The European Commission last week adopted a quota for API Group II base oil imports, determining that volumes above 400,000 metric tons per year will be subject to duties of 3.7 percent. read more
November 19, 2019
Volume 2 Issue 47
API Group I rationalization continues to occur in Europe, Russia and the Commonwealth of Independent States with more expected in the Middle East while an influx of new Group II capacity is projected to result in a surplus of that grade in Russia and CIS countries, an industry insider said. read more
Gazpromneft Marine Lubricants appointed Roman Miroshnichenko managing director this month.