Volume 6 Issue 33

Asian Imports Ascend in Russia

Russia imported 282,000 tons of motor oils in 2022, and more than half of that was shipped from Asia, according to a new study, reflecting the ongoing transformation of the country’s lubricant market after a number of Western suppliers exited last year. One industry analyst told Lube Report Monday that the shift is “irrevocable.”

Germany Lubricant Demand Declined in May

Domestic lubricant sales in Germany, including process oils, declined 10% in May according to data released Aug. 8 by a German government agency. The deepest declines were reported in the metalworking, machine, hydraulic and turbine oils categories.

Special Report: Electric Vehicles

The Special Report on Electric Vehicles examines the greasing and heat management needs of this new category of automobiles plus some lessons gleaned from an electrified racing circuit.

MRS Oil Reports Huge Earnings Increase

Nigerian blender MRS Oil Nigeria Plc reported a nearly six-fold jump in gross profit and an 18% increase in sales revenue for its lubricants segment in the second quarter.

From Other Editions of Lube Report

Bullish Outlook Given for India Market 

Chaoshui Opens Metalworking Fluid Production

U.S. Base Oil Exports Rise in May

Briefly Noted

In the first half of this year, across the European Union, new van sales rose 11% to 730,969, new truck registrations jumped 20% to 179,508, and new bus sales rose 15% to 14,781, as commercial vehicle sales received a boost from the easing of supply chain issues, the European Automobile Manufacturers Association reported.