Asia

JX Nippon Oil & Energy Corp., a Japanese petroleum giant, signed a memorandum of understanding to set up a joint venture with Indian lubricant manufac ...

Competition appears to be heating up in South Korea's lubricant market with Hyundai Oilbank's entry into the scene. The refiner is still ramping up it ...

Consumers in the Indian state of Delhi pay a significant price for a 21 percent value added tax that the government assesses on lubricants. Lubricant ...

SK Sees Group III Shortfall

February 26, 2014

LONDON – SK Lubricants, unlike most other industry players, predicts an API Group III base oil deficit by 2017, and will expand Group III+ outpu ...

The bazaar may be an ancient part of commerce in India, but the countrys lubricant industry appears to be discovering it once again. Insiders say supp ...

Chinese demand for machine tools will grow more than 9 percent annually for the next four years, according to forecasts by a United States industry re ...

South Koreas demand for lubricating oil is projected to increase slightly to 917,137 metric tons in 2014, according to a report by the Korea Lubricati ...

A new player is scheduled this year to join the ranks of South Korean base oil suppliers. An API Group II plant being built by Hyundai Oilbank and She ...

Hi-Tech Lubricants Ltd. held a ceremony last week marking the start of construction for a lubricant packaging plant in Lahore, Pakistan. The facility ...

Lubricant marketers in India have begun working harder to cultivate positive images for their products. Analysts say suppliers are trying various stra ...

Gulf Oil Corp. Ltd. plans to construct a blending plant in or near Chennai, India. Officials say the business will also augment an existing plant in S ...

New auto sales in China topped 20 million units for the first time in 2013, solidifying the countrys status as the worlds largest market. Sales of new ...

In a recent test by China Consumer Report magazine, Kunlun Tianyuan engine oil caused more engine-clogging deposits than four other leading synthetic ...

Profits Up at China Rerun

February 4, 2014

Lubricant marketer China Rerun Chemical reported that gross profits for the 12 months ended Aug. 31 increased 22 percent compared to the previous year ...

Vote Endorses Gulf Demerger

February 4, 2014

Gulf Oil Corp. shareholders on Thursday gave a ringing endorsement to managements proposal to carve out the companys lubricant business. In a court-or ...

The Indian state of Uttar Pradesh has effectively imposed a steep tax hike on lubricants by removing them from the list of items subject to its value ...

Lube Report Asia has launched, bringing breaking news of Asia’s vibrant lube industry to your inbox every Tuesday. Check out the current issue a ...

Base stock sellers and buyers in China now have a platform where they can comingle in search of mutually beneficial deals. Since last month, base stoc ...

Aramco Boosting S-Oil Stake

January 21, 2014

Saudi Aramco has agreed to buy most of Hanjin Energys stake in S-Oil, according to several reports, giving the Saudi oil company a controlling share i ...

Gulf Oil Extends Reach

January 21, 2014

Gulf Oil Ltd. said late last year that it has entered three more markets - Kazakhstan, South Sudan and Croatia. The Indian lubricants and fuels suppli ...