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November 6, 2018

Volume 1 Issue 45

Slow Growth for Russian Motor Oil Demand

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Russia’s economy is forecast to continue slowly growing, and that should be enough to spur motor oil demand to increase at a compound annual rate of 1.6 percent through 2023, according to a market research firm. read more

Saudi Project to Make Base Oils at Yanbu

Saudi Aramco and Sabic said they have chosen Yanbu, Saudi Arabia, as the site for a large chemicals refinery that will include a base oil plant. The “crude oil to chemicals” facility is scheduled to open in 2025. read more

Group I Resurgence in South Africa

Not long ago, lubricant blenders in South Africa had begun shifting from API Group I to Group II base stocks. Now a number of them are switching back to Group I, industry insiders told a meeting last week in Cape Town, South Africa. read more

Profits Up for Fuchs, Down for BP Lubes

Independent lubricants blender Fuchs Petrolub SE reported increases in profits and sales, while BP’s lubricants business took a drop in profit for the third quarter, compared to 2017’s third quarter. read more

Briefly Noted

KPI Bridge Oil, a global trader and broker in marine lubricants, promoted Victoria Freeman to chief financial officer last week. She previously held the position of group financial controller with the company.  Lukoil renewed contracts with Alrosa Group to increase lubricant supplies to the mining company’s subsidiaries Severalmaz and Almazy Anabara by 30 percent.