Brazil

Brazil Base Oil Output, Imports Up
Petrobras HQ in Rio. Petrobras is a major base oil producer. ©Orlando Neto / shutterstock

Brazil Base Oil Output, Imports Up

November 13, 2024

Brazilian refiners continued making base oil at a steady pace in September, churning out 49,000 kiloliters, according to ...

Moove Acquires Grupo Pax

Moove Acquires Grupo Pax

November 6, 2024

Brazilian lubricant maker and distributor Moove acquired Grupo Pax and its three lubricant companies. The Brazilian Anti ...

Moove Suspends IPO

Moove Suspends IPO

October 16, 2024

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

Oleon Acquires Brazilian Company

Oleon Acquires Brazilian Company

October 2, 2024

Belgian oleo-chemicals company Oleon acquired a majority stake in A.Azevedo Óleos, a Brazilian oleo-chemical company ba ...

Moove IPO Confirmed

Moove IPO Confirmed

September 18, 2024

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

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Petrobras Wants Refineries Back

September 11, 2024

Petrobras is negotiating to regain ownership of the Landulpho Alves refinery and reverse the previous administration’s ...

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Brazil Base Oil Output, Imports Rise

September 4, 2024

Base oil production in Brazil rose 8% in July, compared to the same month last year, according to the latest data from a ...

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YPF to Sell Lubes Units in Brazil, Chile

May 29, 2024

The head of Argentinian oil major YPF said recently that the company will sell its businesses in Brazil and Chile, both ...

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Brazil Base Oil Output Edges Higher

May 29, 2024

Base oil production in Brazil increased by 9% in April, according to data released by the National Agency of Petroleum, ...

Moove Profits Rebound in First Quarter

Moove Profits Rebound in First Quarter

May 29, 2024

Cosan’s Moove rebounded with a net profit in the first quarter – after a net loss in the same period last year – o ...

Brazil Base Oil Imports Up Again

Brazil Base Oil Imports Up Again

May 1, 2024

Brazil imported 62% more base oil in March, compared to the same month last year, according to data released Tuesday by ...

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Brazil Base Oil Output Surges

April 24, 2024

Brazil’s base oil production jumped by 66% in March, according to data released this week by a government agency.

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Brazil Base Oil Imports Up in February

April 3, 2024

Brazil’s base oil imports and exports both rose by double-digit percentages in February, according to data released la ...

Higher Sales Power Moove Earnings

Higher Sales Power Moove Earnings

April 3, 2024

Moove achieved large increases in profits and combined lubricants and base oil sales volume for both full year 2023 and ...

Brazil Base Oil Output Up in January

Brazil Base Oil Output Up in January

March 13, 2024

Base oil production in Brazil rose 16%, and base oil imports volume ballooned by 47% in January, according to data relea ...

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U.S. Base Oils Dominate Latin America

February 28, 2024

Structural shortages of base oil production in Latin America are attracting imports from other regions, and the market i ...

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Will Nixing of Lubnor Sale Hurt Industry?

February 28, 2024

When Petrobras nixed the sale of its Lubnor refinery last year, it seemingly reduced the likelihood of near-term upgrade ...