Volume 9 Issue 22
YPF to Sell Lubes Units in Brazil, Chile
May 29, 2024The head of Argentinian oil major YPF said recently that the company will sell its businesses in Brazil and Chile, both focused on lubricants, as part of an effort to shed underperforming assets.
Brazil Base Oil Output Edges Higher
May 29, 2024Base oil production in Brazil increased by 9% in April, according to data released by the National Agency of Petroleum, Natural Gas and Biofuels.
Moove Profits Rebound in First Quarter
May 29, 2024Cosan’s Moove rebounded with a net profit in the first quarter – after a net loss in the same period last year – on lower net operating revenue and flat combined lubricant and base oil sales volume.
From Other Editions of Lube Report
May 29, 2024Verbio to Make Rapeseed Chemicals
Briefly Noted
May 29, 2024Shoreline Lubricants will distribute the full range of TotalEnergies lubricants in Canada in New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador under a commercial partnership agreement with TotalEnergies Marketing Canada Inc.