Business Environment was Tough on 2025 Earnings

Higher cost and lackluster demand saw profits fall last year for a number of companies.


South America

Capacity South America is another small base oil–producing region, with total installed capacity estimated at approxim...


Earnings Show Industry Sagging inFirst Half of 2025

A sample of financial reports showed the industry struggling for profitability in the first six months of 2025.


Vibra Mulls Moove Purchase

Brazil’s Vibra Energia kicked off discussions with Cosan S.A. over potentially buying its lubricants business Moove.


State Investigates Moove Fire

Prosecutors in the Brazilian state of Rio de Janeiro opened an investigation into a large Feb. 8 fire at a Moove finishe...


Crews Battle Blaze at Moove’s Rio Site

Residents were evacuated from a blaze and fluid leak into Guanabara Bay at the Moove lubricant factory near Rio.


Weekly Americas Base Oil Price Report

The dust seems to have settled after recent price initiatives affected some base oil cuts. A group of producers called f...


Total Keeps Lube Business, Sells Fuels

French energy giant TotalEnergies is to sell off its Brazilian fuel retail network to SIM Distribuidora. The company sa...


Moove Suspends IPO

Lubricant maker Moove postponed its initial public offering on the New York Stock Exchange a few hours before it was due...


Moove IPO Confirmed

Brazilian lube company Moove has registered for a initial public offering on the New York Stock Exchange, confirming rep...