Southeast Asia

Vietnamese lubricant company NPOIL broke ground on a second lubricant blending plant expected to boost the company’s exports to Southeast Asia, Sout ...

The last month of the year was expected to bring fairly muted activity in base oil markets as both consumers and suppliers hope to reach the end of De ...

Spot prices for some base oil cuts succumbed to downward pressure on mounting availability, while other grades managed to maintain a steady course as ...

Market forces continued to pull prices in different directions in Asia, with tighter supplies of some grades supporting steady-to-firm prices, and len ...

Lubrizol and Aster, a Singaporean chemical and energy company, signed a memorandum of understanding to develop opportunities in the region, the compan ...

Lingering uncertainties continued to impact lubricant and finished products demand in Asia, and this, in turn, affected base oil consumption, as buyer ...

Some markets were expected to jump back into action following week-long holidays and others were preparing for subdued activities due to the start of ...

Pertamina said it has redirected fuel supplies to parts of Sumatra following a fire at its Dumai refinery.

There were a few bright spots in the market despite deepening concerns about the growing supply and demand imbalance in some base oil segments. The la ...

Downward price pressure continued on a few base oil grades because of soft fundamentals in Asia, although several cuts appeared to defy the current tr ...

The just-completed expansion of ExxonMobil’s base oil plant on Singapore’s Jurong Island makes it the largest such facility in the world – by fa ...

ExxonMobil has completed the most recent expansion of its API Group II base oil plant on Singapore’s Jurong Island.

Liqui Moly starts production in Thailand, a company first.

Base oil prices were generally holding in Asia, although there was still downward pressure on the heavy viscosity grades because supplies outpaced con ...

PSP Posts Jump in Profits

September 17, 2025

Despite a slight dip in revenues, Thai lubricant producer PSP Specialties reported a 37% jump in net profit for the first half of 2025, thanks mostly ...

A demand slowdown in most countries and mounting supplies continued to define the base oils market in Asia this week, with the heavy grades particular ...

Softer market fundamentals exerted downward pressure on some API Group I and Group II spot prices, while values for the Group III cuts were generally ...

Supply and demand factors were still playing the main part in determining base oil price direction in Asia, as crude oil futures were trading within a ...

Supply and demand factors were still playing the main part in determining base oil price direction in Asia, as crude oil futures were trading within a ...