South America

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.

Argentinian energy company YPF is divesting from its lubricants business, as well as offering a stake in one of its refineries, so it can concentrate ...

Colombian oil and gas company Terpel reported that its lubricant segment posted increases in gross profit for the first quarter in Colombia and Peru, ...

The head of Argentinian oil major YPF said recently that the company will sell its businesses in Brazil and Chile, both focused on lubricants, as part ...

Base oil production in Brazil increased by 9% in April, according to data released by the National Agency of Petroleum, Natural Gas and Biofuels.

Cosan’s Moove rebounded with a net profit in the first quarter – after a net loss in the same period last year – on lower net operating revenue ...

Brazil imported 62% more base oil in March, compared to the same month last year, according to data released Tuesday by the National Agency of Petrole ...

Brazil’s base oil production jumped by 66% in March, according to data released this week by a government agency.

A subsidiary of Chilean energy and forestry company Copec received approval from a local environmental authority to develop the nation’s largest use ...

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 ...