Volume 11 Issue 25
South Korea Base Oil Imports Jump
June 21, 2024South Korea’s base oil export volume jumped 21% in May, while the reported value of those exports increased 4%, compared to the same month last year, a government agency reported earlier this week.
Palm Transformer Oil Project Advances
June 21, 2024Biofuels producer BBGI Group, along with fellow Thailand-based partners SCG Chemicals and QTC Energy, announced successful testing of their palm oil-based transformer oil in real transformers, meeting international standards.
Michang Records Earnings Bump
June 21, 2024South Korean lubricants blender Michang Petroleum reported a 13% increase in net profit despite a 4% decline in sales revenue for the quarter ended March 31.
From Other Editions of Lube Report
June 21, 2024Sales at Oil Change Shops Jump 14%
Briefly Noted
June 21, 2024Sales of four-wheel automobiles in Southeast Asia decreased 1% to 219,574 in April, compared to 222,153 in the same month last year, the Asean Automobile Federation reported. Year-to-date sales declined 10% to 979,479.