South America

Saudi Aramco acquired Peruvian fuel distributor Primax for $3.5 billion.

Brazil’s base oil market is off to a slower start in 2025 as domestic production and imports both declined significantly in January compared to the ...

State Investigates Moove Fire

February 19, 2025

Prosecutors in the Brazilian state of Rio de Janeiro opened an investigation into a large Feb. 8 fire at a Moove finished lubricant factory on Governa ...

Residents were evacuated from a blaze and fluid leak into Guanabara Bay at the Moove lubricant factory near Rio.

Fuchs Group’s unabated business growth continued with a new joint venture in Peru. The German independent lubricant company announced it has formed ...

Brazil’s output of virgin mineral base oils jumped 24% in December, compared to the same month of 2023, rounding out the country’s most productive ...

Vibra Expands Rio Plant

December 4, 2024

Brazilian lube company Vibra completed expansion works of its Lubrax lubricant plant in Duque de Caxias to the tune of $16.55 million.

Chile recently adopted an extended responsibility law that will require lubricant suppliers to ensure that their products are recycled after use.

Brazilian refiners continued making base oil at a steady pace in September, churning out 49,000 kiloliters, according to the latest data from the coun ...

Moove Acquires Grupo Pax

November 6, 2024

Brazilian lubricant maker and distributor Moove acquired Grupo Pax and its three lubricant companies. The Brazilian Antitrust Authority is yet to appr ...

Moove Suspends IPO

October 16, 2024

Lubricant maker Moove postponed its initial public offering on the New York Stock Exchange a few hours before it was due to start. The company blamed ...

Amber Energy Inc. made the successful bid for Citgo, the formerly Venezuelan refiner.

Belgian oleo-chemicals company Oleon acquired a majority stake in A.Azevedo Óleos, a Brazilian oleo-chemical company based in Sao Paulo.

Lubrizol’s Keith Corkwell explains how forging meaningful partnerships across the value chain and leveraging new technology will be necessary for th ...

Venezuelan petrochemical and environmental management company Petromaca’s rerefinery is the latest used lubricant recycling project to spring up in ...

Moove IPO Confirmed

September 18, 2024

Brazilian lube company Moove has registered for a initial public offering on the New York Stock Exchange, confirming reports from last month that the ...

YPF u-turned last week on a lubricant price hike in Bolivia under pressure from a number of local transport associations.

Petrobras Wants Refineries Back

September 11, 2024

Petrobras is negotiating to regain ownership of the Landulpho Alves refinery and reverse the previous administration’s sell-off of state assets.

Castrol is aiming for double-digit growth by the end of the year in Peru’s commercial and industrial lubricant market, part of a push to increase ma ...

Base oil production in Brazil rose 8% in July, compared to the same month last year, according to the latest data from a government agency.