Our webinars are online seminars designed to deliver information and inspiration to help your business grow and develop in energy industry areas such as finished lubricants, lubricant basestocks, fuel and lube additives, waxes, fuels, and related petroleum specialties.
Our webinars are designed to provide key insights into market data on given topics, and to help customers familiarize themselves with our report contents.
April 15, 2021
The hydrogen policy, issued as part of the EU’s COVID-19 pandemic recovery efforts, will play a pivotal role in Europe’s energy transition and have significant implications for the lubricants industry.
In continuous publication since 2003, Global Lubricants: Market Analysis and Assessment provides a comprehensive, in-depth analysis of automotive and industrial finished lubricant products, end-use industries, trade classes, major suppliers, and market trends in leading country markets and regions.
GIOs and greases account for nearly one-fifth of the overall global lubricant demand (excluding process oils). The top industries that consume these lubricants are manufacturing, primary metals, mining, and power generation. Globally, the COVID-19 pandemic has shuttered many industries deemed non-essential and has affected many major industries.
The Middle East region produces almost one-third of global crude oil, with more than 30 million barrels coming from the region per day. Crude oil prices, which plunged from 2014-16 and recently hit lows not seen since the 1998 oil crisis over 20 years ago, have had a significant impact on the region’s economies. Local governments have already implemented diversification plans following the 2014-16 oil crisis and have started to open up their economies to more foreign direct investment (FDI), set up free trade zones and districts, and encourage their manufacturing sectors to grow. However, the COVID-19 pandemic caused shutdowns across the region with businesses, schools, and travel being suspended. This unexpected slowdown also halted major events such as the World Cup and new offshore drilling with global partners. While recent events and ongoing socio-political troubles have slowed the region’s growth, it continues to play an important part in global trade, as well as in the finished lubricants market. To learn more about this market, access our webinar.