Volume 1 Issue 36
There have not been any particular developments in the different regions around the world. Activity levels remain subdued, and rates are soft all over.-by Adrian Brown
Worries about the Middle East finished lubricants market have dominated recent news headlines, but according to one industry veteran, the outlook for the sector holds promise in the medium term.
Gazpromneft-Lubricants reported that it sold 319,000 metric tons of base oils and finished lubricants during the first half of 2018, a 20 percent increase from the same period of 2017. Officials attributed the improvement to sales growth in Russia and abroad.
Global capacities for API Group III base oils, polyalphaolefins and polysobutenes have all increased significantly in the past decade. Lubes'n'Greases newly published 2018 Nonconventional Base Stock Guide provides data on sources for those and four other key types of synthetic base stocks.