[142 Pages Report] The industrial oils market is estimated to account for a value of USD 60.2 billion in 2019 and is projected to grow at a CAGR of 5.0% from 2019, to reach a value of USD 80.7 billion by 2025. The biodiesel industry is projected to be a major revenue generator for industrial oils manufacturers in the coming years due to its reduced environmental impact. In addition, the…

As customers continue to expect faster service, quicker delivery times, shipment tracking, and a whole range of customized delivery needs, it has become more difficult for fleets of all sizes stay ahead of the game. However, a simple solution for every business is becoming readily available with constantly evolving fleet management tools like global positioning satellite (GPS) tracking systems. The benefits of GPS tracking are invaluable to any fleet owner.…

All lubricants should be stored inside a weatherproof structure which minimizes the temperature changes that occur from day to night. These temperature changes cause excessive “breathing” associated with moisture contamination in drums. When a lubricant drum is warmed by sunlight or higher daytime temperatures, the fresh oil and air space inside the drum expands and creates enough pressure to force some of the air out through the bungs even though…

Egypt is the largest non-OPEC oil producer in Africa and the third-largest dry natural gas producer on the continent. The country also serves as a major transit route for oil shipped from the Persian Gulf to Europe and to the United States. Egypt is the largest oil producer in Africa outside of the Organization of the Petroleum Exporting Countries (OPEC) and the third-largest natural gas producer on the continent following…

here’s why that could be good for producers and the public alike: The oil industry’s lobbying arm, the American Petroleum Institute, suggested in a new draft statement that it might support Congress putting a price on carbon emissions to combat climate change, even though oil and gas are major sources of those greenhouse gas emissions. An industry calling for a tax on the use of its products sounds as bizarre…

Established in the wake of the 1973 oil crisis, the International Energy Agency (IEA) was created to maintain the stability of the international oil supply. As an independent adviser to many governments on energy policy, the IEA has the authority to make member states release reserve oil stocks to stabilise prices. The agency has used that power on three occasions, most recently in response to the disruption to oil production…