Volume 3 Issue 47
Lubricant demand in India is projected to rise 4.3 percent this year, according to Kline & Co., with strong growth for passenger car and two-wheeler lubes more than offsetting flat or near-flat demand in the commercial and industrial segments.
Citing rising crude palm oil prices, Malaysia again postponed implementation of the B10 biodiesel program in its transportation sector and B7 in its industrial sector - this time indefinitely.
Sri Lankas demand for marine lubricants plummeted last year, and some observers blame high import duties for driving up local costs and steering shipowners to ports in other countries.
Net profits for Thai Lube Base fell 69 percent during the quarter ended Sept. 30, while Indias Continental Petroleums and Panama Petrochem recorded a 43 percent decline and a 72 percent improvement, respectively.