Africa

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

EMEA Base Oil Price Report

August 22, 2023

Base oil demand in Europe, the Middle East and Africa has undergone a mini-spike that certainly was not forecast for August. Demand for API Group I an ...

Nigerian fuel and lubricant supplier Ardova Plc has been delisted from Nigeria’s biggest stock exchange after an investment fund controlled by one o ...

EMEA Base Oil Price Report

August 15, 2023

Base oil markets in Europe, the Middle East and Africa are once again defying forecasts, with demand surging during a month that is normally sleepy as ...

Nigerian blender MRS Oil Nigeria Plc reported a nearly six-fold jump in gross profit and an 18% increase in sales revenue for its lubricants segment i ...

With the summer holiday period in full swing, base oil markets across Europe, the Middle East and Africa are exceptionally quiet, with few new dealing ...

The holiday season is officially underway in the European, Middle Eastern and African base oil markets, although many players and participants have be ...

If it is at all possible, base oil markets in Europe, the Middle East and Africa are slowing further, with many players – following coronavirus pand ...

Base oil markets around Europe, the Middle East and Africa are flatlining as the August holiday season approaches, with poor demand leading to longer ...

Sentuo Group is scheduled to begin commissioning its new refinery in Tema, Ghana, next month, bringing sub-Saharan Africa a step closer to again havin ...

Base oil markets are gearing down for the holiday period that is fast approaching. Trading across much of Europe and the Middle East will slow during ...

Base oil markets throughout Europe, the Middle East and Africa remain subdued, with much less trading than normal for this time of year and an absence ...

Base oil markets around Europe, the Middle East and Africa are somewhat lethargic, with many areas affected by holiday celebrations going on now or co ...

BP and Shell have decided not to repair their damaged Sapref joint venture, signaling that the Durban, South Africa, refinery – which includes the l ...

Summer mode may be arriving early to base oil markets this year, and this seasonal hiatus will only further dampen the demand picture across all regio ...

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

The knock-on effects of inflation and rising interest rates are constraining manufacturing and services industries to the extent of denting demand for ...

Parts of the European, Middle Eastern and African region are showing vibrant activity, whilst others for one reason or another are dull and flat. In E ...

The European Union’s ban on imports of Russian petroleum products reduced imports of Russian base oils by 55,000 metric tons during the first half o ...

Aiming to serve what it describes as a vibrant Algerian transportation market, petroleum products distributor Petro Baraka recently opened a lubricant ...