Volume 1 Issue 8
SSY Base Oil Shipping Report
February 20, 2018It feels like the U.S. market is treading water currently, with only a minimal amount of fixing taking place. Europe is performing reasonably well, but Asia is rapidly decelerating just before the New Year.-by Adrian Brown
Economy Boosts Russian Engine Oil Demand
February 20, 2018As Russias economy slowly recovers from the post-2014 recession, its engine oil market is also showing signs of progress, driven by factors such as rebounding demand for passenger car lubricants and increased sales of synthetics, a market study by GfK consultancy found.
U.K. Lube Demand Slips
February 20, 2018Automotive lubricant demand in the United Kingdom is expected to dip at a compound annual rate of 0.2 percent through 2021 to 286,000 metric tons, claimed The Freedonia Group in a recent press release.
Ugandan Rerefiner Awarded Grant
February 20, 2018Geoffrey Ssekatawa, founder of Uganda-based Brent Technologies Ltd., received the African Entrepreneurship Award for pioneering a homegrown technology for rerefining used engine oils.
From Other Editions of Lube Report
February 20, 2018Briefly Noted
February 20, 2018Nelspruit, South Africa-based Nkomazi Fuel & Oil, which distributes lubricants for Total, is expanding to Kathu in the northeastern end of the Northern Cape province. Moove, the lubricant distribution business of Brazil-based Cosan, will provide motor oils forVulcos chain of tire and automotive service workshops in Portugal, under an agreement that went into effect Feb. 1. The Sahara Force India Formula One Racing Team announced a partnership with Werther, Germany-based lubricants manufacturer Ravensberger Schmierstoffvertrieb GmbH, whose Ravenol lubricants branding will appear on the teams car as well as on the drivers race suits.