Base Stocks

Savita Posts Lower Profit

Savita Posts Lower Profit

Lube Report Asia - July 15, 2020

Mumbai-based Savita Oil – a supplier of transformer oils, white oils, lubricants and other products – reported lower ...

Profits Down for GP, MJL

Profits Down for GP, MJL

Lube Report Asia - July 8, 2020

India’s GP Petroleums Ltd. and MJL Bangladesh Ltd. each reported a drop in net profit for the quarter ending March 31.

Chinese Refiner Produces Group III

Chinese Refiner Produces Group III

Lube Report Asia - July 8, 2020

Chinese refiner Shandong Qinghe Chemical Technology Co. Ltd. is testing its newly completed 600,000 metric tons per year ...

China’s Bohui Nixes Group II Plant

China’s Bohui Nixes Group II Plant

Lube Report Asia - June 17, 2020

Chinese fuel supplier Bohui canceled plans to build an API Group II base oil plant but has built a facility that produce ...

Profits Dip at Lanka IOC, Petronas

Profits Dip at Lanka IOC, Petronas

Lube Report Asia - June 4, 2020

Lubricant supplier Lanka IOC reported a net loss while the lubricants business segment of Malaysian state-owned oil firm ...

Additive

Aramco Withdraws from Cilacap JV

Lube Report Asia - June 3, 2020

Pertamina disclosed last week that Saudi Aramco has withdrawn from discussions about a plan to jointly expand the Indone ...

South Korean Exports Fell in Q1

South Korean Exports Fell in Q1

Lube Report Asia - June 3, 2020

South Korean base oil exports fell 13 percent to 1.4 million tons in the first quarter this year, down from 1.6 million ...

Additive

Profits Up for Thai Oil Base Oils

Lube Report Asia - May 27, 2020

Stated-owned Thai Oil Group’s base oil business reported a major increase in net profit on lower sales revenue in the ...

China Base Oil Output Recovers

China Base Oil Output Recovers

Lube Report Asia - May 27, 2020

Base oil production in China has largely returned to normal levels, but demand in other parts of the world is still down ...

Profits Up for GS Caltex, Down for KH Neochem

Profits Up for GS Caltex, Down for KH Neochem

Lube Report Asia - May 15, 2020

GS Caltex reported increased operating profit for its base oil and lubricant business, and KH Neochem Co. poster lower o ...

Additive

Palm Oil Producers Reopen in Sabah

Lube Report Asia - May 4, 2020

The Malaysian state of Sabah allowed palm oil plantations and mills to reopen last month after setting conditions aimed ...

Mixed Q1 for South Korean Companies

Mixed Q1 for South Korean Companies

Lube Report Asia - May 4, 2020

Among South Korea’s large base oil refiners, S-Oil and Hyundai Shell Base Oil both posted large increases in operating ...

Guizhou Subsidiary Plans Rerefinery

Guizhou Subsidiary Plans Rerefinery

Lube Report Asia - April 16, 2020

Southwest Dingsheng Energy plans to build a base oil rerefinery in Xi Feng County, Guizhou province. A local government ...

Additive

Malaysian Palm Industry Wants to Reopen

Lube Report Asia - April 8, 2020

Two industry associations urged the Malaysian state of Sabah this week to allow oil palm plantations and mills to reopen ...

Thai Oil’s Q4 Net Profit Jumps

Thai Oil’s Q4 Net Profit Jumps

Lube Report Asia - April 2, 2020

Stated-owned Thai Oil Group’s base oil business posted a massive jump in net profit for the fourth quarter of 2019, an ...

Coronavirus Triggers Crude Crash

Coronavirus Triggers Crude Crash

Lube Report Asia - March 6, 2020

The economic wrecking ball that is the coronavirus went into full swing this week when it sent the price of crude oil ba ...

Coronavirus Impacts Asia Base Oil Refiners

Coronavirus Impacts Asia Base Oil Refiners

Lube Report Asia - February 28, 2020

Base oil refiners in Asia are slashing production and looking for alternative markets amid plummeting lubricant and grea ...