Volume 3 Issue 26

Dire Times Forecast for Industry

The lubricant industry has been hit hard by the COVID-19 pandemic, and demand could remain depressed at least into 2022, threatening the survival of many suppliers, according to two speakers at a webinar last week.

Fergana Upgrade on Track for 2023

A joint venture between Uzbekneftegaz and Russian energy giant Gazprom says it is moving forward with a previously announced revamp of a refinery in Fergana, Uzbekistan, including an API Group II and III upgrade of a base oil plant there.

Brit Businesses Call for Sustainable Recovery

Shell and BP are among 150 signatories of a letter to United Kingdom Prime Minister Boris Johnson urging the U.K. government to emphasize sustainability in its COVID-19 recovery plan.

From Other Editions of Lube Report

Australia Sales Fell in April

Hindujas in Court Over Ownership

Oil Change Sales Rise

Briefly Noted

The Union of the European Lubricants Industry announced that it cancelled its 2020 congress in Athens due to the “unprecedented crisis we are going through and uncertainty about the future.” In its place, UEIL will host a one-day virtual networking event in October. The European Automobile Manufacturers’ Association revised its 2020 forecast for car registrations to 9.6 million units in 2020, down 25 percent from 12.8 million in 2019, due to the economic effects of the COVID-19 pandemic.