Idemitsu Kosan will permanently close its facility in Tianjin, China, by August 2025, citing weakening demand and rising competition.

Spot prices for some base oil grades were buoyed by a tighter supply and demand scenario, but falling crude oil and feedstock values offset some of th ...

A combination of factors including emergent demand, tightening supplies and upcoming turnarounds have resulted in steeper spot pricing for the high-vi ...

Sinopec has opened a production unit making marine lubricants and hydraulic fluids at its finished lube blending plant in Tianjin, China.

German specialty chemicals company Lanxess opened its new application development center in Thane, India, near Mumbai. The center will develop speci ...

Base oil imports to China fell 12% in 2024, continuing a steady decline in recent years for one of the world’s biggest importers of the material.

Contrasting currents impacted base oil prices in Asia, with tighter supply conditions exerting upward pressure on a few grades and softer feedstock an ...

Several base oil grades were impacted by a tighter supply and demand balance in Asia, which sent prices to higher ground. However, concerns about pote ...

Base oil exports from South Korea dipped half a percentage point in 2024, falling to their lowest level since 2016, according to the latest data from ...

With buyers and suppliers gradually gearing up for heightened activity following the Lunar New Year and other local holidays, business in Asia was exp ...

Weekly base oil exports from Singapore slumped to their lowest in 11 months, while imports surged, according to data complied by the state trade stat ...

On the surface, the base oils market was fairly quiet during the Lunar New Year holidays, but there was underlying tension and uncertainty due to the ...

Base oil prices were generally stable to firm in Asia, although activity was subdued as many participants prepared for the Lunar New Year celebrations ...

Indian Oil Corporation Ltd started the trial run at its new integrated lubricant complex at Manali, Chennai. Once fully up and running, Manali will be ...

Concerns about downstream lubricant market performance, climbing feedstock prices and approaching holidays dampened activity in Asia, although buying ...

Markets in Asia were gradually returning to business and were bracing for the potentially eventful months ahead as United States president-elect Donal ...

Hyundai and Shell Base Oil has pushed up run rates at its API Group II base oil plant in Daesan, Korea.

Shell awaits final approval from the Competition Commission of India before it can buy Raj Petro Specialities Private Ltd. from Brenntag Group.

Base oil and lubricant activity was expected to pick up in Asia over the next few days as participants return to business following year-end festiviti ...

Growth in developing markets and supply chain disruptions have led to the emergence of a new generation of additives suppliers. Trevor Gauntlett expla ...