Volume 10 Issue 7

South Korea Base Oil Exports Decline

South Korean base oil export volumes decreased 1%, and the value of the base oil exported decreased 5% in January, compared with the same month last year, according to data released by the Korea Customs Service.

Profits Down for GS Caltex, Thai Oil in 2022

South Korea’s GS Caltex reported increased operating profit for its base oil and lubricants business in the fourth quarter, and operating profit for the full year dropped, while Thai Oil Group’s base oil business reported increased net profit for the quarter and lower profit for the full year.

India Auto Sales Rose in 2022

Automotive sales in India in 2022 increased 12% to 20.8 million units, according to data compiled by the Society of Indian Automobile Manufacturers. Although the total remained shy of sales in pre-pandemic 2019, passenger car sales for 2022 set a new record.

From Other Editions of Lube Report

Progress Cited on Development of EV Fluids

Motorex Acquires Spectro Performance Oils

Uzbek Base Oil Plant Progresses on Revamp

Briefly Noted

Japan’s sales of new motorcycles declined 6% to 27,448 in January, compared to 29,091 in the same month last year, according to data released by the Japan Automobile Manufacturers Association.