MRS Oil Nigeria Plc reported that gross profit for its lubricant segment fell 64% in 2022 due to negative impacts of inflation. The segment earned 367 ...

This week is providing a lesson in how quickly base oil markets can change. For months trading was slow as purchasers were unconcerned about low inven ...

European base oil buyers are still reticent to purchase large quantities of any type of base stock – even to replenish inventories that must be sore ...

Vivo Energy, a major distributor of lubricants to retail and commercial customers across Africa, reported a slight decrease in earnings for its lubric ...

Buying activity is starting to pick up in European, Middle Eastern and African base oil markets following an extremely lean spell when purchasers were ...

The economy is a growing concern for base oil markets throughout Europe, the Middle East and Africa as the stubbornness of inflation is raising concer ...

Lubricant blenders throughout Europe, the Middle East and Africa are making smaller base oil purchases than is normal for this time of year, continuin ...

Crude oil prices are falling again, even though demand is forecast to rise as China emerges from last year’s COVID-19 crisis. This spike in demand i ...

Touting efforts to advance its lubricants business, Nigerian blender Ardova Plc reported strong rebounds in net profit for its lubricants and greases ...

–by Ray Masson

Engen and Vivo Energy will combine their respective African businesses to create one of Africa’s largest energy distribution companies, the companie ...

The majority owner of Nigerian fuels and lubricant supplier Ardova plc has proposed to buy out other shareholders and to take the company off the coun ...

Throughout Europe, the Middle East and Africa, a number of key production outlets have announced that maintenance work will be undertaken during the n ...

The European Union ban on all hydrocarbon derivatives from Russia went into effect Sunday, creating new disruptions for traders selling Russian base o ...

As the European, Middle Eastern and African base oil markets move into February, there are still no signs of a market resurgence. With but a few excep ...

Nigerian lubricants blender and marketer Conoil reported 63% less gross profit for the fourth quarter of 2022 and a 57% drop in gross profit for the f ...

The outlook for base oil markets is cloudy at the moment due to several uncertainties as the industry approaches what is normally a ramp-up to the spr ...

The post-holiday return to work has not yielded the purchasing spree that some expected. Lubricant companies were holding exceptionally low inventorie ...

At long last, a degree of normality returned to base oil markets as workers returned to their desks following winter holidays. Lubricant blending oper ...

Sales of new vehicles in South Africa rose by 14% in 2022 and were just 1% shy of pre-pandemic new vehicle sales in 2019, the National Association of ...