Trends & Studies
Mexicos ongoing changes - including a new president and a revised Free Trade Agreement with the United States and Canada - will shape its economic future, with possible ramifications for its lubricant and base oil markets, an industry insider said at the ICIS Pan American Base Oils & Lubricants Conference.
After several years of decline, Brazil's lubricant industry is showing signs of reviving, according to speakers at an industry conference in Rio de Janeiro last week. Sales from January through April increased 5.9 percent year over year, and demand is forecast to rise an average of 2 percent annually for the next four years.
Attendees at the annual meeting of the Society of Tribologists and Lubrication Engineers heard a call to accelerate their pace of innovation. An official from a bearing manufacturer said the world needs solutions from the industry.
Crude oil prices are more likely to maintain recent gains or continue rising than they are to decrease, an analyst told a lubricants conference yesterday in Palm Desert, California, citing looming United States sanctions against Irans oil petroleum industry and an already tight demand-supply balance.
The American Petroleum Institute announced on May 15 that the Caterpillar Oil Aeration Test, or COAT, was again available for candidate oil testing and that it was ending provisional licensing associated with that test 12 months after it was invoked.
United States operating wind power capacity grew 9.5 percent in 2019 to almost 105,600 megawatts, while power purchase agreements between utilities and corporate buyers hit a record 8,726 MW, according to a market report by the national trade association for the U.S. wind industry.
Shell remained the worlds largest supplier of finished lubricants last year for the 12th consecutive year, ahead of ExxonMobil, BP, Total and Chevron, according to a global study by Kline & Co.
A proposed engine test that is key to the ILSAC GF-6 engine oil specification is failing to discriminate between reference oils, an API official reported last week.
Organizations involved in the development of North American engine oil specifications have expressed concerns about European plans to use several engine tests in the upcoming ACEA 2018 Oil Sequences, warning that dual use could sap testing resources and shorten the lives of the oil categories.
The Freedonia Group and Kline and Co. agree about the biggest factors that will affect automotive lubricant markets in the Americas in coming years, but they disagree about the impact those factors will have. Freedonia forecasts that consumption will decrease from 6.35 million tons in 2016 to 6.3 million tons in 2021, while Kline predicts an increase from 6.7 million tons in 2017 to 6.9 million tons in 2021.