Brazil

Petrobras Cancels Lubnor Refinery Sale

Petrobras Cancels Lubnor Refinery Sale

November 29, 2023

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

Additive

Brazil Base Oil Production, Imports Both Fall

November 1, 2023

Brazil’s base oil production plummeted 51%, and the country’s base oil imports volume fell 23% in September, accordi ...

South America Demand Forecast to Outpace North

South America Demand Forecast to Outpace North

October 11, 2023

North America’s finished lubricant demand is projected to grow at a compound annual rate of 0.8% out to 2032, held bac ...

Brazil Base Oil Production Dropped in July

Brazil Base Oil Production Dropped in July

October 4, 2023

Brazil’s base oil production plummeted 29%, while its base oil import volumes surged 55% in July, the National Agency ...

Iconic Will Also Distribute Chevron Base Oils

Iconic Will Also Distribute Chevron Base Oils

September 27, 2023

Chevron and Ipiranga recently agreed that their Brazil joint venture, Iconic, will distribute Chevron base oils in addit ...

Brazil Base Oil Production, Imports Up in July

Brazil Base Oil Production, Imports Up in July

September 6, 2023

Brazil’s base oil production jumped 22%, and its base oil imports rose 14% in July, compared to volumes in the same mo ...

Financials Fall for Heritage-Crystal Clean, Moove

Financials Fall for Heritage-Crystal Clean, Moove

August 16, 2023

Rerefiner Heritage-Crystal Clean reported a steep fall in second quarter revenues for its oil business segment – which ...

Brazil Imports Less Base Oil in June

Brazil Imports Less Base Oil in June

August 9, 2023

Brazil imported 17% less base oil, and the South American country's base oil exports declined 14% in June, compared to t ...

Brazil Base Oil Production Up, Imports Down

Brazil Base Oil Production Up, Imports Down

July 5, 2023

Brazil’s base oil production rose 7%, while its base oil import volume fell 24% and its base oil exports plummeted 38% ...

Court Approves Sale of Lubnor Refinery

Court Approves Sale of Lubnor Refinery

June 21, 2023

A competition court in Brazil today approved Grepar Participacoes’ acquisition of the Lubnor refinery from Petrobras ...

Brazil Base Oil Output, Imports Increase

Brazil Base Oil Output, Imports Increase

May 31, 2023

Brazil’s base oil production rose 9% in April, while base oil imports jumped 14%, according to government data release ...

Police in Brazilian State Seize Engine Oil

Police in Brazilian State Seize Engine Oil

May 24, 2023

Police in the Brazilian state of Goias, in a joint operation with government agencies, on May 22 seized more than 4,000 ...

Valvoline Earnings Jump; Moove Suffers Loss

Valvoline Earnings Jump; Moove Suffers Loss

May 17, 2023

Valvoline reported double-digit gains in operating income and sales revenue for the quarter ended March 31, while Moove ...

Brazil Base Oil Output, Imports Dropped in March

Brazil Base Oil Output, Imports Dropped in March

May 3, 2023

Brazil’s base oil production fell 35% in March and was down 7% in the first quarter, compared to the same periods last ...

Brazil Base Oil Production, Imports Rise

Brazil Base Oil Production, Imports Rise

April 5, 2023

Base oil production and base oil imports volumes in Brazil were again higher in February compared to totals in the same ...

Chevron Lummus Gets Contracts for Gaslub

Chevron Lummus Gets Contracts for Gaslub

April 5, 2023

Petrobras has licensed technologies from Chevron Lummus Global for an API Group II base oil plant being built as part of ...

Vibra Profits Jumped in 2022

Vibra Profits Jumped in 2022

March 29, 2023

Vibra Energia’s lubricants business recorded 30% higher profit for 2022 on a 12% increase in sales revenue, while four ...

New Suppliers Sent Base Oil to Brazil in 2022

New Suppliers Sent Base Oil to Brazil in 2022

March 22, 2023

API Group I and II base oil availability in South America increased in 2022 due to low prices in Asia-Pacific and the Un ...