Volume 4 Issue 33

Motor Oil Prices Jump in Russia

Retail motor oil prices in Russia increased about 40% due to short base oil supplies and steep run-ups in operational costs, according to Autodoc.ru, a leading Russian online seller of car parts and finished lubricants.

Lanxess to Boost EP Additives Capacity

In response to growing demand, Lanxess is expanding production capacity for light-color sulfur carriers – extreme pressure additives for the lubricants industry – by several thousand metric tons at its Mannheim, Germany, site by 2023, the company announced last week.

Liqui-Moly Earnings Still Recovering

Liqui-Moly’s earnings for the first half of 2021 more than doubled from the same period of 2020, though they remained “noticeably” below levels that the German lubricant marketer recorded before the COVID-19 pandemic, the company reported last week.

From Other Editions of Lube Report

BASF-Sinopec Expands Chemicals Site

Laya Opens Blending Plant in China

Biden Sets Ambitious EV Goals for U.S.

Briefly Noted

Commercial vehicle registrations in the European Union grew 12% to 185,573 units in June, compared to the same month last year, the European Automobile Manufacturers Association reported. During the first half of 2021, such registrations jumped 37% to 1 million units, compared to the first six months of 2020, reflecting large gains recorded between March and May.