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JEDDAH: Fuchs Lubricants is formulating its production to meet the growing demand of the emerging industry of electric vehicles, as the car manufacturing sector will soon rely lesser on traditional lubricants. “Electric vehicles are an industry that is going to happen, and Fuchs in Germany has taken steps to counter this with producing batteries and EV charging related
JEDDAH: Luberef, the base oil firm of Saudi Arabian Oil Co., is launching a new specialty production facility in Yanbu that will manufacture transformer oil and white oil used in power generation, pharmaceutical and food businesses. Called Lube Hub, the facility will enable the localization of these specialty products in the Kingdom. The venture will attract producers and
SINGAPORE (ICIS) -- After a period of relative weakness, the ICIS TTF November ‘22 market rose by 3% on Wednesday with a similar gain early on Thursday as the premium to East Asia remained very wide.
LONDON (ICIS) – Global LNG prices remained volatile over the week, initially falling on firm supply, before picking up due to outages in Asia and a drop in gas deliveries in Europe.
The price spread between the ICIS East Asia Index (EAX) and Dutch TTF widened over the week, with East Asian spot prices dipping on high utility inventory levels in Japan and the latest tender cargo awards from south and southeast Asia.