Asia

South Korea Base Oil Exports Jumped in October

South Korea Base Oil Exports Jumped in October

November 17, 2023

South Korea base oil exports rose 23% in volume and by 25% in declared value in October, according to data released this ...

South Korea Market Forecast to Barely Grow

South Korea Market Forecast to Barely Grow

November 10, 2023

South Korea’s economy may be rebounding and vehicle sales within the country continuing to expand, but that will barel ...

Profits Fall for Thai Oil, Chevron Lanka

Profits Fall for Thai Oil, Chevron Lanka

November 10, 2023

Thai Oil Group’s base oil business suffered steep declines in net profit and sales revenue for the third quarter due i ...

Additive

Researchers Use Electricity to Reduce Friction

November 10, 2023

A research group led by two universities in Japan recently announced a new technology that uses dielectrophoresis – el ...

Profits Fall for Korean Base Oil Suppliers

Profits Fall for Korean Base Oil Suppliers

November 3, 2023

The SK Enmove base oils and lubricants business, S-Oil’s base oils and lubricants business and joint venture Hyundai S ...

Japan Market Shrank Again in September

Japan Market Shrank Again in September

November 3, 2023

Japan’s production of finished lubricants decreased 7%, while domestic sales were down 4% in September, a government a ...

Eneos Shutters Wakayama Refinery

Eneos Shutters Wakayama Refinery

October 26, 2023

Eneos Corp. this month permanently closed its crude oil refinery in Arida city, Wakayama prefecture, Japan, including it ...

China Extends Tax Break for Rerefined Oils

China Extends Tax Break for Rerefined Oils

October 26, 2023

China’s government announced last month a four-year extension of a consumption tax exemption for petroleum products ma ...

Moresco Sells Less Synthetics, More Specialties

Moresco Sells Less Synthetics, More Specialties

October 26, 2023

Moresco reported a 10% increase in specialty lubricant sales and a 39% drop in synthetic lubricant sales for the six mon ...

South Korea Base Oil Exports Decline

South Korea Base Oil Exports Decline

October 20, 2023

South Korea exported 21% less base oil in September, and the reported value of those shipments fell 34%, a government ag ...

Savita Commissions Synthetic Ester Plant

Savita Commissions Synthetic Ester Plant

October 20, 2023

India’s Savita Oil Technologies Ltd. commissioned a new synthetic ester manufacturing plant, citing opportunities in n ...

Gulf Oil Blends S-Oil’s Lubes in India

Gulf Oil Blends S-Oil’s Lubes in India

October 20, 2023

S-Oil is contracting Gulf Lubricants Oil India Ltd. to blend and distribute its finished lubes in India – the first ti ...

Azmol-BP Shifts to Georgia, Uzbekistan

Azmol-BP Shifts to Georgia, Uzbekistan

October 17, 2023

Lubricant maker Azmol-British Petrochemicals has transferred its production activities to Georgia and Uzbekistan after l ...

Additive

MJL Agrees to Buy Land for Expansion

October 13, 2023

The biggest lubricant producer in Bangladesh is taking a step that could allow it to expand sometime in the future. MJL ...

Profits Rise for Michang

Profits Rise for Michang

October 13, 2023

South Korean lubricants blender Michang Petroleum Industry Co. reported a 43% jump in operating profit on a 2% uptick in ...

Hindustan Lube Sales Jump

Hindustan Lube Sales Jump

October 13, 2023

Hindustan Petroleum Corp. Ltd. reported a 15% bump in lubricant sales for the fiscal year ended March 31, boosted by a 2 ...

Hi-Tech Lubricants Posted Loss, Sales Drop

Hi-Tech Lubricants Posted Loss, Sales Drop

October 6, 2023

Hi-Tech Lubricants’ lubricants segment recorded a net loss and a 26% drop in sales for the fiscal year ending June 30, ...

Additive

Hindustan Will Form Subsidiary for Lubes

October 6, 2023

Hindustan Petroleum Corp. Ltd. plans to create a separate subsidiary for its lubricant business, which it claims is the ...