<br />
January 2016<br />
EUROPE<br />
MIDDLE EAST<br />
AFRICA<br />
Number 79<br />
Shell Project M Pushes<br />
Engine Lubrication Limits<br />
Macroeconomic Factors Shape<br />
Middle East Markets<br />
RESOLVENCY<br />
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EDITOR’S LETTER<br />
The World’s Awash in Crude Oil<br />
They’ve since lowered that figure to<br />
500,000 barrels per day. But the world<br />
is already producing up to 2 million<br />
barrels per day more than it consumes.<br />
It remains to be seen what this sce-<br />
nario means for the cost of base oils<br />
on the global market. But the down-<br />
ward pressure is likely to continue well<br />
into 2016.<br />
As we were preparing <a title="2016_01 - January 2016 - EMEA page 1" href="http://viewer.zmags.com/publication/526abaed?page=1"> January 2016 EUROPE MIDDLE EAST AFRICA Number 79 </a>
<a title="2016_01 - January 2016 - EMEA page 2" href="http://viewer.zmags.com/publication/526abaed?page=2"> RESOLVENCY Ergon's HyGold Base Oils have been hel</a>
<a title="2016_01 - January 2016 - EMEA page 3" href="http://viewer.zmags.com/publication/526abaed?page=3"> EDITOR’S LETTER The World’s Awash in Crude </a>
<a title="2016_01 - January 2016 - EMEA page 4" href="http://viewer.zmags.com/publication/526abaed?page=4"> January 2016 EUROPE MIDDLE EAST AFRICA 10 16 24 </a>
<a title="2016_01 - January 2016 - EMEA page 5" href="http://viewer.zmags.com/publication/526abaed?page=5"> HIGHER AND WIDER </a>
<a title="2016_01 - January 2016 - EMEA page 6" href="http://viewer.zmags.com/publication/526abaed?page=6"> BASE OIL REPORT Keep Checking Base Stock Sp</a>
<a title="2016_01 - January 2016 - EMEA page 7" href="http://viewer.zmags.com/publication/526abaed?page=7"> Leading Change towards higher performance</a>
<a title="2016_01 - January 2016 - EMEA page 8" href="http://viewer.zmags.com/publication/526abaed?page=8"> BASE OIL REPORT Continued from page 6 contractua</a>
<a title="2016_01 - January 2016 - EMEA page 9" href="http://viewer.zmags.com/publication/526abaed?page=9"> </a>
<a title="2016_01 - January 2016 - EMEA page 10" href="http://viewer.zmags.com/publication/526abaed?page=10"> Shell Pushes Engine Lubrication Limits Shell Lubr</a>
<a title="2016_01 - January 2016 - EMEA page 11" href="http://viewer.zmags.com/publication/526abaed?page=11"> 16 LUBES‘N’GREASES EUROPE-MIDDLE EAST-AFRICA • </a>
<a title="2016_01 - January 2016 - EMEA page 12" href="http://viewer.zmags.com/publication/526abaed?page=12"> portation accounts for 35 percent of worldwide en</a>
<a title="2016_01 - January 2016 - EMEA page 13" href="http://viewer.zmags.com/publication/526abaed?page=13"> Efficiency from a new perspective. </a>
<a title="2016_01 - January 2016 - EMEA page 14" href="http://viewer.zmags.com/publication/526abaed?page=14"> ThickNormal oil The compression ratio of the </a>
<a title="2016_01 - January 2016 - EMEA page 15" href="http://viewer.zmags.com/publication/526abaed?page=15"> WE’RE NAVIGATING THE TRENDS SO YOU DON’T HAVE TO.</a>
<a title="2016_01 - January 2016 - EMEA page 16" href="http://viewer.zmags.com/publication/526abaed?page=16"> BY ROBERT STUBBS Globalization Challenges Indu</a>
<a title="2016_01 - January 2016 - EMEA page 17" href="http://viewer.zmags.com/publication/526abaed?page=17"> only add more complexity to the other issues faci</a>
<a title="2016_01 - January 2016 - EMEA page 18" href="http://viewer.zmags.com/publication/526abaed?page=18"> high cutting speeds and in machine tools with sma</a>
<a title="2016_01 - January 2016 - EMEA page 19" href="http://viewer.zmags.com/publication/526abaed?page=19"> CHEVRON GROUP II PREMIUM BASE OILS WE'LL HELP Y</a>
<a title="2016_01 - January 2016 - EMEA page 20" href="http://viewer.zmags.com/publication/526abaed?page=20"> 2015 Estimated Demand for MWF Additives T</a>
<a title="2016_01 - January 2016 - EMEA page 21" href="http://viewer.zmags.com/publication/526abaed?page=21"> a new way of thinking Hi</a>
<a title="2016_01 - January 2016 - EMEA page 22" href="http://viewer.zmags.com/publication/526abaed?page=22"> The 20th ICIS World Base Oils Ye s W</a>
<a title="2016_01 - January 2016 - EMEA page 23" href="http://viewer.zmags.com/publication/526abaed?page=23"> Continued from page 20 now creating a much more f</a>
<a title="2016_01 - January 2016 - EMEA page 24" href="http://viewer.zmags.com/publication/526abaed?page=24"> Macroeconomic Factors Shape Middle East Markets </a>
<a title="2016_01 - January 2016 - EMEA page 25" href="http://viewer.zmags.com/publication/526abaed?page=25"> Global Lubricants Market Structure (2014) By Bas</a>
<a title="2016_01 - January 2016 - EMEA page 26" href="http://viewer.zmags.com/publication/526abaed?page=26"> Industry Calendar JANUARY 12-14. 20th Interna</a>
<a title="2016_01 - January 2016 - EMEA page 27" href="http://viewer.zmags.com/publication/526abaed?page=27"> Base Oil Demand Projection (thousand barrels p</a>
<a title="2016_01 - January 2016 - EMEA page 28" href="http://viewer.zmags.com/publication/526abaed?page=28"> 28th ELGI AGM 16th – 19th April 2016 Hilton Molin</a>
<a title="2016_01 - January 2016 - EMEA page 29" href="http://viewer.zmags.com/publication/526abaed?page=29"> Base Oil Demand vs. Capacity (million metric t</a>
<a title="2016_01 - January 2016 - EMEA page 30" href="http://viewer.zmags.com/publication/526abaed?page=30"> 2015 Base Oil Demand vs. Capacity (tho</a>
<a title="2016_01 - January 2016 - EMEA page 31" href="http://viewer.zmags.com/publication/526abaed?page=31"> It’s liberating to have choices. </a>
<a title="2016_01 - January 2016 - EMEA page 32" href="http://viewer.zmags.com/publication/526abaed?page=32"> Newsmakers Global Lubricant Additive De</a>
<a title="2016_01 - January 2016 - EMEA page 33" href="http://viewer.zmags.com/publication/526abaed?page=33"> that of overall lubricant demand from 2014 to 201</a>
<a title="2016_01 - January 2016 - EMEA page 34" href="http://viewer.zmags.com/publication/526abaed?page=34"> OIO Group Buys Cremer Malaysian oleochemi- c</a>
<a title="2016_01 - January 2016 - EMEA page 35" href="http://viewer.zmags.com/publication/526abaed?page=35"> tor. Larkin has been in the oils and lubricants i</a>
<a title="2016_01 - January 2016 - EMEA page 36" href="http://viewer.zmags.com/publication/526abaed?page=36"> Product News </a>
<a title="2016_01 - January 2016 - EMEA page 37" href="http://viewer.zmags.com/publication/526abaed?page=37"> With Experience Comes Solutions Defoa</a>
<a title="2016_01 - January 2016 - EMEA page 38" href="http://viewer.zmags.com/publication/526abaed?page=38"> LAST WORD </a>
<a title="2016_01 - January 2016 - EMEA page 39" href="http://viewer.zmags.com/publication/526abaed?page=39"> </a>
<a title="2016_01 - January 2016 - EMEA page 40" href="http://viewer.zmags.com/publication/526abaed?page=40"> We're Lubes'n'Greases. WE GET TO THE HEART OF A </a>