South America

Brazil’s base oil imports and exports both rose by double-digit percentages in February, according to data released last week by the nation’s Nati ...

Moove achieved large increases in profits and combined lubricants and base oil sales volume for both full year 2023 and the fourth quarter. A key fact ...

Profits Soar for Terpel

March 27, 2024

Colombian oil and gas company Terpel reported large increases in gross profit for its lubricants segment both for 2023 and the fourth quarter in Colom ...

Base oil production in Brazil rose 16%, and base oil imports volume ballooned by 47% in January, according to data released by a government agency.

Structural shortages of base oil production in Latin America are attracting imports from other regions, and the market increasingly relies on supplies ...

When Petrobras nixed the sale of its Lubnor refinery last year, it seemingly reduced the likelihood of near-term upgrades to the site’s base oil pla ...

Amid early signs of a thaw in international relations, Venezuela’s economy and lubricant market have begun to rebound, stirring renewed interest by ...

Special Report: Base Stocks

February 16, 2024

Discover how extended producer responsibility in India might affect rerefining in the country, how the automotive industry is impacting base oil deman ...

Special Report: Base Stocks

February 13, 2024

Discover how extended producer responsibility in India might affect rerefining in the country, how the automotive industry is impacting base oil deman ...

Brazil’s base oil imports volume surged 48% in December, compared to the same month last year, while the full-year 2023 total was up 9% from 2022’ ...

Brazilian Auto Sales Rise

January 24, 2024

New automobile registrations in Brazil jumped 11% last year, with increases for both imports and domestically produced vehicles. The total for both ve ...

Base oil production in Brazil was down again in December, closing out a year in which output dropped 11% compared to 2022. The country’s three base ...

Brazil imported 26% more base oil and exported 8% less base oil in November than in the same month last year, according to data released Dec. 29 by a ...

Brazil refineries produced just 29,000 metric tons of base oil in November, 37% less than the same month of 2022 and the third consecutive month that ...

Brazil is expected to show sustained demand for API Group II and Group III base oils in the coming years, an industry executive said Dec. 1 during a p ...

Lubricating oil producers in Chile will need to organize programs to collect and recycle waste oil under a decree approved last month by the country ...

Lwart Environmental Solutions said recently that it will expand its used lubricant rerefinery in Lençóis, Brazil, by 50%, making it one of the large ...

Terpel Reports Higher Profits

December 13, 2023

Colombian oil and gas company Terpel reported increases in gross profit for its lubricants segment in Colombia and Peru – its two primary geographic ...

Brazil’s base oil production tumbled down by 56% to its lowest point this year, while its lubricants import volume was up 18% in October, reaching i ...

Brazil’s state-owned Petrobras announced Monday that it had terminated the sale of the Lubnor refinery to Grepar Participacoes, claiming that govern ...