DUBAI, United Arab Emirates – Is the outlook for base oils and lubricants brighter? Speakers at the ICIS Middle Eastern Base Oils and Lubricants Conference said the global recession has ended and the worlds economy has begun a recovery that should begin to revive lube demand.
But that does not mean a return to the prerecession status quo, according to one analyst. Purvin & Gertzs Blake Eskew said the industry will face a new order that includes higher prices, an acceleration of base oil plant closings and new base oil trading patterns.
Get alerts when new Sustainability Blog articles are available.