Volume 6 Issue 41

South America Demand Forecast to Outpace North

North America’s finished lubricant demand is projected to grow at a compound annual rate of 0.8% out to 2032, held back by shrinking consumer demand for automotive lubes, while the South American market is forecast to expand at a 2.5% rate, boosted by rising demand in the consumer and industrial segments, according to consultancy Kline & Co.

U.S. Base Oil Exports, Imports Both Decline

The United States exported 22% less base oil in July – as shipments to Colombia and Brazil plummeted – and imported 21% less, according to data released by a U.S. government agency. Imports from South Korea, Indonesia, Qatar and United Arab Emirates all shrank sharply.

Lubes’n’Greases October Issue Available

The October issue features a special report on additives. Find out from where Russia is sourcing its additives after the major additive suppliers withdrew from the country as well as which factors have affected global additive supply during the past few years. Plus, discover how a Shell employee with ties to Oppenheimer was critical to key developments in additives and finished lubricants.

IFC Undertakes Third Global Spec

Three years since its founding, the International Fluids Consortium has begun working on its third engine oil specification even as it writes base oil interchange rules and develops a registration system that will allow its first two specs to come to market.

From Other Editions of Lube Report

Lighter Engine Oils Lose Ground in Russia

Shell Acquires Transformer Fluid, Coolant Lines

Hindustan Will Form Subsidiary for Lubes

Briefly Noted

Brazil’s National Association of Motor Vehicle Manufacturers, or Anfavea, reported that sales of passenger cars in the South American country reached 198,000 in September, a 2% increase compared to the same month last year.