Africa

Conoil Profit Falls on Lower Sales

Conoil Profit Falls on Lower Sales

February 27, 2024

Nigerian lube blender Conoil reported a slightly lower gross profit and a 42% drop in sales revenue for its lubricants s ...

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EMEA Base Oil Price Report

February 20, 2024

Base oil markets in Europe, the Middle East and Africa continue to feel impacts of armed conflicts, but the effects vary ...

MRS Posts Big Earnings Jump

MRS Posts Big Earnings Jump

February 20, 2024

Nigerian blender MRS Oil Nigeria Plc reported a 154% jump in gross profit for its lubes segment for the full year, on a ...

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EMEA Base Oil Price Report

February 13, 2024

API Group I base oil prices have tumbled in Europe on the back of exceptionally aggressive export pricing from Eni in Li ...

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EMEA Base Oil Price Report

February 6, 2024

The Middle East conflict deepened the past week as the United States attacked multiple sites in Syria and Iraq that it c ...

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EMEA Base Oil Price Report

January 30, 2024

The Middle East situation intensified further the past week as the United States directly accused Iran of being responsi ...

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EMEA Base Oil Price Report

January 23, 2024

The effects of ships avoiding the Red Sea are becoming more apparent as the days go by, with governments and operating c ...

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EMEA Base Oil Price Report

January 16, 2024

The main news topic this week is the escalation of attacks against merchant shipping in the Red Sea corridor, and retali ...

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EMEA Base Oil Price Report

January 9, 2024

European, Middle Eastern and African base oil markets are gradually returning to everyday business as players head back ...

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Grease from Jojoba and Banana Peels

January 9, 2024

Egyptian researchers reported developing a grease made with base stock from the jojoba plant and nano chemical additives ...

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EMEA Base Oil Price Report

January 2, 2024

Base oil markets remain very quiet, but activity could pick up this week as many players come back into circulation. The ...

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EMEA Base Oil Price Report

December 26, 2023

As markets close for the festive season, and more and more players are missing from desks and offices, the major talking ...

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EMEA Base Oil Price Report

December 19, 2023

Last week saw a stand-off in European, Middle Eastern and African base oil markets, with buyers stating firmly that they ...

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EMEA Base Oil Price Report

December 12, 2023

If possible, base oil trade across Europe, the Middle East and Africa is slowing even more. Demand is disappearing from ...

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Fuchs Expands in South Africa

December 11, 2023

Fuchs Lubricants announced it is investing 218 million rand (U.S. $11.4 million) in the second phase of an expansion tha ...

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EMEA Base Oil Price Report

December 5, 2023

Base oil prices are weakening throughout Europe, the Middle East and Africa as trading activity slows ahead of the year ...

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EMEA Base Oil Price Report

November 28, 2023

Demand for all types of base oil has been falling the past week across Europe, the Middle East and Africa – especially ...

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EMEA Base Oil Price Report

November 21, 2023

Global news continues to be dominated by warring in Gaza and Ukraine, where innocent civilians are not only being killed ...