Volume 6 Issue 46

Russian Lube Imports Forecasted to Fall

Russian lubricant demand is expected to further stagnate in 2023 at about 1.7 million tons, as automotive lube imports shrink to record low levels, an industry event heard last week. This year, Russian passenger car lubricant demand could reach 347,000 tons, and about 163,000 tons are expected to come from imports, 6% less than in 2022.

Middle East Holds Base Oil Advantage

The Middle East has cost advantages over other regions when it comes to production of base oils, an analyst told an industry conference last month, thanks to plentiful supply of very waxy crude oils and its use of oil hydrocrackers to make diesel.

Lubes’n’Greases November Issue Available

The November issue delves into new regulations and monitoring of per- and polyfluoroalkyl substances, PFAS, and explains why hybrids may cushion the blow to automotive lubricant manufacturers as electrification accelerates. This issue also explores past, present and future heavy-duty engine oil viscosity trends as well as why U.S. base oil production dipped during the first half of 2023.

Conoil Earnings Down, MRS Oil Up

Among Nigerian blenders, Conoil reported a steep decline in gross profit on lower sales for its lubricants segment, while MRS Oil’s lubricants segment’s gross profit surged by triple digits on a slight increase in sales for the first nine months of this year.

From Other Editions of Lube Report

South Korea Market Forecast to Barely Grow

Ingevity to Close Crude Tall Oil Fatty Acid Plant

U.S. Base Oil Exports Jumped in August

Briefly Noted

New van sales in the European Union reached 1 million in September, a 14% increase from the same month last year, while new truck registrations jumped 23% to 268,766 and new bus registrations rose 19% to 23,645, the European Automobile Manufacturers’ Association reported.