Thursday, 8 May 2014

Lube Report 22 April 2014

April 22, 2014
Volume 1 Issue 16

Lube Report

India’s new fuel economy standards will demand lower viscosity automotive lubricants and more bespoke formulations, an official at a leading oil marketer says.

Right after finishing construction of its second rerefinery, Australia’s Southern Oil Refining says it may have to close its first if the country enacts proposed cuts in consumer-funded subsidies for waste oil recycling.

Sales of diesel-powered vehicles surpassed gasoline-powered cars in South Korea for the first time in 2013.

Gazprom Neft has finished the second upgrade of its lubricant blending production in Omsk, Western Siberia.

Casa Angsana Petroleum Product, a Malaysian lubricant producer based in Kota Baharu, Kelantan, recently introduced a system of recruiting freelance sales agents to market their motor oil.

An article in last week’s issue misspelled the name of Balmer Lawrie Director of Manufacturing Anand Dayal.

Base Oil Reports

Asia Base Oil Price Report

Base oil trading was somewhat subdued in Asia, as players aren’t concluding May business until a clearer price picture emerges.–by Gabriela Wheeler

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