Global lubricant demand – including process and marine oils – is expected to increase at a compound annual rate of less than 1 percent, to 40 million metric tons by 2020, according to consultancy Kline & Co.
Shell remained the top global supplier of finished lubricants last year for the 10th consecutive year, George Morvey, industry manager for Klines Energy Practice, said during a webinar Nov. 22. ExxonMobil was in second, followed by BP, Chevron, Total, PetroChina, Sinopec, Idemitsu, Fuchs Petrolub, and JX Holdings. Ranking 11th through 20th were Lukoil, Valvoline, Petronas, Gulf Oil International, Gazpromneft Lubricants, Pertamina, Indian Oil, Phillips 66, Hindustan Petroleum and Petrobras. Kline estimated that these 20 global suppliers accounted for 62 percent of total lubricants supply in 2015.
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