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 ...

This week will start the return of many to workplaces and the restart of operations in blending plants across the regions. Base oil trade throughout E ...

As the calendar turns toward the New Year, base oil markets around Europe, the Middle East and Africa are quiet, with more operations closed down than ...

As base oil trading starts to slow ahead of the Christmas and New Year celebrations, buyers are less active even in areas not observing the Christian ...

The hot news this week is that Russian companies are encountering problems chartering vessels for cargoes of petroleum products, including base oils. ...

Nigerian blender and distributor Ardova Plc reported an 83% drop in net profit and a 10% increase in sales revenue for its lubricants and greases segm ...

The principal news this week is that G7 countries and the European Union have established a price cap of $60 per barrel for any purchases of Russian c ...

Base oil markets throughout Europe, the Middle East and Africa are desperately quiet, with weak demand across the board. Until now, there have always ...

Nigerian lubricants blender and marketer Conoil reported a 38% drop in gross profit and flat sales revenue for the quarter ended Sept. 30, compared to ...

The oversupply of base oils that rapidly developed during the third quarter now appears to be gradually defusing, thanks largely to many refiners shif ...

Globally, demand for base oils and finished lubricants is largely down from previous years, even from late-year performance during the COVID-19 era. P ...