Volume 5 Issue 32
Lotos Lube Sales Rose, Base Oils Fell
August 9, 2022The former Lotos Oil sold 92,927 metric tons of finished lubricants last year, up from the 77,243 tons sold in 2020, by increasing sales in the automotive segment, according to the company’s latest operational report. Last year, the company sold 167,361 tons of base oils, compared with 180,153 tons in 2020, and it is set to revamp its base oil production in Gdansk.
Lube Demand Falls in France
August 9, 2022Lubricant consumption in France decreased 3% to 46,452 metric tons in June, compared to the same month last year, according to data released Aug. 4 by the Paris-based Professional Lubricants Center. For the first half of this year, consumption was off by 2% at 271,959 tons.
Earnings Decrease for Castrol, Conoil
August 9, 2022BP’s Castrol segment reported a decrease in underlying replacement cost before interest and taxes for the second quarter ending June 30, yet remained hopeful for the business’ future. Nigeria’s Conoil saw a steep drop in gross profit for its lubricants segment but posted increases in sales revenue and cost of sales.
From Other Editions of Lube Report
August 9, 2022China’s Economy Weighs on Lubes Industry
Briefly Noted
August 9, 2022New commercial vehicle registrations across the European Union fell 23% in June to 144,210, compared to the same month last year, the European Automobile Manufacturers Association reported. During the first half of this year, EU commercial vehicle registrations declined 20% to 817,090.