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.
Extending engine life while meeting the latest emissions regulations and OEM demands are the main focus of a range of new products announced by majors and independents including Pennzoil, PetroCanada, Shell and Petronas.
The South American passenger car market is expanding according to reasearch, with Mobil and Shell set to take advantage.
EV charging technology and infrastructure is growing rapidly around the world, while battery production expands.
New vehicle technologies require grease and lubes producers to stay ahead of the curve.
A mixed set of Q2 2019 reports from the oil majors and lubes producers including Shell, BP, ExxonMobil and Fuchs.
Laboratories, Group II base oil, lubes and additive plants all announced in expansion plans.
A generally volatile market has led to slightly depressed numbers for most of the oil majors at the start of the year, but their CEOs are confident of being able to manage the volatility.
Shell research shows lubes suppliers will play an important role in development of Industry 4.0, but there are skills challenges
Shell will partner with Pitstop, India's leading doorsetp car-services company to provide periodicoil service to vehicles.