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November 23, 2018

Volume 5 Issue 47

China's Naphthenic Supply Grows

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China is projected to be the second-largest producer of naphthenic oils this year with 35 percent of global naphthenic oil production, and market growth is expected to continue, an industry insider said last week at the first ICIS Asian Industrial Lubricants Conference in Singapore. read more

Net Profit Down for Gulf Oil India

Gulf Oil Lubricants India Ltd. reported a decline in net profit for its second quarter ending Sept. 30, compared to the same period a year earlier. read more

Briefly Noted

ExxonMobil and China Merchants Group signed a cooperation agreement through which the former will supply a range of marine lubricant products and services. China National Petroleum’s Kunlun Lubricant brand will be renamed Kunlun Lubrication, as the brand expands to become an integrated solutions provider in addition to product manufacturer.