The first Quarter of 2021 saw a significant bounce-back for pandemic-hit oil majors as earnings increased and debt was reduced. Investments in renewable and low-carbon technologies appears to be the focus for the future.
The oil majors continue to suffer as the impact of the COVID Pandemic and reduced oil demand took their toll on 2020, although some still managed to show profitability.
The changing landscape of recycling waste and biofuel development.
BP and Shell weather the storm ahead of other oil majors.
Q2 figures for oil majors demonstrate the full impact of the COVID pandemic as profits plummet.
Oil majors have had to weather rockbottom demand and prices as a result of Covid-19
The American Chemical Council, working with the API and chemical manufacturers, is rising to the supply chain challenges created by the pandemic, including a new emergency protocol for interchanging additives.
Weaker oil prices have affected the profits of the oil majors.
Asia and Africa are seeing an expansion of lubricants manufacture and blending.
Lubes producers are identifying partnerships, new markets and product innovations to differentiate in a constantly changing global environment.