BP has agreed to sell its global petrochemicals business to INEOS.
Oil majors have had to weather rockbottom demand and prices as a result of Covid-19
The American Chemical Council, working with the API and chemical manufacturers, is rising to the supply chain challenges created by the pandemic, including a new emergency protocol for interchanging additives.
The global pandemic is having a major impact on the lubes and auto industry worlwide but there are some positives.
Oil majors are squaring up to rising pressure over climate change.
Weaker oil prices have affected the profits of the oil majors.
Chemical technology is helping to create new bio-lubes, while majors are collaborating with non-lube giants to recycle chemicals and plastics.
BP continues to move into the mobility sector with purchase of a city transportation app.
EV charging technology and infrastructure is growing rapidly around the world, while battery production expands.
A mixed set of Q2 2019 reports from the oil majors and lubes producers including Shell, BP, ExxonMobil and Fuchs.