South America

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U.S. Lifts Sanctions on Nynas

Lube Report Americas - May 12, 2020

Nynas AB announced Tuesday that Petroleos de Venezuela S.A. sold a 35 percent stake in the company and that the United S ...

Coronavirus Constricts Lithium Supplier Livent

Coronavirus Constricts Lithium Supplier Livent

Lube Report Americas - March 25, 2020

Lithium supplier Livent Corp. suspended operations at its two Argentinian facilities this week in accordance with a nati ...

PdVSA Lube Chief Arrested

PdVSA Lube Chief Arrested

Lube Report Americas - March 13, 2020

The president of Petroleos de Venezuela S.A.’s lubricant business was one of several company officials arrested early ...

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Petrobras to Exit Colombia

Lube Report Americas - March 4, 2020

Brazils Petrobras said Tuesday that it plans to sell its fuels and lubricants business in Colombia, part of a broader pl ...

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Revenue Up, Income Down for Cosan

Lube Report Americas - February 19, 2020

Moove - Cosans lubricants production and distribution arm - reported higher revenue and sales volumes for the fourth qua ...

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Oil & Politics

Lubes'n'Greases - February 14, 2020

Latin American countries have been dealing with their share of political turmoil in recent years. Is the unrest suppress ...

Car Sales Mixed in Latin America

Car Sales Mixed in Latin America

Lube Report Americas - February 5, 2020

Vehicle sales for last year were up in Brazil and Colombia but down in Mexico, Argentina and Chile, according to data fr ...

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Petrobras May Add Group II Production

Lube Report Americas - January 22, 2020

Brazilian state-run oil company Petrobras is seeking to add API Group II base oil production in the country through new ...

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Petrobras Mulls Additional Lube Production

Lube Report Americas - January 15, 2020

Brazilian state-run oil company Petrobras is developing a plan to increase lubricant production at its Comperj refinery ...

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Petrobras to Sell Uruguay Business

Lube Report Americas - December 11, 2019

Brazils Petrobras started the process to sell its distribution company in Uruguay so that it can exit the South American ...

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Lanxess Acquires Brazilian Biocide Maker

Lube Report Americas - December 11, 2019

Lanxess acquired Itibanyl Produtos Especiais Ltda., a leading Brazilian manufacturer of biocides, including some used in ...

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PdVSA Secures Short-term Isla Refinery Extension

Lube Report Americas - December 4, 2019

Petroleos de Venezuela S.A. agreed to a short-term lease extension with Refineria di Korsou - the Curacao government ent ...

Chile Enacts Recycling Regulation

Chile Enacts Recycling Regulation

Lube Report Americas - November 6, 2019

Chile enacted a law last week that aims to recycle used lubricants by giving producers and end-users responsibilities to ...

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Petronas Closes Argentina Plant

Lube Report Americas - October 30, 2019

Malaysias Petronas Lubricants International recently closed its lubricant blending plant near Buenos Aires, Argentina, a ...

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Citgo Under Threat Again After Ruling

Lube Report Americas - October 2, 2019

A United States appeals court lifted a hold Monday on Crystallex International Corp.s efforts to seize shares of refiner ...

Brazil’s Refinery Sell-off Plan Hits Phase Two

Brazil’s Refinery Sell-off Plan Hits Phase Two

Lube Report Americas - September 25, 2019

Brazils state-run oil company Petrobras has started the second phase of a plan to sell controlling stakes in eight oil r ...

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Mobil Re-positions in Argentina

Lube Report Americas - August 28, 2019

ExxonMobil is working to reposition its Mobil brand in some South American countries, including Argentina where it recen ...

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Taking Advantage of Crude Price Volatility

Lube Report Americas - August 21, 2019

A consultant told an industry conference that lubricant companies can benefit from crude oil price volatility if they ca ...