ADNOC Distribution Launches New Plant-Based Engine Oil

ADNOC Distribution formulates and produces the Voyager Green Series at its dedicated facility in the UAE, ensuring the highest levels of quality and efficiency in accordance with international standards.(WAM)
ADNOC Distribution formulates and produces the Voyager Green Series at its dedicated facility in the UAE, ensuring the highest levels of quality and efficiency in accordance with international standards.(WAM)
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ADNOC Distribution Launches New Plant-Based Engine Oil

ADNOC Distribution formulates and produces the Voyager Green Series at its dedicated facility in the UAE, ensuring the highest levels of quality and efficiency in accordance with international standards.(WAM)
ADNOC Distribution formulates and produces the Voyager Green Series at its dedicated facility in the UAE, ensuring the highest levels of quality and efficiency in accordance with international standards.(WAM)

ADNOC Distribution, UAE's leading fuel distributor, announced launching a new Voyager Green Series range of lubricant products for both petrol and diesel engines made from 100% plant-based base oil.

The company said it is bringing plant-based lubricants to the region for the first time, saying it comes as part of its plans to broaden lubricant offering and enhance its range of products that support a reduced carbon footprint

Voyager PX Green is developed specifically for petrol engines and Voyager DX Green for diesel engines. The high-quality blending technology is the first approach in the region to be made entirely from plant-based base oils, state news agency WAM reported.

ADNOC Distribution CEO Eng. Bader Saeed Al Lamk said the innovative new range offers customers a great range of choices to select the right lubricant for their vehicles.

"Leveraging our in-house research team and production facilities, we will continue to invest in innovation that offers greater choice, quality and supports our move towards a more diversified energy mix."

Plant-based base oils are made from sustainable feedstock sources, such as palm, soy, coconut and rapeseed. The range is formulated to deliver higher levels of engine performance than conventional synthetic base oils, due to its unique molecular composition.

Also, the new series will also carry certifications from the internationally recognized American Petroleum Institute (API) as well as and major vehicle manufacturer approvals, so customers can be assured of the highest levels of quality.

This new lubricants range will be available in the UAE from March 2022, as well as across the company’s international distribution network of 19 countries.



Oil Steadies as Market Awaits Fresh US Tariffs

FILE PHOTO: A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia, June 4, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia, June 4, 2023. REUTERS/Alexander Manzyuk/File Photo
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Oil Steadies as Market Awaits Fresh US Tariffs

FILE PHOTO: A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia, June 4, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia, June 4, 2023. REUTERS/Alexander Manzyuk/File Photo

Oil prices were little changed on Wednesday as traders remained cautious ahead of US tariffs due to be announced at 2000 GMT, fearing they could exacerbate a global trade war and dampen demand for crude.

Brent futures were down 7 cents, or 0.09%, at $74.42 a barrel by 0858 GMT. US West Texas Intermediate crude futures fell 5 cents, or 0.07%, to $71.15.

The White House confirmed on Tuesday that President Donald Trump will impose new tariffs on Wednesday, though it provided no detail on the size and scope of the trade barriers, according to Reuters.

Trump's tariff policies could stoke inflation, slow economic growth and escalate trade disputes.

"Crude prices have paused last month's rally, with Brent finding some resistance above $75, with the focus for now turning from a sanctions-led reduction in supply to Trump's tariff announcement and its potential negative impact on growth and demand," said Ole Hansen, head of commodity strategy at Saxo Bank.

Traders will be watching for levies on crude imports, potentially driving up prices of refined products, he added.

For weeks Trump has touted April 2 as "Liberation Day", bringing new duties that could rattle the global trade system.

The White House announcement is scheduled for 4 p.m. ET (2000 GMT).

"The balance of risk lies to the downside, given that weaker than expected tariff measures are unlikely to drive a significant rally in Brent, while stronger than expected measures could trigger a substantial selloff," BMI analysts said in a note.

Trump has also threatened to impose secondary tariffs on Russian oil and on Monday he ramped up sanctions on Iran as part of his administration's "maximum pressure" campaign to cut its exports.

"Markets likely to be volatile ahead of the final announcements on tariffs and the scale of them. The threat of secondary tariffs on Russian crude continues to provide some support for prices, with more downside risk at present around tariff uncertainty," said Panmure Liberum analyst Ashley Kelty.

US oil and fuel inventories painted a mixed picture of supply and demand in the world's biggest producer and consumer.

US crude oil inventories rose by 6 million barrels in the week ended March 28, according to sources citing the American Petroleum Institute. Gasoline inventories, however, fell by 1.6 million barrels and distillate stocks were down by 11,000 barrels, the sources said.

Official US crude oil inventory data from the Energy Information Administration is due later on Wednesday.