Briefly Noted


BP’s lubricants business reported an underlying replacement cost profit before interest and tax of $63 million for the second quarter, down 80 percent from $321 million for 2019’s second quarter. The company cited the impacts of COVID-19 pandemic-related demand destruction, with lubricants volumes in Europe, North America and India 40% to 50% lower in the quarter, compared with a year earlier.  Shell and Ducati announced the three-year renewal of their engine oil first fill agreement for all Ducati motorcycles produced at its factories in Bologna, Italy and Rayong, Thailand.

Related Topics

Market Topics    No Index