Two Singapore-based lubricant producers – AP Oil International and United Global Ltd. – reported recently that their earnings declined in 2020. AP Oil blamed a drop in sales and profit margins during the year of the coronavirus pandemic, while United cited the transition of its finished lubes business to a joint venture.

Asia-Pacific’s wind power capacity reached almost 56 gigawatts in 2020, a 78% increase from 2019, according to data released last week by the Global Wind Energy Council. China accounted for 94% of that new capacity, breaking the world record for most installed in a single year, with 52 GW.

South Korea exported more base oil at a greater value in February than in the same month in 2020, according to data published by the Korea Customs Service. The value for February was its highest for a month since before the COVID-19 pandemic started last year.