HF Sinclair Corp. plans to separate its Lubricants & Specialties business into an independent publicly traded company while retiring its base oil refining assets in Mississauga, Ontario, with the transition expected to be substantially completed during 2027. The company said in a press release that the standalone business will continue supplying API Group I, Group II and Group III base oils through new commercial agreements with two global manufacturers and continued production from its Tuls...

Refineries along the Gulf of Mexico were largely unaffected by Tropical Storm Bertha, which first made landfall in southern Louisiana on Wednesday, July 22. Over the past decade, tropical storms and hurricanes have disrupted U.S. Gulf Coast refining on several occasions, highlighting the region’s vulnerability. More than half of U.S. refining capacity is concentrated along 600 miles of the Gulf Coast, from Corpus Christi, Texas in the west, to New Orleans in the east. The clustering of ref...

India’s specialty-oil producers showed strong momentum in the first half of 2026, as healthy demand, improved pricing and diversified product portfolios lifted earnings and drew investor interest. Shares of Gandhar Oil Refinery India, Savita Oil Technologies and Panama Petrochem rose sharply this year, outperforming the broader market. Gandhar’s stock gained 84% year to date, while Savita and Panama Petrochem advanced 74% and 64%, respectively, according to the analysts at Mumbai-based broke...

The Strait of Hormuz crisis highlighted the value of used oil as a domestic resource, prompting countries such as Japan and Australia to rely more heavily on rerefined base oils to reduce dependence on imported base oils. Both have since emerged as Asia’s leading RRBO markets, speakers said during a panel discussion at a conference in Singapore. The disruption has exposed Asia’s dependence on imported crude. Around 60% of the region’s crude comes from the Middle East and many Asian base oi...

More Growth for Fuchs Fuchs China opened a new specialty lubricant plant in Wujiang, Suzhou, on July 16, expanding its local production capacity for specialty lubricants. The company has operated in Wujiang since 2016. Built under the group’s FUCHS100 strategy, the facility focuses on rotary motion and specialty application solutions. It features Siemens control systems, FANUC coating robots and automated production processes designed to improve efficiency, product consistency and environm...

German lubricant maker Fuchs SE increased its profit forecast for 2026 after reporting stronger-than-expected preliminary results for the first half of the year, driven by higher sales and improved profitability. The company expects first-half sales of more than €2 billion, up from €1.8 billion a year earlier, while earnings before interest and taxes (EBIT) are expected to reach €260 million, compared with €209 million in the first half of 2025. Fuchs now expects full-year EBIT of €460...

New passenger car registrations in the European Union rose 5.7% in the first half of 2026 as demand for electrified vehicles continued to grow despite geopolitical headwinds, according to the European Automobile Manufacturers’ Association. Battery electric vehicles increased their market share to 20.7% from 15.6% a year earlier, while hybrid electric models remained the most popular powertrain with a 37.3% share of registrations. Combined petrol and diesel market share fell to 29.7%. The ...