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).
Grease production in Russia rose 51 percent in 2019, continuing a four-year growth trend that has been boosted by a government-sponsored drive to replace imported goods with domestic alternatives, according to a market study.
Turkey’s only base oil plant is likely to resume production once Tupras restarts its Izmir refinery on July 1. Operations at the refinery, which includes a 400,000 metric ton per year API Group I unit, were halted on May 5 because of weak domestic demand for petroleum products caused by the Covid-19 pandemic.
Ukraine lubricant companies contended last week that they are facing a serious financial crisis because of a new base oil import duty that went into effect May 23.