Volume 1 Issue 38
Owners everywhere were glad to see the back of August since it was such a quiet month. September has started cautiously, but there are one or two areas where activity levels have shown a slight improvement.-by Adrian Brown
API Group I production will survive in the Middle East despite rising output of more highly refined base stocks, thanks to demand from within the region as well as Asia and Africa, an industry insider said at a conference in Mumbai last month.
Moove, the lubricant and base oil arm of Brazil-based energy multinational Cosan, announced the recent acquisition of two lubricant distributors in Europe - Lubrigrupo in Portugal and TTA Lubrifiants in France.
The South African Competition Tribunal last Thursday conditionally approved a Glencore-backed consortiums proposed acquisition of a controlling stake of Chevrons downstream operations in the country, which industry observers said would be a landmark deal for the domestic lubricants market.