Europe’s finished lubricant demand is expected to stagnate during the next few years, affected by the continent’s continued energy crisis and high energy prices, in addition to the gradual transition towards carbon-neutral industry and electric vehicle mobility, an industry event heard recently in Barcelona, Spain.

Founded in 2002, Penthol has grown to become a leading player in the API Group I, Group II and Group III base oil markets supplying North America, Turkey, South Africa and Europe. In this article, Lubes’n’Greases talks to Andrey Savin, Global Business Development Manager at Penthol, about continued growth, becoming a trusted brand and breaking into new markets of paraffinic and naphthenic base oils.

Finished lubricants demand in Germany, including process oils, fell 21% in September, continuing a year-long trend of monthly decreases, as only transformer oils and greases for cars showed upticks, according to government agency data released today.

United Kingdom-based blender Exol Lubricants Ltd. reported a 12% decline in net profit on a 25% rise in sales for full-year 2022, as price hikes led to a small decline in operating profit, according to its financial statements filed recently with a U.K. government agency.