Volume 3 Issue 37

Rebound Forecast for Industrial Lubes

Global 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

BP 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

The 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

Shanghai Group to Set Local Standards

Gulf Base Oil Plants Weather Laura

New Grease Spec Coming to Market

Briefly Noted

CDR will distribute Champion Lubricants’ passenger car products in the Italian market under a recently announced agreement.