Base oil prices are almost three times prewar levels since the United States and Israel launched military strikes against Iran on Feb. 28, tightening global lubricant supply and raising costs for manufacturers, according to market participants and regional trade data. The conflict has disrupted shipping through the Strait of Hormuz, one of the world’s most important energy corridors, increasing freight costs, delaying cargoes and adding pressure to global supply chains. Tanker operators had a...

Poland’s lubricant consumption rose 4.6% year on year in 2025, supported by stronger economic growth, rising automotive lubricant demand and higher industrial activity, according to the latest annual report from Polish oil industry association POPiHN. The country’s lubricant market reached 242,448 metric tons last year, up from 231,839 tons in 2024, the report said. Poland’s gross domestic product grew by 3.6% in 2025, accelerating from 3% growth in 2024 and significantly outpacing the Eur...

The Verification of Lubricant Specifications (VLS) tightened its guidance on lubricant marketing claims, escalating efforts to curb misleading product statements as increasingly complex engine technologies raise the risks associated with unsuitable oils and fluids, the organization announced. The revised guidance follows a series of recent investigations involving lubricant products carrying inaccurate or unsupported claims. The latest update sharpens requirements around application recommendat...

Eneos Holdings agreed to buy Chevron Corporation’s fuels and lubricants marketing businesses in six Asia-Pacific markets for $2.17 billion, reported Reuters. The purchase represents the first overseas refining asset for Japan’s largest energy company, giving the Japanese energy group a bigger presence in regions where fuel demand is still growing as consumption declines at home. The deal includes Chevron’s operations in Singapore, Malaysia, the Philippines, Australia, Vietnam and Indones...

Lubrication Engineers is Expanding Industrial lubricants manufacturer Lubrication Engineers is investing U.S. $10 million on an expansion of its Wichita production facility, according to the Wichita Business Journal. Lubrication Engineers, founded in 1951, produces high-performance industrial lubricants and reliability products used in sectors such as mining, power generation, food processing, oil and gas, and heavy manufacturing. The company operates a 150,000-square-foot production facility i...