Volume 1 Issue 40
The volume of trade around the globe remains disappointingly slow, with none of the main trading areas in the Americas, Asia or Europe faring particularly well at the moment.-by Adrian Brown
Uncertainty looms over the future of marine lubricants as the shipping industry looks to cut costs and regulations come to fruition requiring formulation changes, said an industry insider at a conference held in early August.
Joint venture Azmol-British Petrochemicals ramped up its production this year, with European automakers recommending its lubricants for their vehicles, and entered new markets for the first time since restarting operations in 2017, the company said.
A Glencore-backed consortiums acquisition of Chevrons downstream operations in South Africa and Botswana is complete, and the acquired entity will have a new CEO and fresh company name - Astron Energy - Astrons chairman confirmed to Lube Report.