Southeast Asia

U.S. Blocks Sime Darby Palm Oil
Demarcation stone of the Sime Darby Oil Palm Estate in Sabah, Malaysia. © Uwe Aranas / Shutterstock.com

U.S. Blocks Sime Darby Palm Oil

Lube Report Asia - January 8, 2021

The United States Customs and Border Protection agency last week announced a ban on palm oil l produced in Malaysia by S ...

Cambodia Nixes Duties on Some Lubes

Cambodia Nixes Duties on Some Lubes

Lube Report Asia - January 1, 2021

Cambodia will eliminate tariffs on imported industrial lubricants effective Jan. 1 in an attempt to boost competitivenes ...

Vietnam Lube Consumption Rebounds

Vietnam Lube Consumption Rebounds

Lube Report Asia - January 1, 2021

Vietnam is returning to pre-pandemic levels of lubricant consumption, an industry insider said, boosted by strong growth ...

2020: Busy Beyond Pandemic

2020: Busy Beyond Pandemic

Lube Report Asia - December 25, 2020

The COVID-19 pandemic was the biggest news in any industry in 2020, but the region’s lubricant markets had plenty of o ...

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Shell to Close Singapore Plant

Lube Report Asia - December 18, 2020

As part of an initiative to decarbonize its refining operations in Singapore, Royal Dutch Shell plans to permanently clo ...

Gulf Oil to Buy Singapore Plant

Gulf Oil to Buy Singapore Plant

Lube Report Asia - December 11, 2020

Gulf Oil International announced Tuesday that it has agreed to purchase a Singapore lubricant blending plant from Ocean ...

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Asia Association Names Executive Director

Lube Report Asia - December 4, 2020

The Asian Lubricant Manufacturers Union appointed Bernard Wong as its new executive director effective Dec. 1.

Profits Up for GS Caltex, Thai Oil

Profits Up for GS Caltex, Thai Oil

Lube Report Asia - November 27, 2020

South Korean base oil refiner GS Caltex and Thai Oil’s base oil business both posted large increases in net profit for ...

Singapore to Mandate Packaging Cuts

Singapore to Mandate Packaging Cuts

Lube Report Asia - November 20, 2020

Singapore’s government has approved rules that will require businesses, including lubricant blenders and importers to ...

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Hin Leong on Sales Block

Lube Report Asia - October 28, 2020

Troubled oil trader and lubricants producer Hin Leong Trading Pte. has apparently been put up for sale, based on notices ...

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Development Buoys Asean Outlook

Lube Report Asia - October 23, 2020

The lubricants market in Southeast Asia – which is weighted toward products for two-wheelers and process oils – will ...

Profits Drop at Lanka IOC, Petronas

Profits Drop at Lanka IOC, Petronas

Lube Report Asia - September 18, 2020

Lubricant supplier Lanka IOC reported a steep net loss, and the lubricants business segment of Malaysian state-owned oil ...

Profits Down for Indian, Thai Companies

Profits Down for Indian, Thai Companies

Lube Report Asia - September 4, 2020

India’s Tide Water Oil Co. and Balmer Lawrie & Co.’s greases and lubricants segments both reported steep decline ...

Mixed First-half 2020 for AP Oil

Mixed First-half 2020 for AP Oil

Lube Report Asia - August 21, 2020

Singaporean independent lubricant blender AP Oil posted a strong increase in net profit and lower revenue for the first ...

Vietnam Struggles to Enforce Lube Standard

Vietnam Struggles to Enforce Lube Standard

Lube Report Asia - August 21, 2020

As its dependence on imported lubricants increases, Vietnam’s government is grappling with enforcement of its national ...

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Brenntag Acquires Thai Distributor

Lube Report Asia - July 8, 2020

Chemicals company Brenntag acquired Thailand-based lubricants distributor Oils ‘R Us Co. Ltd. as part of its expansion ...

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Aramco Withdraws from Cilacap JV

Lube Report Asia - June 5, 2020

Pertamina disclosed last week that Saudi Aramco has withdrawn from discussions about a plan to jointly expand the Indone ...