South America

Brazil Base Oil Production Up, Imports Down

Brazil Base Oil Production Up, Imports Down

July 5, 2023

Brazil’s base oil production rose 7%, while its base oil import volume fell 24% and its base oil exports plummeted 38% ...

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Court Approves Sale of Lubnor Refinery

June 21, 2023

A competition court in Brazil today approved Grepar Participacoes’ acquisition of the Lubnor refinery from Petrobras ...

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Chile to Nationalize Lithium Industry

June 7, 2023

Chilean President Gabriel Boric Font unveiled a plan recently to nationalize the country’s lithium industry, declaring ...

Brazil Base Oil Output, Imports Increase

Brazil Base Oil Output, Imports Increase

May 31, 2023

Brazil’s base oil production rose 9% in April, while base oil imports jumped 14%, according to government data release ...

Terpel’s Q1 Profits Grew in Colombia, Peru

Terpel’s Q1 Profits Grew in Colombia, Peru

May 24, 2023

The lubricant segment of Colombian oil and gas company Terpel attained large increases in gross profit in the first quar ...

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Police in Brazilian State Seize Engine Oil

May 24, 2023

Police in the Brazilian state of Goias, in a joint operation with government agencies, on May 22 seized more than 4,000 ...

Valvoline Earnings Jump; Moove Suffers Loss

Valvoline Earnings Jump; Moove Suffers Loss

May 17, 2023

Valvoline reported double-digit gains in operating income and sales revenue for the quarter ended March 31, while Moove ...

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Brazil Base Oil Output, Imports Dropped in March

May 3, 2023

Brazil’s base oil production fell 35% in March and was down 7% in the first quarter, compared to the same periods last ...

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Terpel Profits Rose in Colombia, Peru

April 26, 2023

The lubricant segment of Colombian oil and gas company Terpel achieved increases in sales volumes and gross profit in 20 ...

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Terpel Invests in Peru Blending Plant

April 19, 2023

Colombian oil and gas company Terpel is making investments to expand production capacity at its blending plant in Peru, ...

Brazil Base Oil Production, Imports Rise

Brazil Base Oil Production, Imports Rise

April 5, 2023

Base oil production and base oil imports volumes in Brazil were again higher in February compared to totals in the same ...

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Chevron Lummus Gets Contracts for Gaslub

April 5, 2023

Petrobras has licensed technologies from Chevron Lummus Global for an API Group II base oil plant being built as part of ...

Latin American Automotive Market Needs an Oil Upgrade

Latin American Automotive Market Needs an Oil Upgrade

April 3, 2023

As the vehicle parc modernizes in Latin America, there is a widening gap between engine oils that new vehicles require a ...

Vibra Profits Jumped in 2022

Vibra Profits Jumped in 2022

March 29, 2023

Vibra Energia’s lubricants business recorded 30% higher profit for 2022 on a 12% increase in sales revenue, while four ...

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New Suppliers Sent Base Oil to Brazil in 2022

March 22, 2023

API Group I and II base oil availability in South America increased in 2022 due to low prices in Asia-Pacific and the Un ...

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Political Pressure Mounts Against Lubnor Sale

March 22, 2023

While Petrobras and Grepar Participacoes await the conclusion of a second regulator review of Grepar’s bid to buy the ...

Brazil Base Oil Production, Imports Rise

Brazil Base Oil Production, Imports Rise

March 8, 2023

Brazil’s base oil market may have had a down year in 2022, but it’s off to a healthy start in 2023, as domestic prod ...

Earnings Mixed at Moove, Sinclair, down at Quaker

Earnings Mixed at Moove, Sinclair, down at Quaker

March 1, 2023

Cosan’s Moove and HF Sinclair’s lubricants and specialties segment both reported higher profits for 2022 but lower p ...