Volume 2 Issue 40
The U.S. Gulf has been slightly busier, which has eliminated a large part of the additional space. European markets have been chugging along reasonably satisfactory. Asia looks quieter because of all the public holidays.-by Adrian Brown
The loss of market share that API Group I base oils have experienced for many years will likely continue and accelerate, and the rationalization pressure on small Group I plants in Europe and Asia will persist as Group II and III makes further inroads globally, an industry insider said at a conference.
A United States appeals court lifted a hold Monday on Crystallex International Corp.s efforts to seize shares of refiner Citgo as part of a grievance with Venezuelas Petroleos de Venezuela S.A.
Global lubricant additive demand volume will grow 0.5 percent per year from 4.6 million tons in 2018 to more than 4.8 million tons by 2023, consultancy Kline & Co. projected, slightly less than the growth projected for finished lubricants due to a sharp decline in detergents for marine lubricants.