Lubes'n'Greases

02/08/2024

Lukoil’s refinery in Volgograd, Russia, site of a major lubricant manufacturing complex, was struck last weekend by a drone purportedly launched by the armed forces of Ukraine.

Lukoil’s refinery in Volgograd, Russia, site of a major lubricant manufacturing complex, was struck last weekend by a drone purportedly launched by the armed forces of Ukraine. Lukoil claimed that there was no lasting impact on the refinery’s operations.

02/05/2024

Hongrun Petrochemical Technology Co. has commissioned a white oil project that includes an API Group III plant at its oil refinery in Weifang, Shandong province, China.

Hongrun Petrochemical Technology Co. has commissioned a white oil project that includes an API Group III plant at its oil refinery in Weifang, Shandong province, China.

01/29/2024

India’s state-owned oil marketing company Hindustan Petroleum Corp. Ltd. has hired a consultant to advise on a spin-off of its lubricants business to unlock its value.

India’s state-owned oil marketing company Hindustan Petroleum Corp. Ltd. has hired a consultant to advise on a spin-off of its lubricants business to unlock its value.

01/26/2024

The United States last month gave regulators new authority to target domestic and international institutions involved in evading bans on exports to Russia of a range of products including turbine oils and turbine oil additives.

The United States last month gave regulators new authority to target domestic and international institutions involved in evading bans on exports to Russia of a range of products including turbine oils and turbine oil additives.

01/24/2024

How has the lubricants industry evolved?

Learn how base oil and crude oil prices have ebbed and flowed over the past year or why finished lubricant sales rocketed in 2022 with the Factbook. Learn how the lubricants industry has evolved and get continual updates.

Subscribe to L***s'n'Greases today and get the new online Factbook, Special Report on Base Stocks with the February issue and much more. Learn more. https://bit.ly/3SdPGV4

01/22/2024

Uzbekistan’s refiner and base oil marketer Saneg revamped API Group I base oil production at its Fergana refinery with catalysts provided by the Danish engineering company Topsoe, the company told L**e Report Tuesday.

Uzbekistan’s refiner and base oil marketer Saneg revamped API Group I base oil production at its Fergana refinery with catalysts provided by the Danish engineering company Topsoe, the company told L**e Report Tuesday.

01/19/2024

Sales of new passenger cars in Russia rebounded by 69% in 2023 to 1.1 million units, boosted by a hefty uptake of Chinese models, the Moscow-based analytical agency Autostat reported Jan. 11.

Sales of new passenger cars in Russia rebounded by 69% in 2023 to 1.1 million units, boosted by a hefty uptake of Chinese models, the Moscow-based analytical agency Autostat reported Jan. 11. The revival, improving from 626,000 units sold in 2022, remained far behind numbers in 2021, the year before...

01/17/2024

Eastern Lubricants Blenders Ltd. reported a steep drop in net profit and an operating loss on a slight decline in sales for the quarter ending Dec. 31, which is the second quarter of its fiscal year.

Eastern Lubricants Blenders Ltd. reported a steep drop in net profit and an operating loss on a slight decline in sales for the quarter ending Dec. 31, which is the second quarter of its fiscal year.

01/15/2024

Petroleos de Venezuela S.A. and the owner of Refineria Isla have reached an agreement resolving a debt dispute and re-establishing commercial relations – raising the possibility that the Caribbean’s only base oil plant may reopen.

Petroleos de Venezuela S.A. and the owner of Refineria Isla have reached an agreement resolving a debt dispute and re-establishing commercial relations – raising the possibility that the Caribbean’s only base oil plant may reopen.

01/11/2024

Russia – the largest country in the world, spanning two continents and 11 time zones – consumes a range of motor oil viscosity grades, although 5W multigrades are the most popular, according to a market survey conducted by Moscow-based consultancy B2X.

Russia – the largest country in the world, spanning two continents and 11 time zones – consumes a range of motor oil viscosity grades, although 5W multigrades are the most popular, according to a market survey conducted by Moscow-based consultancy B2X.

01/08/2024

MUMBAI – India’s total base oil production capacity is set to jump in the next few years due to expansions by state-owned oil companies, a Hindustan Petroleum official said at an industry event held here last month.

India’s total base oil production capacity is set to jump in the next few years due to expansions by state-owned oil companies, a Hindustan Petroleum official said at an industry event held here last month. Ramachandra Rao said projects by his company and Indian Oil will reduce the nation’s depe...