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Car firms respond to rising oil prices
The article reveals the worsening crisis of motor oil and base oil supplies used in the automotive manufacturing and maintenance sectors. This crisis has been exacerbated by conflicts in the Middle East and global shipping disruptions, leading to a threefold increase in prices, reaching approximately $4,000 per ton in Europe and the United States. Major companies such as Volkswagen, Stellantis, and Toyota are currently working to secure alternative sources to mitigate the impact of the shortage. Some have successfully tested alternative lubricants and are evaluating new supply options, although oil shipments could be delayed by several months. This shortage is placing significant pressure on the automotive industry, with rising costs and maintenance schedule delays, ultimately impacting consumers amid unprecedented increases in oil prices.
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