Volume 1 Issue 8
It 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
As 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.
Automotive 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.
Geoffrey Ssekatawa, founder of Uganda-based Brent Technologies Ltd., received the African Entrepreneurship Award for pioneering a homegrown technology for rerefining used engine oils.