EMEA Base Oil Price Report 26.01.21
The coronavirus again holds center stage. With the emergence of variants from the United Kingdom, South Africa and Brazil, many countries have again imposed various forms of lockdowns and restrictions on travel and trade, creating more trials and difficulties for the base oil industry.
There are still requirements for all forms of lubricant, although sectors such a transportation, industrial and travel have all been negatively affected by the pandemic, with demand falling in every sector.