Home April 7, 2020
April 7, 2020
Volume 3 Issue 14
Global base oil markets are under intense pressure as the threat of a worldwide recession sinks demand for lubricants amid few signs of an early respite in the coronavirus pandemic. Middle East base oil refiners’ push for a bigger piece of the API Group II and III base oil market now leaves them exposed in a global base oil supply glut, along with a drop in base oil demand and prices due to the pandemic’s economic impacts.
Polish lube maker Orlen Oil on March 31 announced it would – through the launch of a second liquid tank – increase production of hand sanitizers at its lubricant blending plant in Jedlicze by 20 percent to approximately 1.2 million liters per week in April. The company in early March said it would produce the hand sanitizers as part of a government initiative to fight the spread of the coronavirus in Poland.