Volume 6 Issue 30
SSY Base Oil Shipping Report
July 26, 2019There have not been any particular developments in the U.S. markets. Europe is similar, if perhaps a touch quieter than previously. Asia too is gently ticking over.-by Adrian Brown
Tough Emissions Caps Loom for China, India
July 26, 2019New emissions standards loom for China and India, and both markets could encounter problems related to availability of compliant fuels and engine oil compatibility with gasoline particulate filters, industry insiders said at a conference last month.
Robust Growth Forecast for India
July 26, 2019With its economy forecast to grow robustly in coming years, one oil company predicted recently that India will be the fastest-growing lubricant market in the Asia-Pacific region. At the same time, lube demand will sag in the nearby Middle East, a senior official from GP Global said.
Profits Fall for Korean Base Oil Refiners
July 26, 2019South Korean base oil refiners S-Oil and Hyundai Shell Base Oil posted sharp declines in operating profit for the quarter ending June 30, each noting that base oil margins have declined amid a global surplus.
From Other Editions of Lube Report
July 26, 2019Briefly Noted
July 26, 2019Hyogo, Japan-based Moresco Corp. opened a new lubricant plant in Ahmedabad, India. The facility has the capacity to produce 10,000 metric tons per year of lubricants and hot melt adhesives, and will primarily make lubes for hot forging and metal cutting fluids.