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Trends & Studies

China Base Oil Output Recovers

Base oil production in China has largely returned to normal levels, but demand in other parts of the world is still down significantly because of the Covid-19 pandemic and may not recover much until late in the year, according to industry insiders and an analyst speaking at a webinar Wednesday.

Base Oil Production Falls in Japan

Japan’s base oil production for April fell 20 percent compared to the same month last year, according to data recently released by the country’s Ministry of Economy, Trade and Industry.

Base Oil Production Falls in Japan

Japan’s base oil production for April fell 20 percent compared to the same month last year, according to data recently released by the country’s Ministry of Economy, Trade and Industry.

China Base Oil Output Recovers

Base oil production in China has largely returned to normal levels, but demand in other parts of the world is still down significantly because of the Covid-19 pandemic and may not recover much until late in the year, according to industry insiders and an analyst speaking at a webinar Wednesday.

Japan’s Car Sales Slump in April

Registrations for sales of new passenger cars, trucks and buses fell 29 percent in April, compared to a year earlier, according to data released on May 18 by the Japan Automobile Manufacturers Association.

Esso Thailand’s Lube Sales Down

Esso (Thailand) Public Co.’s lubricant sales fell 5.7 percent last year, in line with a decline in the country’s sales of motor vehicles and motorcycles.

Food-grade Lube Demand Spikes

Covid-19 pandemic lockdowns in Asia have resulted in increased demand for food-grade lubricants, industry insiders said.

Asia Leads in Wax Supply

Asia accounted for more than half of 11.2 billion pounds of global wax supply in 2019, leading in petroleum waxes in large part because of China refineries’ widespread production of wax through processes not involving API Group I base oil, an industry insider said.

Asia-Pacific Leads in New Wind Turbines

Asia-Pacific continued to lead in global wind power development in 2019, accounting for 50.7 percent of new installations, boosted by regulatory reform during the past two years, according to a report by the Global Wind Energy Council.

Coronavirus Triggers Crude Crash

The economic wrecking ball that is the coronavirus went into full swing this week when it sent the price of crude oil back to 1991 and pounded stock markets.
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