ExxonMobil is evaluating the possibility of building capacity to make API Group III base oils, according to the head of its base oil business. For now, however, the American energy giant continues investing in Group II capacity, including a Singapore project that is scheduled to create by far the world’s biggest base oil plant in 2025.

Finished lubricants consumption in Japan dipped 1%, while production jumped by nearly 60% in May, compared to the same month last year, according to data released yesterday by the Japan Ministry of Economy, Trade and Industry. Lubricant production, including exported volumes, surged to 220,533 kL in May, a 59% increase from 138,472 kL – the lowest monthly production total last year – in the same month in 2021.

Profits tumbled for three Bangladesh lubricant companies – MJL Bangladesh, Lub-rref and Eastern Lubricants Blenders Ltd. – for the quarter ended March 31, compared to the same period last year. The quarter was the second of the fiscal year for each company.