The European Union’s public prosecution office last week announced an investigation, dubbed “Greasy Hands,” into an international criminal ring ...
Independent lubricants blender Fuchs SE reported a 6% increase in first-quarter net profit and a 6% decline in sales revenue, attributed to price adju ...
Lukoil’s refinery in Volgograd, Russia, was struck again Sunday by a drone attack that caused a fire and reportedly damaged a key unit.
Geopolitical events have fundamental effects on energy prices, and ultimately the prices applied to petroleum products such as base oils, hence this r ...
Lukoil’s base oil and finished lubricant production both fell significantly in 2023, impacted by a decline in marine oil sales.
BP reported a 14% increase in profits for its Castrol Lubricants business in the first quarter, citing higher margins, while Luberef posted a 46% drop ...
OQ Chemicals today announced the restart of production at its German plants in Oberhausen and Marl after overcoming a recent disruption at a raw mater ...
The past week was relatively serene in the Middle East Gulf region, with no further reprisal attacks from Iran or Israel, but tensions are still high ...
Amid market stagnation, Europe’s lubricants industry faces an unprecedented set of challenges ranging from regulations spurred by climate change to ...
A ground-up mixture of drained plastic motor oil canisters can be used as a construction additive in road pavement materials typically made of bitumen ...
In a bid to support the country’s refineries, the Russian government introduced a measure to revoke step-up export duties on select petroleum produc ...
Fuchs Group announced yesterday an agreement to acquire Germany-based Lubcon Group, primarily with the aim of jointly innovating and advancing high-qu ...
To the relief of many, the break-out of direct hostilities between Israel and Iran seems to be de-escalating after a series of attacks and reprisals a ...
Poland’s demand for lubricants dropped by 1% in 2023 as the country’s economy stagnated, reflecting a broader decline in economic activity across ...
By far the biggest news this week was the Iranian rocket and drone attack on Israel Saturday, undertaken in response to Israel’s April 1 strike on I ...
A French safety agency has proposed recommending restrictions on the use of two diphenylamines – a category of chemicals that is relatively lightly ...
A Ukrainian drone last week struck the Taneco refinery in Nizhnekamsk, which has an API Group II and Group III base oil plant – the third attack on ...
With Ramadan coming to an end across the Middle East, base oil trading is expected to pick up, although perhaps not until after the Eid al Fitr holida ...
Lukoil broke ground recently on a grease, metalworking fluids and lubricant additives production facility in Volgograd.
Japan’s Cabinet today expanded a ban on exports to Russia, adding 164 items to the list of prohibited items, including automotive engine oils.
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