Home November 23, 2018

November 23, 2018

Volume 5 Issue 47

Petronas to Begin Production at Indian Plant

Malaysias Petronas Lubricants International will begin production at its lubricant blending plant in India by the end of this year, the company told Lube Report.

China's Naphthenic Supply Grows

China is projected to be the second-largest producer of naphthenic oils this year with 35 percent of global naphthenic oil production, and market growth is expected to continue, an industry insider said last week at the first ICIS Asian Industrial Lubricants Conference in Singapore.

Net Profit Down for Gulf Oil India

Gulf Oil Lubricants India Ltd. reported a decline in net profit for its second quarter ending Sept. 30, compared to the same period a year earlier.

Briefly Noted

ExxonMobil and China Merchants Group signed a cooperation agreement through which the former will supply a range of marine lubricant products and services. China National Petroleums Kunlun Lubricant brand will be renamed Kunlun Lubrication, as the brand expands to become an integrated solutions provider in addition to product manufacturer.

Base Oil Reports

purple world americas

Asia Base Oil Price Report

Spot prices were slightly mixed in Asia, as base oil producers adjusted down offers for those grades that appeared more plentiful, while prices for a couple of cuts - which were less readily available - moved up to reflect benchmark levels. A few oils were left unchanged from the previous week.-by Gabriela Wheeler
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