Motor oil demand volume in the six-nation Gulf Cooperation Council is projected to grow by around 20 percent out to 2023, but light vehicle sales sagged over the past two years, dampening current lubricant demand, according to a market research firm. read more
November 26, 2019
Volume 2 Issue 48
Half of Africa’s 54 countries have passed legislation regulating imports of used vehicles – either banning them completely or capping the age of units that can be brought in – and this is changing fleet mixes and gradually impacting base stock needs, an ExxonMobil official said at a conference here. read more
Biosynthetic Technologies and SIP Specialty Oils and Fluids reached an agreement, allowing SIP to distribute Biosynthetic's biosynthetic base oils in Europe. Gazpromneft-Lubricants supplied marine engine oil and lubricants for Saint Petersburg, Russia-based Sovcomflot's Arctic tanker Mikhail Lazarev.