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Summary
In a recent episode of DriveTime, John Noal, the Executive Vice President of D-A Lubricant Company, discussed how global disruptions in the oil market are impacting the supply and pricing of lubricants within the aftermarket sector. He highlighted how geopolitical tensions affecting major shipping routes have significantly strained the supply of synthetic base oils, as approximately 60% of global synthetic feedstocks originate from these regions. This has led to increased costs, reduced availability, and extended recovery times for the industry, despite the U.S. being largely self-sufficient in crude oil.
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