil

May 31, 2024

Eneos announced on Wednesday that it has produced rerefined base oil  in a demonstration project, as part of its work i ...

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State-owned Company Buys Sapref

May 28, 2024

South Africa’s Central Energy Fund SOC has finalized an agreement to buy the Sapref oil refinery in Durban, from Shell ...

Profit Up at PSP, Down at Lanka IOC

Profit Up at PSP, Down at Lanka IOC

May 24, 2024

Independent Thai lubricant maker P.S.P. Specialties Public Co. reported hefty increases in net profit and sales revenue ...

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Kluber Expands India Lubes Plant

May 24, 2024

Kluber Lubrication announced it will expand its factory in Mysore, India, to increase the amount of specialty lubricants ...

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Oronite to Boost China Output

May 24, 2024

Chevron Oronite announced Wednesday its final investment decision to expand its lubricant additive facility in Ningbo, i ...

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Caspian to Build Rerefinery Near Baku

May 21, 2024

Bulgaria’s Caspian Lubricants Recycling announced plans to invest in a new base oil rerefinery near Baku, Azerbaijan, ...

Profits Up for Yushiro, KH Neochem

Profits Up for Yushiro, KH Neochem

May 17, 2024

Yushiro Chemical reported increased fiscal-year net profit and sales for the quarter ended March 31, while specialty che ...

South Korea Base Oil Exports Fall

South Korea Base Oil Exports Fall

May 17, 2024

South Korea exported 19% less base oil at a 32% drop in reported value in April, according to data released earlier this ...

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Base Oil Output, Demand Rise in India

May 17, 2024

Refiners in India increased base oil production by 8% for the fiscal year ended March 31, leaning on a recent expansion ...

Profits Decline for GS Caltex, Thai Oil

Profits Decline for GS Caltex, Thai Oil

May 10, 2024

South Korea’s GS Caltex’s base oils and lubricants division reported a small decrease in operating profit for the fi ...

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Mitsubishi, Denka Form Fullerenes JV

May 3, 2024

Chemical maker Denka Co. has agreed to by a 50% stake of Mitsubishi Chemical’s Frontier Carbon Corp., forming a joint ...

Profits Down for SK Enmove, S-Oil

Profits Down for SK Enmove, S-Oil

May 3, 2024

The base oil and finished lubricant businesses of SK Enmove and S-Oil both reported declines in profits for the quarter ...

Japan’s Lube Production Slips

Japan’s Lube Production Slips

May 3, 2024

Finished lubricant production in Japan fell 22%, and domestic lubricant sales declined 13% in March, according to data r ...