Africa

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EMEA Base Oil Price Report

November 14, 2023

The war between Israel and Hamas continues to have a destabilizing effect on energy markets, creating uncertainty for ba ...

Conoil Earnings Down, MRS Oil Up

Conoil Earnings Down, MRS Oil Up

November 14, 2023

Among Nigerian blenders, Conoil reported a steep decline in gross profit on lower sales for its lubricants segment, whil ...

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EMEA Base Oil Price Report

November 7, 2023

The increasing hostilities in and around the Gaza Strip are severely disrupting base oil supply lines in the area, and l ...

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EMEA Base Oil Price Report

October 31, 2023

Israel’s campaign in the Palestinian territories ramped up the past week, stoking fears that the fighting could spread ...

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EMEA Base Oil Price Report

October 24, 2023

The armed conflicts in Ukraine and the Middle East are at different stages, but both are helping to push up crude oil pr ...

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EMEA Base Oil Price Report

October 17, 2023

Crude and feedstocks rallied early this week, with dated deliveries of Brent crude breaching the $90 level Monday, putti ...

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Hindustan Lube Sales Jump

October 13, 2023

Hindustan Petroleum Corp. Ltd. reported a 15% bump in lubricant sales for the fiscal year ended March 31, boosted by a 2 ...

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Forecast: European Demand Will Slightly Shrink

October 10, 2023

Europe’s finished automotive and lubricant demand is forecast to decrease at a compound annual rate of 0.1% to 2032, h ...

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EMEA Base Oil Price Report

October 10, 2023

Crude oil markets confounded nearly all forecasts last week, as prices took a surprising dive that saw dated deliveries ...

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EMEA Base Oil Price Report

October 3, 2023

Base oil markets in Europe, the Middle East and Africa are anticipating increased demand for finished lubricants in the ...

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EMEA Base Oil Price Report

September 26, 2023

Fundamentals remain strong for base oils and base oil pricing, although crude oil and petroleum products have come off t ...

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EMEA Base Oil Price Report

September 19, 2023

Regional variations are increasing between base oil markets in Europe, the Middle East and Africa, with demand spiking i ...

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EMEA Base Oil Price Report

September 12, 2023

Base oil markets in Europe, the Middle East and Africa are reeling from a developing situation where API Group I base oi ...

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EMEA Base Oil Price Report

September 5, 2023

As base oil markets in Europe, the Middle East and Africa return to almost normal working conditions, commentators are f ...

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EMEA Base Oil Price Report

August 29, 2023

As players return to action following the summer break, base oil markets are poised for what could be a busy time, with ...

First Half Lube Profits Fall for Vivo Energy

First Half Lube Profits Fall for Vivo Energy

August 29, 2023

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

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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 Aug ...

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Ardova Delisted After Acquisition by Ignite

August 22, 2023

Nigerian fuel and lubricant supplier Ardova Plc has been delisted from Nigeria’s biggest stock exchange after an inves ...