Volume 9 Issue 19

Lukoil Lube, Base Oil Production Falls

Lukoil’s base oil and finished lubricant production both fell significantly in 2023, impacted by  a decline in marine oil sales.

Castrol Earnings Up, Luberef’s Down

BP reported a 14% increase in profits for its Castrol Lubricants business in the first quarter, citing higher margins, while Luberef posted a 46% drop in net profit, due to a fall in base oil crack margins.

OQ Restarts Production at German Plants

OQ Chemicals today announced the restart of production at its German plants in Oberhausen and Marl after overcoming a recent disruption at a raw material supplier’s gas plant.

From Other Editions of Lube Report

Japan’s Lube Production Slips

Mitsubishi, Denka Form Fullerenes JV

U.S. Base Oil Output Rose in February

Briefly Noted

Domestic sales of new vehicles in South Africa increased 2% to 38,172 in April, compared to the same month last year, the National Association of Automobile Manufacturers of South Africa reported on May 2. The increase ended a streak of eight consecutive months of year-on-year declines.