Analysts have predicted the imminent demise of the European API Group I base oils industry for at least a decade. But while some refinery closures remain in the cards, optimists point to improved margins as the main reason why the outlook seems better than it has for some time.
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Issue 72: June 2015 Lubes'n'Greases Magazine
Europe, Middle East and Africa
India boasts a growing economy with large domestic demand. It is also in the process of modernizing its vehicle population, which bodes well for increased lubricant sales.
The two potential scenarios share a number of common features. The auto industry will be driven by lowest practical cost to comply, and it will continue to seek lubricant fuel economy benefits. And intense competition in either case will drive costs down.
Russia’s largest lube producers are trumpeting the new government policy of import substitution, urging users to switch to locally made products as a countermeasure to Western sanctions.
Lubes'n'Greases Europe-Middle East-Africa is the first independent regional business magazine for and about the lubricants, base oil, additives and lube packaging industries in Europe, the Middle East and Africa. It reports on marketing and technology trends, raw material supplies, regulations and OEM specifications, and the challenges faced by end users of lubes and greases and the solutions that meet their needs. Every issue includes breaking news, in-depth features and informed opinions.
LNG EMEA has separate content from its sister magazine, Lubes'n'Greases, but offers the same reliable, unbiased and vital reporting each month.
The print edition is free to qualified subscribers in Europe, the Middle East and Africa, and is available on a paid-subscription basis elsewhere. The digital edition, an exact replica of the print magazine, is free to qualified subscribers worldwide.
Print and digital subscribers in Europe, the Middle East and Africa will receive the Base Stock Guide for Europe, the Middle East and Africa in July.
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