With the Strait of Hormuz still closed to most tanker traffic and significant amounts of crude oil and refined products captive in the Persian Gulf, c ...

Base oil prices are almost three times prewar levels since the United States and Israel launched military strikes against Iran on Feb. 28, tightening ...

Global base oil markets continue to recoil in response to the United States-Israel-Iran war. The Strait of Hormuz remains closed to merchant marine tr ...

Despite the fact that roughly 20% of the world’s crude oil flows are still trapped in the Persian Gulf as the war in Iran is still unresolved and th ...

Additional posted price increase announcements emerged in the paraffinic base oil segment, with Chevron, ExxonMobil and Paulsboro informing customers ...

A so-called ceasefire between United States and Iran appears to be continuing in the Middle East Gulf but with sporadic outbreaks of firing on what se ...

The Iran war has mutated into a tenuous indefinite ceasefire, although tensions remained high, with the United States upholding its naval blockade on ...

In view of the fact that crude oil prices were still hovering at sky-high levels, and global base oil supplies were shrinking because of ongoing suppl ...

A memorandum of understanding between Aster Chemicals and Energy and Puraglobe sets out plans to study a rerefined base oil (RRBO) facility in Singapo ...

Developed in response to market demand, Cargill has introduced its new Priolube™ 3982 high viscosity ester for industrial gear oil applications, pro ...

The ceasefire between the United States and Iran was holding tenuously this week after the U.S. began providing information for commercial ships to pa ...

Base oil supply has tightened and prices skyrocketed since the start of the latest war in the Middle East.

Trading was somewhat subdued and base oil prices experienced a reprieve as various holidays, including Golden Week, Literary Day, Coronation Day and L ...

More base oil price increases emerged this week from producers ExxonMobil, Excel Paralubes, Paulsboro and San Joaquin Refining, which was not surprisi ...

The Middle East situation appears to have run into an impasse with Iran maintaining control of the Strait of Hormuz whilst continuing to claim rights ...

The United States-Israel-Iran conflict did not look likely to be resolved any time soon, as U.S. President Trump abruptly called off a trip of negotia ...

No resolution to the United States-Israel-Iran war was achieved during a 10-day ceasefire that was set to expire on April 22, prompting Pakistani nego ...

Asian base oil prices have surged to record highs, driven by geopolitical disruption, tightening supply chains and shifting refinery economics, accord ...

Lubricant producers in the Middle East Gulf described business conditions as becoming increasingly serious in the face of the ongoing war between the ...