Industry News

Platts, part of S&P Global Energy, has proposed launching weekly Group III base oil spot assessments for free-on-board (FOB) Asia, with an effective date of 2 September, the price reporting agency said. The proposed assessments would reflect spot cargoes of

Guangzhou Automobile Group (GAC Group) and China Petroleum & Chemical Corporation (Sinopec) have opened what they describe as China’s first integrated energy-and-auto service station, combining fuel

TotalEnergies and Great Wall Motor have signed a cooperation agreement for the third phase of their joint laboratory and agreed to expand overseas localised supply, moving their partnership into a stage centred on technology co-creation and global

JLR set out plans on Wednesday to deliver double-digit revenue growth by widening propulsion choice across its Range Rover and Defender lines and sharpening its focus on North America, its largest market. In an investor update at its Gaydon, England,

The European Commission has cleared, without conditions, the proposed acquisition of a majority controlling interest in Castrol by Stonepeak Partners LP, removing one regulatory hurdle for the sale of BP p.l.c.’s lubricants business. The Commission approved the deal

Shell Lubricants and BMW M Motorsport have renewed their long-standing partnership following the conclusion of the 2026 24 Hours of Le Mans, extending their agreement with a strengthened focus on research and development (R&D), including sustainable fluid technologies for motorsport

Chevron Corporation is close to finalising agreements to supply a USD 3-billion natural gas liquids (NGL) processing venture in Argentina’s Vaca Muerta shale formation, joining

Olin Corporation and Huntsman Corporation have entered a definitive agreement to combine in an all-stock merger of equals, creating a leading North American chemicals company, the two firms said on 16 June. The combined business will be renamed OlinHuntsman Corporation

Global supply of premium base oils is expected to stay tight for months, even as the United States and Iran sign an interim deal to end the war and reopen the Strait of Hormuz, as depleted inventories and disrupted Group

The Council of the European Union (EU) has imposed sanctions on Xinxiang Richful Lubricant Additive Company, which it describes as one of the largest lubricant additive manufacturers and distributors based in China, accusing it of