Volume 3 Issue 4
Middle East Supply Glut Weighs on Base Oils
January 28, 2020A dramatic increase in base oil availability from the Middle East is fueling a supply glut that could exceed 3 million metric tons a year, according to an industry executive.
Nynas Outlines Reorganization Next Steps
January 28, 2020Nynas AB disclosed details and the next steps surrounding the companys reorganization efforts last week, including an attempt to change its ownership structure to escape sanctions that have undermined its profitability for over two years.
EU Commercial Vehicle Sales Up in 2019
January 28, 2020Commercial vehicle registrations across the European Union rose by 2.5 percent to 2.5 million in 2019, marking the seventh consecutive year of growth, according to the European Automobile Manufacturers Association.
From Other Editions of Lube Report
January 28, 2020Briefly Noted
January 28, 2020Krahn Chemie, a German chemical distributor, acquired a majority share of Athens, Greece-based lubricant additives distributor InterActive S.A.InterActive distributes to the Israeli, Greek and Cypriot markets.