Volume 2 Issue 43
Demand to supply of tonnage is well balanced in the U.S. Gulf, keeping rates mostly stable. European markets are not under a great deal of stress either. However, Asia has been quieter recently.-by Adrian Brown
Bahrain Petroleum Co. has signed an agreement appointing Shell Trading and Shipping Co. exclusive distributor in Europe and the Americas of Bapcos API Group III base oils.
Fuchs Petrolub, the world's largest independent lubricant manufacturer, will be carbon-dioxide neutral by the start of 2020, the company announced on Friday.
Russias motor oil consumption is expected to rise by a compound annual rate of 1.4 percent through 2024 as the countrys active vehicle parc increases, while sales of new Russian-made cars stagnate, a consultancy found.