Volume 11 Issue 20
South Korea Base Oil Exports Fall
May 17, 2024South Korea exported 19% less base oil at a 32% drop in reported value in April, according to data released earlier this week by a government agency.
Profits Up for Yushiro, KH Neochem
May 17, 2024Yushiro Chemical reported increased fiscal-year net profit and sales for the quarter ended March 31, while specialty chemical producer KH Neochem posted higher operating profit and sales revenue for its performance materials segment for the quarter ended March 31, citing higher selling prices.
Base Oil Output, Demand Rise in India
May 17, 2024Refiners in India increased base oil production by 8% for the fiscal year ended March 31, leaning on a recent expansion at a plant operated by Indian Oil Corp. Ltd.
From Other Editions of Lube Report
May 17, 2024Equinor Joins U.S. Lithium Projects
Briefly Noted
May 17, 2024Sales of motorcycles and scooters in five Southeast Asia countries – Indonesia, Malaysia, the Philippines, Singapore and Thailand – declined 11% to 918,902 in March, compared to 1 million in the same month last year, according to Asean Automotive Federation data. First-quarter sales decreased 8% to 2.7 million, compared to 3 million in the same period last year.