Volume 7 Issue 11

Coronavirus Triggers Crude Crash

The economic wrecking ball that is the coronavirus went into full swing this week when it sent the price of crude oil back to 1991 and pounded stock markets.

Shell Indonesia Doubles Capacity

Shell Indonesia will double production capacity at its lubricant blending plant in Marunda Centre, north of Jakarta, to 300 million liters per year, the company announced yesterday.

India Divesting BPCL Stake

India’s government invited bids to buy its almost 53 percent stake in Bharat Petroleum Corp. Ltd., an oil and gas company that is one of the country’s largest lubricant suppliers and one of four domestic base oil producers.

From Other Editions of Lube Report

Petrobras to Exit Colombia

Clean Harbors Hikes Used Oil Pricing

Lube Plant in Poland to Make Hand Sanitizers

Briefly Noted

Chevron Lubricants Lanka launched its Delo diesel engine lubricant lab on Feb. 11 at the Narahenpita Economic Center in Colombo, Sri Lanka, as part of its current marketing campaign.