Volume 3 Issue 29

Hope for Recovery Voiced at Webinar

Order volumes for every lubricants market sector, from base oils and additives to finished lubes, dropped by 40% in April and May due to the economic impacts of COVID-19, panelists said during a July 8 webinar organized by the Independent Lubricant Manufacturers Association.

Base Oil Plant Studied in Brazil

Two energy start-up companies – Houston-based Oil Group Investments and Rio de Janeiro’s EnP – have agreed to study the feasibility of developing a base oil plant and small fuels refinery in southeastern Brazil.

U.S. Auto Sales Continue Rebound

Auto sales in the United States showed signs of life later in the second quarter, though numbers remained down on a year-to-year basis due to the COVID-19 pandemic, according to data from a car dealers association and research firm.

WD-40 Profits Down

WD-40 reported net income of $14.5 million for the quarter ending May 31, down 20% from a year earlier, with net sales for its maintenance products group down 16 percent at $87.9 million. The company cited the COVID-19 pandemic as a major factor in decreased sales.

From Other Editions of Lube Report

Rosneft’s Sales Grew in 2019

Chinese Refiner Produces Group III

Formulating Bike Lube Systematically