Paraffinic Group II

Base Oil Report: Trends

Base Oil Report: Trends

October 4, 2021

A Time of Transition   The past 18 months have not been particularly wonderful for the active industries involve ...

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Kazakhstan to Make Group II, III

September 21, 2021

Kazakhstan is working on several new petrochemical refining projects carrying a combined price tag of U.S. $12 billion, ...

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Poland’s Lotos to Add Group II, III

August 3, 2021

Lotos Group will spend 1.4 billion Poland zloty on investment projects in 2021, one of which includes modernization of i ...

Profits Up for S-Oil, Hyundai Shell

Profits Up for S-Oil, Hyundai Shell

July 30, 2021

South Korean refiner S-Oil’s base oil business and Hyundai Shell Base Oil both reported large increases in profits and ...

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Closures Could Keep Base Oils Tight

July 2, 2021

Although oil refineries should eventually ramp back up to normal operating levels, and while this should make more feeds ...

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IOCL Plans Another Base Oil Plant

April 16, 2021

Indian Oil Corp. Ltd. plans to build an API Group III base oil plant at its refinery in Panipat – part of a broader ex ...

United States Base Oils Bounce Back?

United States Base Oils Bounce Back?

April 1, 2021

The COVID-19 pandemic wreaked havoc on the United States base oil market during 2020. It was, as industry veteran Stephe ...

Lukoil Streams Group II in Volgograd

Lukoil Streams Group II in Volgograd

February 2, 2021

Lukoil last week commissioned a new API Group II base oil plant at its refinery in Volgograd, Russia. The 10 billion rub ...

Turkey Gains Group II

Turkey Gains Group II

February 1, 2021

Picture a refinery and you probably think of the endless industrial landscape of the Texas Gulf Coast, not the rolling h ...

Gazprom Breaks Ground on Omsk Project

Gazprom Breaks Ground on Omsk Project

January 26, 2021

Russian oil major Gazprom Neft started construction last week on a modernization of an obsolete base oil plant at its re ...

EU Extends Group II Import Quota

EU Extends Group II Import Quota

January 12, 2021

A year after its initial implementation, the European Union has extended for six more months its duty and 200,000 metric ...

Base Oil Prices Rode Rollercoaster in 2020

Base Oil Prices Rode Rollercoaster in 2020

December 9, 2020

Base oil supply in the United States has been down throughout most of 2020 thanks to the COVID-19 pandemic, but prices h ...

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Petrobras Proceeds with Sales, Group II Project

December 2, 2020

After delays caused by the coronavirus pandemic, Petrobras is moving forward again with plans to divest several oil refi ...

Omsk Refinery Makes Calcium Sulfonate

Omsk Refinery Makes Calcium Sulfonate

November 10, 2020

Gazprom Neft is continuing with a project to add API Group II and III capacity to it refinery in Omsk, Russia, but the s ...

U.S. Hits Lowest Base Oil Production Since Great Recession

U.S. Hits Lowest Base Oil Production Since Great Recession

November 2, 2020

Refiners in the United States produced 25.9 million barrels of base oils in the first half of 2020—10% below what they ...

Redrawing the Map for Base Oils

Redrawing the Map for Base Oils

November 2, 2020

The onset of the coronavirus pandemic was like a mighty gust of wind that blew asunder the many ships sailing the seas o ...

SK’s Q2 Profits, Sales Fall

SK’s Q2 Profits, Sales Fall

July 31, 2020

SK Lubricants posted steep decreases in operating profit and sales for the second quarter, according to an earnings repo ...

EU Group II Imports Stay Below Quota

EU Group II Imports Stay Below Quota

July 5, 2020

By a slender margin, base oil traders stayed within the half-year 200,000 metric ton quota on API Group II imports into ...