Major companies in the asphalt, lubricating oil and grease market include Exxon Mobil, Royal Dutch Shell, Saudi Aramco, BP plc, Glencore International, Guardian Industries, LLC, Owens Corning, Suncor Energy Inc, Husky Energy Inc, and CRH plc.

New York, March 24, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Asphalt, Lubricating Oil And Grease Global Market Report 2022" - https://www.reportlinker.com/p06247579/?utm_source=GNW The global asphalt, lubricating oil and grease market is expected to grow from $226.73 billion in 2021 to $269.76 billion in 2022 at a compound annual growth rate (CAGR) of 19.0%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $541.58 billion in 2026 at a CAGR of 19.0%. The asphalt, lubricating oil and grease market consists of sales of asphalt, lubricating oil and grease by entities (organizations, sole traders or partnerships) that produce block asphalt, asphalt paving mixture, asphalt shingle, coating materials, petroleum lubricating oil and grease. Asphalt is a sticky, black and highly viscous liquid or semi-solid form of petroleum used for surfacing roads, flooring, and roofing. The main types of asphalt, lubricating oil and grease are asphalt and other petroleum products.Asphalt is a combination of aggregate particles, binder, and filler that is used to build and maintain roads, parking lots, railway tracks, ports, airport runways, bicycle lanes, sidewalks, and play- and sports areas. The various application of asphalt, lubricating oil and grease include roadways, waterproofing, recreation and others. The various end use industries include power generation, transport, metallurgy and metalworking, food and beverage, chemical and others. Producers of petroleum-based lubricants are offering bio-based lubricants to address the concerns associated with the impact of lubricants on the environment.Bio-based lubricants are formulated with renewable or biodegradable materials. Vegetable oils are one of the major components for bio-based lubricants.Vegetable oils offer high lubricity, viscosity and thermal stability. They have a higher flash point of 326°C as compared to flash point of 200°C for mineral oils. Lubricants produced from vegetable oils include tractor transmission hydraulic fluid, industrial hydraulic fluids for process and machinery applications, food-grade hydraulic fluids and greases, greases for use in automotive, railroad and machinery applications, chainsaw bar oil, gear lubes, compressor oil, and transformer and transmission line cooling fluids. North America was the largest region in the asphalt, lubricating oil and grease market in 2021.Asia Pacific was the second largest region in the asphalt, lubricating oil and grease market. The regions covered in the asphalt, lubricating oil and grease market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The demand for multi grade lubricants is gaining traction due to their better performance in cold climatic conditions.Multi-grade lubricant is a viscosity modifier used in engines which allows the smooth flow of oil under cold and hot climatic conditions. It is used to minimize the effect of change of viscosity with respect to the changes in the surrounding temperature and maintains optimum viscosity over the engine operating temperature range. Some of the major companies producing this lubricant include Gazprom, Rosneft, Exxonmobil, Petrochina and BP. Most of the asphalt companies are using frequency inverters in asphalt mixing process to control asphalt mixture drying time.Frequency inverter is an electronic device which transforms an AC current with fixed frequency to variable amplitude and frequency. It is used to vary the speed of rotation of the drying drum of the plant drying system so that the aggregates which are more porous receive heat from the burning flame for more time resulting in complete drying.It improves the drying process and allows the less porous asphalt to dry faster resulting in increased production. For instance, some of the major companies using frequency inverters include 3 Franks Services, A. Macchione Brothers, Absolute Asphalt and Concreter LLC and Ace Asphalt. The countries covered in the asphalt, lubricating oil and grease market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. Read the full report: https://www.reportlinker.com/p06247579/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________

(Bloomberg) -- U.S. President Joe Biden’s plan to tackle record gasoline prices with an unprecedented release of emergency oil reserves may stifle domestic crude drilling just when it’s needed most. Most Read from BloombergUkraine Update: Russia Says Kyiv Makes Rare Cross-Border StrikeNever Had Covid? You May Hold Key To Beating the VirusPutin Says Gas Exports to Be Halted If Ruble Payments Not MadeU.S. Criticizes India on Russia Talks as Lavrov Visits DelhiBiden Team Weighs a Massive Release of

The Biden administration isn't rethinking its decision to cancel the Keystone XL pipeline in response to rising oil prices, says the White House's top economic advisor.

Fisker believes it will potentially sell out capacity through most of 2023 with purchase orders of its premium models.

The charts of Qualcomm are weakening. How do the indicators look? In our last review of QCOM back on December 23, we wrote that " We reviewed the charts of QCOM on December 13 and told readers that 'Traders who are long QCOM should raise stops to $172 from $135.

Energy Transfer LP (NYSE: ET) purchased the Coastal Caverns business, multiple people with knowledge of the deal told the Houston Business Journal.

The largest-ever release of oil from the country's strategic reserve comes as average gas prices have topped $4 per gallon nationally

The site, which is 1.1 million square feet, had been a longtime drug manufacturing facility for Mylan NV and its successor company.

The steel industry is part of the basic materials sector and consists of companies involved in steel production, mining, and related activities. Although steel historically has been a major U.S. industry, the number of steel mills that produce the metal has declined sharply in the past several decades due to foreign competition. The World Steel Association forecasts that steel demand will continue to increase this year, but at a much slower pace, rising 2.2%.

Sea Limited's (NYSE: SE) stock hit an all-time high of $366.99 last October, representing a 2,347% gain from its initial public offering just four years earlier. Sea's fourth-quarter earnings report in early March, which spooked investors with a sea of red ink and the slowing growth of its Garena gaming unit, caused its stock to sink to a 52-week low of $85.01 two weeks later. Let's review a new green flag for the bulls and a new red flag for the bears -- and see if they will tilt the scales in favor of either camp.

U.S. automakers on Friday reported a slump in first-quarter domestic sales, as the entire industry was slammed by chip shortages and disruptions to supply chains. Toyota, which in 2021 upstaged GM as the top-selling automaker in the United States, outsold the company in the first quarter on increased demand for its Lexus hybrid and electric vehicles. South Korea's Hyundai Motor and Kia Motors and Japan's Mazda Motor Corp all posted a drop in overall U.S. quarterly auto sales.

The stock market is pricing in a ton of negativity right now, Jim Cramer told his Mad Money viewers Thursday, and it's doing it a lot faster than you'd think. Today capped off the worst quarter for the stock market since March of 2020, right at the onset of the pandemic.

(Bloomberg) -- After years of breakneck growth that catapulted Chinese tech firms into stock market giants, a number of strategists are coming to terms with the new reality of a sector beset by slower expansion and lower earnings. Most Read from BloombergUkraine Update: Russia Says Kyiv Makes Rare Cross-Border StrikeRussia Says Ukraine Choppers Made Rare Cross-Border StrikeNever Had Covid? You May Hold Key To Beating the VirusUkraine Update: U.S. Steps Up Military, Defense AssistancePutin Says G

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(Bloomberg) -- The Biden administration announced it will invoke Cold War powers to boost domestic production of materials for batteries needed to power electric vehicles and the transition to renewable energy, a move intended to improve U.S. competitiveness in a market dominated by China.Most Read from BloombergNever Had Covid? You May Hold Key To Beating the VirusPutin Says Gas Exports to Be Halted If Ruble Payments Not MadeUkraine Update: Aid Convoys Have Been Unable to Reach MariupolU.S. Cri

Europe and Russia will both lose heavily if President Vladimir Putin follows through on his threat to cut gas supplies to countries he judges "unfriendly" unless they pay in roubles. Even at the height of the Cold War, Moscow never cut gas to Europe, but on Thursday, Putin signed a decree ordering foreign buyers to pay in roubles instead of euros from April 1 or face going without Russian supplies. Although the threat of shortages comes after the peak demand European winter season, Europe still has much to lose when its businesses and households are already reeling from record energy prices, while Moscow could be cutting off one of its main sources of revenue.

The Russell 1000 Index is a market-capitalization-weighted index of the 1,000 largest publicly traded companies in the U.S. It represents approximately 92% of the total market capitalization (market cap) of all listed stocks in the U.S. equity market. The company makes high value-added steel products, including its proprietary XG3 advanced high-strength steel.

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