Europe reported slightly lower grease production in 2019, according to a survey conducted by the United States-based National Lubricating Grease Institute.
By a slender margin, base oil traders stayed within the half-year 200,000 metric ton quota on API Group II imports into the European Union, probably because of depressed demand due to the COVID-19 pandemic’s chilling of economic activity.
Russian lubricant maker Lukoil boosted production at its stand alone lubricant blending plants by 5 percent to 138,000 metric tons in 2019, thanks to the launch of a sixth facility in Kazakhstan, according to the company’s annual performance results report.
Shell and BP are among 150 signatories of a letter to United Kingdom Prime Minister Boris Johnson urging the U.K. government to emphasize sustainability in its COVID-19 recovery plan.
The lubricant industry has been hit hard by the COVID-19 pandemic, and demand could remain depressed at least into 2022, threatening the survival of many suppliers, according to two speakers at a webinar last week.
A joint venture between Uzbekneftegaz and Russian energy giant Gazprom says it is moving forward with a previously announced revamp of a refinery in Fergana, Uzbekistan, including an API Group II and III upgrade of a base oil plant there.
United Kingdom-based Verification of Lubricant Standards announced last week that it reported an engine oil marketed by HyperDrive Lubricants to the National Trading Standards Board for failing to meet its performance claims.
Russian lubricant manufacturers are slashing investment, staff and marketing projects during the Covid-19 pandemic in favor of digital incentives, according to an industry survey.
There are signs of moderate recovery in May for passenger car registrations across the European Union, according to the latest data from the European Automobile Manufacturers Association.
Authorities in Ajman, United Arab Emirates, confiscated 100,000 packs of fake engine oil after a sweep last week on a counterfeit operation in the tiny emirate’s industrial area. The Department of Economic Development’s Control and Consumer Protection Department seized what it described as international trademarked products worth 20 million dirham (U.S. $5.45 million).