Africa

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Weekly EMEA Base Oil Price Report

June 4, 2024

Base oil trade in Europe, the Middle East and Africa is gathering pace with a few notable exceptions, such as West Afric ...

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Weekly EMEA Base Oil Price Report

May 28, 2024

Base oils have bucked the general pricing trends for petroleum products in recent weeks, with rates for API Group I and ...

MRS Oil Records Jump in Earnings

MRS Oil Records Jump in Earnings

May 28, 2024

Nigerian blender MRS Oil Nigeria reported large increases in gross profit and sales revenue for its lubricants segment i ...

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Weekly EMEA Base Oil Price Report

May 21, 2024

Sunday’s death of Iranian President Ebrahim Raisi raised levels of trepidation in the Middle East, leaving players in ...

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Weekly EMEA Base Oil Price Report

May 14, 2024

The conflicts in Ukraine and Gaza continue to grab the headlines, with Russia making advances into Ukraine territory and ...

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Weekly EMEA Base Oil Price Report

May 7, 2024

Geopolitical events have fundamental effects on energy prices, and ultimately the prices applied to petroleum products s ...

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Weekly EMEA Base Oil Price Report

April 30, 2024

The past week was relatively serene in the Middle East Gulf region, with no further reprisal attacks from Iran or Israel ...

Vivo Lube Earnings Rose in 2023

Vivo Lube Earnings Rose in 2023

April 30, 2024

Vivo Energy, which distributes lubricants to retail and commercial customers across Africa, reported a 10% increase in e ...

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Weekly EMEA Base Oil Price Report

April 23, 2024

To the relief of many, the break-out of direct hostilities between Israel and Iran seems to be de-escalating after a ser ...

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Joint Venture Builds Lube Plant in Angola

April 16, 2024

Angolan energy company Etu Energias and Malaysian lube marketer Glide Technology Sdn announced they will form a joint ve ...

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Weekly EMEA Base Oil Price Report

April 16, 2024

By far the biggest news this week was the Iranian rocket and drone attack on Israel Saturday, undertaken in response to ...

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Weekly EMEA Base Oil Price Report

April 9, 2024

With Ramadan coming to an end across the Middle East, base oil trading is expected to pick up, although perhaps not unti ...

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Weekly EMEA Base Oil Price Report

April 2, 2024

Easter break, Ramadan and elections in Turkey have made base oil markets quieter than they otherwise would have been, bu ...

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Weekly EMEA Base Oil Price Report

March 26, 2024

Margins in Europe for API Group I base oils are being squeezed as crude oil and feedstock costs rise while prices for th ...

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Weekly EMEA Base Oil Price Report

March 19, 2024

European, Middle Eastern and African base oil markets are evolving on a number of fronts, with Europe’s Group I export ...

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Weekly EMEA Base Oil Price Report

March 12, 2024

Base oil trading trends in Europe and the Middle East Gulf are diverging this week as buying activity picks up in the la ...

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Weekly EMEA Base Oil Price Report

March 5, 2024

Base oil markets across the European, Middle Eastern and African regions are generally quiet, with demand subdued in man ...

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EMEA Base Oil Price Report

February 27, 2024

Base oil and finished lubricant markets from the Americas to Asia are feeling impacts of the ongoing attacks on shipping ...