International Energy Agency models show long-term global decline in oil use, but increase in petrochemical opportunities. Refiners will need to integrate more closely with end-producers.
Tag: base oil
Hurricane Harvey halted around 25% of all US oil production and supply as it swept across Texas. Hurricane Irma added insult to injury.
The Russian majors are looking to increase Group II and III production at the facilities over the next three years.
Dallas-based HollyFrontier has clinched a deal to buy Suncor Energy's Petro-Canada Lubes business.
Chevron has signed a deal with a chemical distributor to provide a Group II Base Oils hub to Europe, Asia and Africa.
The Global Base Oil market will be worth US$30.9 bn by 2020, donw $3,6bn from 2014, according to Transparency Market Research.
A number of recent reports are painting a synthetic landscape for the lubricants industry between now and 2020, but does it herald the demise of Group I base oils?
ExxonMobil sees modest growth for the region with a shift towards higher quality base oils\n
Research has shown that applying graphene materials to base oils has produced positive results.
Base oil growth across the region will grow by 3.5% CAGR over the next five years