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estaff

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Base Oil Production Falls in Japan

Japan’s base oil production for April fell 20 percent compared to the same month last year, according to data recently released by the country’s Ministry of Economy, Trade and Industry.

Promoting Out of a Crisis

As China slowly reopens its economy, domestic lube suppliers see survival at the top of the agenda and are using promotional events and new distribution channels in attempts to jump start sales.

U.S. Lifts Sanctions on Nynas

Nynas AB announced Tuesday that Petroleos de Venezuela S.A. sold a 35 percent stake in the company and that the United States lifted sanctions against Nynas as a result of the divestment.

Spain’s Lube Demand Slightly Down

Spain’s total lubricant consumption decreased 1.5 percent last year to 455,861 metric tons, according to Sigaus, a non-profit entity that manages used lubricants in the country.
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