EMEA Base Oil Report – 20.10.20
With a resurgence of COVID-19 sweeping through many countries in Europe, the Middle East and Africa, there appears to be little or no respite for commerce or industry.
Businesses have been hit badly by the effects of the coronavirus as demand for oil products plunged sharply. Economies are taking hit after hit, with no end in sight for many trying to survive. Many weaker and smaller businesses have folded never to reopen, closing the doors on many years of developing trade and services to the community. Companies involved in the base oil trade have not been excluded as a number of blending operations shut down.