Volume 1 Issue 3
Markets in Asia, Europe and the United States all got off to a fairly sedate start to the year. Encouraging signs have been seen on some, but not all, of the main routes in these areas. Things should become clearer over the next week or so.-by Adrian Brown
Russias Gazpromneft-Lubricants signed a lubricant toll blending agreement with Kuwait Petroleum Internationals Q8 Oil to increase its production volumes and presence in Europe.
South Africas Competition Commission has endorsed Sinopecs bid to acquire a controlling stake in Chevrons downstream operations in the country, the latest step in a back-and-forth competition for the business.
The economies of countries in Central and Eastern Europe have been relatively buoyant in recent years, making their small and fragmented lube markets worthwhile to outsiders, an official with Hungarian lube maker Mol-Lub Ltd. said at a recent conference in Antwerp.