Volume 2 Issue 32
The U.S. market is not overtly strong, yet vessels are quietly fixed away and at rates that are not especially competitive. The European coastal market is making steady progress, but deep-sea is slow. Asian markets are rather slow all around.-by Adrian Brown
ExxonMobil announced last week that it has increased low-viscosity polyalphaolefin production capacity at its Gravenchon, France, plant by 19 percent to 105,000 metric tons per year.
Like others around the world, Russias lubricant market is shifting toward API Group II and Group III base oils, and a consultant predicts that this will lead to further Group I rationalization and reduction of Russian Group I exports.
Independent lubricants blender Fuchs Petrolub SE posted decreased profit and sales, and BPs lubricants business reported a slight decline in profit for the second quarter, compared to 2018s second quarter.