Volume 10 Issue 21
Ukraine Conflict Goldmine for Russian Grease Business
May 21, 2025Russia’s domestic grease market is still lucrative despite sanctions and escalating raw materials costs.
Provisional Tariffs on Imported UAE Lubes Unfair
May 21, 2025Lubricant exporters in the United Arab Emirates and U.K. importers of their goods face tariffs on their products more than double those applied to companies named in the interim findings on lubricant dumping by the United Kingdom’s Trade Remedies Authority. The Trade Remedies Authority’s inquiry focusses on three parties – UAE-based lubricant producers SCT Chemical FZE and Chempioil, which produce Mannol-branded products, and their exclusive importer and distributor Lubriage in the U.K. Th...
Phillips 66 Divesting Stake in European Business
May 21, 2025Phillips 66 announced it will relinquish a 65% stake in its fuel retail operations in Germany and Austria, part of a push to streamline operations and boost shareholder value.
OQ Chemicals Rebrands as Oxea After Private Equity Takeover
May 21, 2025OQ Chemicals has changed its name back to Oxea, following its acquisition by two investment firms.
Intel Certifies Shell’s Immersion Cooling Fluid
May 21, 2025IT giant Intel Corp. certified Shell Lubricants’ immersion cooling fluids for use in data centers globally.
Briefly Noted
May 20, 2025From June 2, 2025, or when contracts permit, Dutch white oils and wax company Sonneborn will raise prices by up to 10%. The company said in a press release that the hike is “in response to ongoing geopolitical disruptions and uncertainties that have weakened global supply chains.” Sonneborn says this has caused shortages of materials, shipping delays and cost surges. Sonneborn is an HF Sinclair company.
Lubrizol launched its new automatic transmission fluid additive called AT9311, designed to serve a broad range of passenger cars.
TotalEnergies is to expand roll out of API SQ and ILSAC GF-7 engine oils in Asia-Pacific and the Middle East.