Home January 14, 2020

January 14, 2020

Volume 3 Issue 2

Middle East Trade Goes on Amid Tensions

Renewed fears arose of disruption to base oil supplies from the Middle East, following the United States killing on Jan. 3 of Iranian Major General Qasem Soleimani in Iraq.

Belarus Halts Exports of Base Oils, Lubes

Belarus halted exports of base oils and finished lubricants this month in an effort to mitigate a potential energy crisis after Russia cut off crude oil deliveries to the country.

Nynas Regains Access to Bank Accounts

Nynas AB regained access to its bank accounts and will pay off expenses incurred during the past month, taking a step toward recovering from financial troubles that led the company to file for reorganization protection in December, it announced last week.

Briefly Noted

Gulf Oil Lubricants India Ltd. extended its engine oil supply agreement with India-based two-wheeler and three-wheeler manufacturer Bajaj Auto for another three years.

Base Oil Reports

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EMEA Base Oil Price Report

Base oil markets have returned to full steam after the seasonal break, and buyers and sellers are trying to fathom just where prices and availabilities lie.- by Ray Masson
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