Petronas sets up a Sydney office as Second Half looks uncertain
Petronas aims to take a 4% share of the market in Australia and New Zealand, but overall Second Half figures look uncertain for the Malaysian major.
Petronas aims to take a 4% share of the market in Australia and New Zealand, but overall Second Half figures look uncertain for the Malaysian major.
Lubes marketers stockpiling National IV grade lubes should be prepared
The global additives market grew by 1% last year, according to consultancy group Kline
Bio-lubest producer Biosynthetic Technologies has received further backing from the USDA to develop a major manufacturing operation.
Oil majors face continued misery as oil prices hit $30 a barrel.
Fuelled by rising demand from the APAC region, global marine lubes will reach 2.9kt in 2022
Short-term conflict within OPEC, but Exxon predicts oil will still be the main provider for increasing global energy demand.
The Anglo-Dutch major is betting big on population and vehicle growth in the region
The Global Base Oil market will be worth US$30.9 bn by 2020, donw $3,6bn from 2014, according to Transparency Market Research.
Majors will benefit from regional growth, but will face strong local competition