Iran’s place in global API Group I base oil markets is proving surprisingly resilient despite last month’s snap-back of United States sanctions targeting the Islamic Republic’s oil sector. Exports continue because of Washington’s decision to grant import waivers to eight countries, allowing them time to seek alternative supply sources. read more
December 18, 2018
Volume 1 Issue 51
Electric vehicles will make a more noticeable impact on passenger car motor oil demand after 2027 onwards when sales come to depend on market forces – including shared mobility applications – and less on government incentives, an industry observer told ACI’s European Base Oils & Lubricants Interactive Summit in Florence, Italy. read more
The European Commission approved Quaker Chemical Corp.'s acquisition of Houghton International last week. The acquisition is conditional on the sale of Houghton's European lubricants businesses. Oxea will increase prices in Europe effective Jan. 1 for heptanoic acid by 50€ (U.S. $56.75) per metric ton and isononanoic acid by 80€/t.