Base oil markets throughout Europe, the Middle East and Africa seem to have hit a flat spot where little new business or trades are taking place. Busi ...

Nigerian lubricants blender and marketer Conoil reported a 21% decline in gross profit and 51% less sales revenue for the quarter ended March 31, desp ...

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 suffering from the same contagion as other industries – a number of the key economies ...

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

This week saw a return to business as usual for base oil markets, with many buyers and sellers playing catch-up after extended holidays clouded takes ...

Holidays caused a slow start to base oil trading this week, but prices for API Group I and II oils have risen, while values for some Group III stocks ...

Base oil demand appears to be picking up around Europe, the Middle East and Africa as buyers begin building back inventories that had sunk to extremel ...

Following the Easter and Passover holidays, and with Ramadan coming toward an end, base oil markets are returning to normal and – it appears – fin ...

Base oil markets were subdued the past week thanks to the Ramadan, Passover and Easter holidays that allowed some buyers and sellers to take three-day ...

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