Home October 14, 2014

October 14, 2014

Volume 1 Issue 41

Tianhe Stock Resumes Trading

Shares of lubricant additives supplier Tianhe Chemicals Group resumed trading on the Hong Kong Stock Exchange Thursday after a month-long suspension triggered by an accusation that its June initial public offering was a fraud.

Group II/III Glut, Group I Gap

Overall, Asia-Pacifics base stock supply and demand are balanced, but the region exports large volumes of surplus API Group III oils, and it uses excess Group II to fill a supply gap of Group I.

Gulf Petrochem Wants More of Sah

Gulf Petrochem on Wednesday announced an offer to acquire an additional 26 percent of Sah Petroleums Ltd. from public shareholders. Gulf Petrochem already owns 72 percent of the lubricant supplier.

Gulf Oil Expanding Reach in China

Gulf Oil International is working to expand its geographical reach in China. The lubricant blender and marketer signed up a few dozen Chinese distributors this year and opened two new regional offices.

Briefly Noted

Gulf Oil Lubricants India Ltd. will produce tractor lubricants to be supplied to Mahindra & Mahindra dealer workshops under the brand name Mahindra M-Star Super. Gulf will market the same oil through the Bazaar segment under the Gulf XHD M Tractor brand. KPI Bridge Oil, a broker and trader of marine lubricants, marine bunkers and risk management products, appointed Mark Emmett managing director of its Singapore operations.

Base Oil Reports

purple world americas

Asia Base Oil Price Report

The prospect of further price weakening is keeping Asian base oil buyers on the sidelines, as lower offers fail to entice takers in a well-supplied market. - by Gabriela Wheeler

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