Chinese energy company PetroChina will close its Dalian refinery by mid-2025, making it the first state-owned refinery in China to permanently shut down.

Clean Harbors Inc. warned customers that it has “significantly” raised waste oil collection fees to offset depressed base oil, vacuum gas oil and recycled fuel oil prices. The increase comes in the wake of an announcement by ExxonMobil that it had reached a production rate of 3.2 million barrels per day – its highest 40 years. This could impact the rerefining segment further as availability of virgin feedstocks continues to rise. The company’s rerefining subsidiary Safety-Kleen revise...

Brazilian refiners continued making base oil at a steady pace in September, churning out 49,000 kiloliters, according to the latest data from the country’s National Agency on Petroleum, Natural Gas and Biofuels.

British energy company Shell will expand production capacity of its synthetic ester fluid subsidiary Midel & Mivolt Fluids Ltd. at the company’s Trafford Park facility in Manchester, United Kingdom. The global ester transformer fluid market is currently worth about U.S. $150 million and is projected to pass $650 million by 2032, according to market research. U.S.-based Consultancy McKinsey also estimates that demand for electricity in Europe could increase by 7% per year until 2030, placin...

Chevron Marine Lubricants will extend its global supply network to Port Elizabeth in South Africa, allowing it to supply ships trying to avoid conflict in the Middle East. Port Elizabeth is a major port of call for ships rounding the Cape of Good Hope. Over the past year, the route has become busier after Houthi rebels in Yemen began attacking ships in the Red Sea as they traverse the Suez Canal. The number of vessels going around the cape instead of Suez increased rapidly by the end of 2023,...

What are the major trends shaping the distribution business?