News
Spain’s Lube Demand Rose in 2018
Spain’s lubricants demand increased 1.2 percent to 354,000 metric tons in 2018, marking its fifth consecutive year of growth, Spanish lubricants association Aselube said in an activity report [...]
Middle East May Shift to Better Lubes Faster
DUBAI, United Arab Emirates – More than 26 million new light vehicles will enter the Middle East vehicle parc between now and 2023, and that could speed the shift to higher quality lubricants [...]
Gradual Lube Demand Impact Expected from EVs
GUWAHATI, India – The rising global penetration of electric vehicles eventually will heavily impact overall lubricant demand, and the lubricants industry must prepare to meet the new requirements [...]
Vietnamese Lube Spec Unlikely to Impact Quality
Vietnam’s implementation of a mandatory national lubricant standard last December may reduce the availability of low quality recycled lubricants, but overall lubricant quality in the market [...]
Global Marine Lube Demand Steady
Marine lubricant demand remained on its steady – if slightly declining – course in 2018, totaling an estimated 2.3 million tons, according to consultancy Kline & Co. The firm expects that [...]
Lube Industry Confronts Talent Shortage
Asia’s lubricant industry faces a shortage of skilled workers, and finding ways to attract local talent and younger employees is key to solving the problem, according to industry experts. Globally [...]
Vietnam Hikes Environmental Tax on Lubes
Vietnam will double its environmental tax for lubricants beginning Jan. 1, according to a resolution passed by the country’s National Assembly Standing Committee last month. The environmental [...]
Semi-Synthetic Prices Rise at Quick Lubes
The average price for an oil change using five quarts of semi-synthetic oil rose 11.4 percent this year to just under $48, while the cost for one with full synthetic oil dipped to just over $74, according [...]
VGP Impacted Global Marine Lubes Market
The U.S. Environmental Protection Agency’s Vessel General Permit created a global standard that has drastically affected the marine lubes industry by requiring environmentally acceptable [...]
Middle East Lubes Still Promising
Worries about the Middle East finished lubricants market have dominated recent news headlines, but according to one industry veteran, the outlook for the sector holds promise in the [...]
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