Adrian Brown is away this week.

The worlds energy demand in 2040 will be 36 percent higher than in 2010, with oil, gas and coal making up 77 percent of total energy consumption, and hybrid vehicles accounting for about a third of the global light-duty fleet, according to the 2015 edition of ExxonMobils The Outlook for Energy: A View to 2040. Energy Demand The company projects demand for all energy types worldwide will rise at an average annual rate of 1 percent a year from 2010 to 2040. Oil will remain the top energy source, s...

MADRID – Despite its recovering economy, Spains robust capacity for producing base oils and finished lubes far exceeds the countrys demand. With the pattern set to continue, the Iberian nation’s suppliers look to increase exports to northern Africa and elsewhere. Although Spains economy took the global financial crisis hard, its now showing signs of improvement, according to lvaro Diaz, Repsols industrial lubricants manager. Industrial production is up and the nation posted its third...

Lubricant producers in Nigeria believe that declining oil prices will not impact finished lubricant prices in the country, saying devaluation of the local currency is canceling out the impacts of cheaper base oil. Godwin Emefiele, governor of Central Bank of Nigeria, told the local press in late November that the impact of falling crude oil prices has made it difficult for the apex bank to continue to defend Nigerias naira. According to an article in the Vanguard newspaper, he explained that the...

United Arab Emirates-based car dealer Al Habtoor Motors and Russian lube maker Lukoil signed a partnership deal that will expand Lukoils lubricants distribution throughout the Middle East. Under the agreement, the car dealer will distribute Lukoils finished products for industrial and automotive applications within a number of countries in the Middle East Gulf region. The deal was signed Dec. 4 in Dubai, during a ceremony attended by top company officials including LLK International General Dire...