Volume 3 Issue 37

Rebound Forecast for Industrial Lubes
September 15, 2020Global demand for general industrial lubricants will decline 13 percent for this year, due to the COVID-19 pandemic, consultancy Kline & Co. projected. Although down to an estimated 5.6 million metric tons in 2020, demand is expected to grow in 2021 and continue doing so out to 2024.

BP Sales Rebound in Poland
September 15, 2020BP Polska, the British oil major’s subsidiary in Poland, said recently that its lubricant sales in the country have begun rebounding after a drop-off earlier this year and that it hopes to see them return to pre-pandemic levels by the end of this year.

European Energy Use Expected to Fall
September 15, 2020The European Union’s energy demand is forecast to decline by as much as 30% by 2050, depending on how quickly policy measures and societal behavior change to reduce carbon emissions, according to a study by BP.
From Other Editions of Lube Report
September 15, 2020Shanghai Group to Set Local Standards
Briefly Noted
September 15, 2020CDR will distribute Champion Lubricants’ passenger car products in the Italian market under a recently announced agreement.