August 10, 2018
Volume 6 Issue 11
Crude Hampers Base Oil Profits; Results Mixed for Indian Lubes
Narrowing base oil margins caused weak to poor second-quarter results for SK Lubricants, S-Oil and the Hyundai Oilbank-Shell joint venture. GP Petroleums also had lower profits for the period ended June 30, while earnings rose at Gulf Oil Lubricants India Ltd. and Savita Oil Technologies.