Volume 10 Issue 13
U.K. Blender Pushes Anti-dumping Campaign
March 26, 2025Mark Lord of Aztec Oils is on a crusade to stop one company dumping cheap lubricants in the U.K. and damaging business.
Eneos Plant to Stop Lube Production by 2028
March 26, 2025Eneos Corporation announced it will begin to phase out production of lubricants and fuels at its Yokohama plant in Yokohama city, Kanagawa prefecture from January 2026 to March 2028 and may relocate production to its existing facilities.
South Korea Exports Continue Steady Decline
March 26, 2025Base oil exports from South Korea are down 6% year-on-year, according to Korea National Oil Corp. Dwindling Chinese demand and tariffs in the United States could contribute to longer-term shrinkage while turnarounds and price may have an immediate effect.
China Should Invest in Value-added Products
March 26, 2025Chinese suppliers need to invest in high value-added products to stay competitive, urged former general manager of Sinopec at a recent industry conference in Shanghai.
Briefly Noted
March 25, 2025Azerbaijan produced 6,200 metric tons of lubricating oils in January and February, marking a decline of 32% from the same period in 2024, when it was 9,100 tons. As of the beginning of March, stocks of finished products were 6,000 tons. The value of oil products was $600 million, up 15.6% compared with the same period last year.
Hextar Oiltech, a subsidiary of Hextar Global, signed an agreement with Techno Lube LLC to be the exclusive distributor of Saudi Arabian brand Petromin lubricant products in Malaysia.
MOGoil GmbH, a subsidiary of Ergon, signed a distribution partnership with Excel Paralubes, an API Group II and Group III producer based in Louisiana, United States. MOGoil will manage the distribution of Excel Paralubes’ 70N, 110N, 225N and 600N base oils from its tank facility in Antwerp.