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.
Many of the oil majors are taking a greener approach to product development and how they run their businesses.
BP continues to move into the mobility sector with purchase of a city transportation app.
The oil majors delivered disappointing short-term news to thier shareholders after earning and profits were hit across the board as a result of lower oil prices and increased costs.
Oil major Exxon-Mobil is expanding its low-emissions technology research in India, while backing Porsche's Formula E motorsport programme
The South American passenger car market is expanding according to reasearch, with Mobil and Shell set to take advantage.