Volume 5 Issue 7
The South African base oil market will become completely import-dependent from March when Sapref – the joint venture between BP and Shell – halts operations at its fuels refinery in Durban.
Rerefiners of used lubricants suffered some of the same problems that have impacted producers of virgin base oils during the COVID-19 pandemic: an initial drop of demand, workplace disruptions, increased transportation costs. But one of the biggest problems for virgin base oil producers – a shortage of feedstocks for their own operations – became a big advantage for the rerefining segment; rerefiners experienced little loss of feedstock supply and enjoyed a significant uptick in demand from ...
Russian base oil exports jumped 21% in December after an 11% decline in November, a trading company concluded, providing an upbeat end to a volatile year marked by supply shortages.
Maritime emissions regulations introduced in 2020 caused ship operators to transition to cylinder oils with lower base numbers of 40 and led a market-leading engine manufacturer to develop a new performance specification for them. But questions remain about the widespread availability of such products, according to speakers at an online webinar last month, and supply issues could create new complications for ship operators.