New competition from Middle East Gulf refiners is disrupting the status quo, increasingly impacting API Group III base oil markets most notably in Asia where 4 centiStoke and 6 cSt prices previously made strong gains amid tight supply, an industry insider said during a conference last month in Dubai, United Arab Emirates. read more
November 13, 2018
Volume 1 Issue 46
Russian aftermarket motor oil consumption the volume of engine oils used in passenger vehicles post-sale amounted to 161 million liters during the July 2017 to July 2018 period, up 5.2 percent from the same period a year earlier, due to growth in miles driven, according to global consultancy Gipa. read more
African rerefiners agree that overcoming skeptical public perception of their rerefined base oils is a significant hurdle to growth. However, they debated about other factors such as working with multinational companies and choosing the best production process during a panel discussion at an industry conference in Cape Town, South Africa. read more
Total Lubricants will supply its engine oils to Inter Cars Capital Group's 250 retail locations in Eastern and Central Europe after extending their distribution agreement last week. The companies' initial partnership only included distribution to Intel Cars' retail locations in Poland. Total Vostok will manufacture and supply engine and hydraulic oils under the brand Hitachi Genuine Oil after it reached an agreement with Hitachi Construction Machinery Eurasia.