Region

China Base Oil Imports Decline

November 24, 2023

China has been a net base oil importer in the past few years, but supplies coming from abroad are decreasing as its domestic production is improving, ...

The ability to use phenol, isopropylated phosphate as an ingredient in lubricants would end in five years under rule amendments proposed Monday by the ...

Canadian quick lube service business Mr. Lube + Tires reported an 18% increase in sales revenue and slightly higher same-store sales growth for the th ...

Energy company Petrol Ofisi announced recently that it is expanding its lubricant blending plant in Kocaeli, Turkey, increasing production capacity fr ...

The European Union Parliament this month adopted its negotiation position on Euro 7, the revamping of EU rules for type-approval and market surveillan ...

After being hammered by Western sanctions in 2022, Russian base oil exports have continued to fall this year as sanctions were tightened and global de ...

Malaysian conglomerate Sime Darby Berhard received shareholder approval yesterday for its proposal to acquire majority ownership of another Malaysian ...

Profits and sales for the quarter ended Sept. 30 surged for Japanese metalworking fluids and industrial fluids manufacturer Yushiro Chemical, as the i ...

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

Valvoline reported higher operating income and sales, and Calumet reported a large increase in net income, while Cosan’s Moove had lower net profit ...

The Middle East has cost advantages over other regions when it comes to production of base oils, an analyst told an industry conference last month, th ...

Russian lubricant demand is expected to further stagnate in 2023 at about 1.7 million tons, as automotive lube imports shrink to record low levels, an ...

Among Nigerian blenders, Conoil reported a steep decline in gross profit on lower sales for its lubricants segment, while MRS Oil’s lubricants segme ...

South Korea’s economy may be rebounding and vehicle sales within the country continuing to expand, but that will barely be enough to spur growth in ...

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

A research group led by two universities in Japan recently announced a new technology that uses dielectrophoresis – electric power – to effectivel ...

Ingevity announced last week that it will close by mid-2024 its Deridder, Louisiana, processing plant, which produces crude tall oil fatty acid produc ...

Base oil exports from the United States surged 52%, while base oil imports into the country dropped by 31% in August, compared to the same month last ...

Top Lubricants unveiled recently a new Russian brand that sounds very French – Lemarc, which is produced at the former TotalEnergies blending plant ...

BP reported that profit for its Castrol lubricants business rose 23% because of higher margins, and Luberef reported a 28% drop in net profit for the ...