Lubricants Market Morning Report20260624

Global Market Updates

WTI Crude Futures Stabilize Around USD 77 per Barrel

Brent crude stands at USD 81.02 per barrel, with market sentiment calming down after the US-Iran memorandum.

EIA Short-Term Energy Outlook: Brent Average Price Forecast at USD 58/bbl for 2026

WTI is projected to average USD 53.42 per barrel. Price pressure stems from expectations of supply recovery.

Russia Extends Motor Gasoline Export Ban to End of February 2026

Bans on diesel and marine fuel exports are extended concurrently to secure domestic fuel supplies.

Rio Oil & Gas Exhibition to Be Held in September, Brazil

The event expects 42,000 professional visitors and 540 exhibiting companies.

Asia-Pacific Lubricant Demand Share Rises to 49.9%

India leads regional growth in Asia-Pacific. The global lubricant market size is forecast to reach USD 174.4 billion by 2029.

Lubricant Industry News

Sinopec Partners with ENEOS; Tianjin Nisseki Passenger Car Lubricants Launches National Distributor Recruitment

Compton Signs Lubricant Supply Deal with Taiyuan Heavy Industry, Expanding Supporting Coverage for Top 3 Construction Machinery OEMs

Idemitsu Announces First Batch of Authorized Industrial Lubricant Distributors for 2026

Eight partners jointly build a brand-new service ecosystem, with cost control of metalworking fluids as a key industry focus.

Analysis of Chongqing Lubricant Market Landscape & Regional Brand Operation Strategies 2026

Devon Energy Focuses on Automotive Lubricants, Obtaining Multiple OEM Certifications

South American Market

Brazil: World’s 6th Largest Lubricant Market with Annual Consumption of Around 1.23 Million Tons

Brazil accounts for over half of finished lubricant demand across South America, supported by rising vehicle parc.

African Market

Nigeria: Annual Illegal Lubricant Imports Exceed 4 Million Liters; Government Tightens Supervision

South Africa Records Annual Lubricant Demand of Approximately 360,000 Tons, Serving as Africa’s Core Lubricant Distribution Hub

Russian Market

Lukoil Lubricants Captures Over 40% Domestic Market Share with Annual Sales Surpassing 1.2 Million Tons

Moscow Lubricants & Technology Exhibition is the Leading Industrial Event across CIS countries

South Asian Market

India: World’s 5th Largest Lubricant Market with 3.7% Annual Growth Rate

Industrial consumption takes up 51% of total lubricant demand, mainly from power and chemical sectors.

Malaysian Marine Bunkers

Malaysia International Maritime Exhibition (MIMEX) 2026 to Take Place in Kuala Lumpur This November

Covering 16,000 sq.m., the exhibition gathers 285 exhibitors and attracts more than 15,000 attendees.

Lubricant Basic Knowledge

Category A Popular Science: Lubricant Shelf Life & Storage Guidelines After Opening

Unopened lubricants generally have a shelf life of 3–5 years. Once opened, use within 1 year is recommended. Store products away from light, moisture and high temperature with containers tightly sealed. Signs of deterioration include darkening color, strange odors and excessive sediment.

Category B Technical Guide: Core Upgrades of ILSAC GF-7 vs GF-6

The GF-7 standard tightens fuel efficiency requirements, delivers superior protection against Low-Speed Pre-Ignition (LSPI) for turbocharged direct injection engines, and improves oxidation resistance and piston cleanliness. Suitable for modern downsized turbo vehicles.

Featured Technology

Trend of Low-Viscosity PAO Synthetic Base Oils & Corresponding Formulation Challenges

Low-viscosity PAOs boost fuel efficiency while retaining lubricating performance; formulas must balance shear stability.

Technical Routes & Industrialization Progress of Bio-Based Synthetic Lubricants

Lubricants derived from renewable resources represent a major green development trend with outstanding biodegradability.