Europe, Middle East and Africa together consume 25 percent of the world’s finished lubricants, yet the region packs on more weight when it comes to base oil supply. It is home to 17.4 million metric tons a year of mineral base oil refining capacity – 30 percent of the global supply – with more coming soon, research from Lubes’n’Greases shows. read more
July 17, 2018
Volume 1 Issue 29
Chevron Lubricants rebranded its commercial and industrial brand in European markets as Texaco Delo. Spanish energy major Repsol said in its updated strategic plan that between 2018 and 2020 it plans to invest €6.8 billion (U.S. $7.9 billion) in its downstream – refining, chemicals, marketing, lubricants, trading, LPG, gas and power – and low emissions assets.