Africa

Conoil Profit Falls on Lower Sales

Conoil Profit Falls on Lower Sales

Lube Report EMEA - February 27, 2024

Nigerian lube blender Conoil reported a slightly lower gross profit and a 42% drop in sales revenue for its lubricants s ...

MRS Posts Big Earnings Jump

MRS Posts Big Earnings Jump

Lube Report EMEA - February 20, 2024

Nigerian blender MRS Oil Nigeria Plc reported a 154% jump in gross profit for its lubes segment for the full year, on a ...

Additive

Grease from Jojoba and Banana Peels

Lube Report EMEA - January 9, 2024

Egyptian researchers reported developing a grease made with base stock from the jojoba plant and nano chemical additives ...

Fuchs Expands in South Africa

Fuchs Expands in South Africa

Lube Report EMEA - December 11, 2023

Fuchs Lubricants announced it is investing 218 million rand (U.S. $11.4 million) in the second phase of an expansion tha ...

Conoil Earnings Down, MRS Oil Up

Conoil Earnings Down, MRS Oil Up

Lube Report EMEA - November 14, 2023

Among Nigerian blenders, Conoil reported a steep decline in gross profit on lower sales for its lubricants segment, whil ...

Hindustan Lube Sales Jump

Hindustan Lube Sales Jump

Lube Report Asia - October 13, 2023

Hindustan Petroleum Corp. Ltd. reported a 15% bump in lubricant sales for the fiscal year ended March 31, boosted by a 2 ...

Forecast: European Demand Will Slightly Shrink

Forecast: European Demand Will Slightly Shrink

Lube Report EMEA - October 10, 2023

Europe’s finished automotive and lubricant demand is forecast to decrease at a compound annual rate of 0.1% to 2032, h ...

First Half Lube Profits Fall for Vivo Energy

First Half Lube Profits Fall for Vivo Energy

Lube Report EMEA - August 29, 2023

African distributor Vivo Energy reported double-digit declines in profit for its lubricant segment and a 5% decrease in ...

Additive

Ardova Delisted After Acquisition by Ignite

Lube Report EMEA - August 22, 2023

Nigerian fuel and lubricant supplier Ardova Plc has been delisted from Nigeria’s biggest stock exchange after an inves ...

MRS Oil Reports Huge Earnings Increase

MRS Oil Reports Huge Earnings Increase

Lube Report EMEA - August 15, 2023

Nigerian blender MRS Oil Nigeria Plc reported a nearly six-fold jump in gross profit and an 18% increase in sales revenu ...

Additive

New Ghana Refinery Will Make Base Oils

Lube Report EMEA - July 18, 2023

Sentuo Group is scheduled to begin commissioning its new refinery in Tema, Ghana, next month, bringing sub-Saharan Afric ...

Additive

BP, Shell Will Not Repair Sapref

Lube Report EMEA - July 4, 2023

BP and Shell have decided not to repair their damaged Sapref joint venture, signaling that the Durban, South Africa, ref ...

European Grease Output Nearly Steady in 2022

European Grease Output Nearly Steady in 2022

Lube Report EMEA - June 27, 2023

European grease production declined slightly in 2022, dipping less than a third of one percent compared to the prior yea ...

Algerian Distributor Opens Blending Plant

Algerian Distributor Opens Blending Plant

Lube Report EMEA - May 30, 2023

Aiming to serve what it describes as a vibrant Algerian transportation market, petroleum products distributor Petro Bara ...

Conoil Earnings Drop Despite Reduced Costs

Conoil Earnings Drop Despite Reduced Costs

Lube Report EMEA - May 30, 2023

Nigerian lubricants blender and marketer Conoil reported a 21% decline in gross profit and 51% less sales revenue for th ...

MRS Oil Profits Jump on Reduced Costs

MRS Oil Profits Jump on Reduced Costs

Lube Report EMEA - May 16, 2023

Gross profit for Nigerian blender MRS Oil’s lubricants segment skyrocketed more than 20 fold in the fourth quarter, on ...

Profits Down for MRS Oil Nigeria

Profits Down for MRS Oil Nigeria

Lube Report EMEA - April 11, 2023

MRS Oil Nigeria Plc reported that gross profit for its lubricant segment fell 64% in 2022 due to negative impacts of inf ...