Volume 3 Issue 4

Middle East Supply Glut Weighs on Base Oils

A dramatic increase in base oil availability from the Middle East is fueling a supply glut that could exceed 3 million metric tons a year, according to an industry executive.

Nynas Outlines Reorganization Next Steps

Nynas AB disclosed details and the next steps surrounding the companys reorganization efforts last week, including an attempt to change its ownership structure to escape sanctions that have undermined its profitability for over two years.

EU Commercial Vehicle Sales Up in 2019

Commercial vehicle registrations across the European Union rose by 2.5 percent to 2.5 million in 2019, marking the seventh consecutive year of growth, according to the European Automobile Manufacturers Association.

From Other Editions of Lube Report

Briefly Noted

Krahn Chemie, a German chemical distributor, acquired a majority share of Athens, Greece-based lubricant additives distributor InterActive S.A.InterActive distributes to the Israeli, Greek and Cypriot markets.