Southeast Asia

Profits Up for GS Caltex, Thai Oil

Profits Up for GS Caltex, Thai Oil

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

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

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

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

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

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

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

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

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

June 5, 2020

Pertamina disclosed last week that Saudi Aramco has withdrawn from discussions about a plan to jointly expand the Indone ...

Profits Dip at Lanka IOC, Petronas

Profits Dip at Lanka IOC, Petronas

June 5, 2020

Lubricant supplier Lanka IOC reported a net loss while the lubricants business segment of Malaysian state-owned oil firm ...

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Profits Up for Thai Oil Base Oils

May 29, 2020

Stated-owned Thai Oil Group’s base oil business reported a major increase in net profit on lower sales revenue in the ...

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Palm Oil Producers Reopen in Sabah

May 8, 2020

The Malaysian state of Sabah allowed palm oil plantations and mills to reopen last month after setting conditions aimed ...

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Oil Trader Ensnared in Scandal

April 24, 2020

Hin Leong Trading, the giant oil trader at the center of one of Asia’s biggest current business scandals, is also a lu ...

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Esso Thailand’s Lube Sales Down

April 24, 2020

Esso (Thailand) Public Co.’s lubricant sales fell 5.7 percent last year, in line with a decline in the country’s sal ...

Food-grade Lube Demand Spikes

Food-grade Lube Demand Spikes

April 16, 2020

Covid-19 pandemic lockdowns in Asia have resulted in increased demand for food-grade lubricants, industry insiders said.

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Malaysian Palm Industry Wants to Reopen

April 10, 2020

Two industry associations urged the Malaysian state of Sabah this week to allow oil palm plantations and mills to reopen ...

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Asia-Pacific Leads in New Wind Turbines

April 10, 2020

Asia-Pacific continued to lead in global wind power development in 2019, accounting for 50.7 percent of new installation ...