API activates Emergency Provisional Licensing over Middle East base oil crisis
The American Petroleum Institute has officially activated Emergency Provisional Licensing for all Engine Oil Licensing and Certification System licensees affected by the ongoing Middle East conflict, confirming that the supply disruptions qualify under the force majeure provisions of API 1509
Sumitomo, Cemvita team up on bio-methane and SAF precursor in Brazil
Sumitomo Corporation do Brasil and Cemvita, Inc. signed a memorandum of understanding (MOU) on 18 March 2026 to jointly develop integrated bio-methane (renewable natural gas, RNG) and renewable bio-oil (FermOil™) projects in Brazil, targeting the
Bangchak ramps up diesel output amid Middle East-driven demand surge
Thailand’s Bangchak Corporation Public Company Limited says it has been running at full operational capacity across procurement, refining, and distribution in response to soaring fuel demand triggered by unrest in the
BASF raises NPG prices in Europe, adding cost pressure for synthetic lubricant makers
BASF SE has announced an immediate increase in the price of neopentyl glycol (NPG), marketed under the Neol® brand, in Europe, effective immediately or as existing contracts permit. The polyalcohol intermediate, a critical building block for lubricants, plasticisers, and polyester
Hitachi unit launches compressor oil with 40% lower lifecycle CO₂
Japan’s Hitachi Industrial Equipment Systems Co., Ltd. (HIES) has launched Green Screw Oil, a plant-based lubricant for oil-flooded screw air compressors that reduces lifecycle CO₂ emissions by approximately 40% compared with
F+L Daily exclusive: Responding to ILMA’s emergency request, API will announce Emergency Provisional Licensing
The American Petroleum Institute (API) is opening Emergency Provisional Licensing (EPL) in response to the Independent Lubricant Manufacturers Association’s request for emergency relief under the Engine Oil Licensing and Certification System, F+L Daily has learned. In the next few days,
Bosch enters Philippine lubricants market with a full range of engine oils
Bosch Mobility Aftermarket has officially launched Bosch Lubricants in the Philippines, introducing a portfolio of high-performance engine oils covering gasoline, diesel, hybrid, motorcycle and commercial vehicle applications. The
Cargill triples European FR3 fluid output with new Gouda plant
Cargill has opened a new FR3® natural ester dielectric fluid production facility in Gouda, the Netherlands, tripling the company’s European supply capacity as demand grows from
Missile strikes on Ras Laffan cut Qatar’s LNG exports by 17%
Missile attacks on Qatar’s Ras Laffan Industrial City on 18 and 19 March 2026 have knocked out approximately 17% of Qatar’s liquefied natural gas (LNG) export capacity, with QatarEnergy estimating annual revenue losses of USD 20 billion and repair timelines
bp sells Gelsenkirchen refinery to Klesch Group
bp has reached an agreement to sell its Gelsenkirchen refinery and related businesses to Klesch Group, an independent European refiner, in a transaction the British energy major says accelerates its strategy to simplify its downstream portfolio and strengthen its balance