Volume 5 Issue 48
U.S. Leads North America’s Rebound
November 30, 2022North American lubricant demand in 2021 almost recovered to pre-pandemic levels, driven by strong growth in the United States’ market. Despite inflation, rising raw material costs and supply chain disruptions, North America’s total lubricant demand reached 97% of the 2019 total, consultancy Kline & Co. found.
U.S. Base Oils Fall in September
November 30, 2022The United States’ base oil production declined 16% in September, and production for the first nine months of the year was down 4%, compared to the same periods last year, the U.S. Energy Information Administration reported today.
Impact of EVs Greater on MWFs than PCMO
November 30, 2022E-mobility's impact on the industry will be felt more acutely by MWF producers, according to a new ILMA report.
From Other Editions of Lube Report
November 30, 2022Luberef Plans IPO; Will Make Group III
Briefly Noted
November 30, 2022November U.S. auto sales are expected to be up 11% at 1.1 million units sold, according to a forecast released by Cox Automotive on Monday. Cox noted that new-vehicle inventory levels are much higher this month at dealer lots across the country than in the same month last year.