Africa

Easter break, Ramadan and elections in Turkey have made base oil markets quieter than they otherwise would have been, but market participants said the ...

Margins in Europe for API Group I base oils are being squeezed as crude oil and feedstock costs rise while prices for the base stocks remain steady. â ...

European, Middle Eastern and African base oil markets are evolving on a number of fronts, with Europe’s Group I export market disappearing, activity ...

Base oil trading trends in Europe and the Middle East Gulf are diverging this week as buying activity picks up in the latter region while the former r ...

Base oil markets across the European, Middle Eastern and African regions are generally quiet, with demand subdued in many areas for all types of base ...

EMEA Base Oil Price Report

February 27, 2024

Base oil and finished lubricant markets from the Americas to Asia are feeling impacts of the ongoing attacks on shipping through the Red Sea. – by R ...

Nigerian lube blender Conoil reported a slightly lower gross profit and a 42% drop in sales revenue for its lubricants segment for the full year. The ...

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 from region to region. In gen ...

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 17% increase in sales revenue, ...

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 Livorno, Italy. The site could c ...

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 claimed were home to militias i ...

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 responsible for proxy attacks in Jorda ...

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 companies realizing the complic ...

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 retaliatory strikes against the Hout ...

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 to desks following the winter ...

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

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 exception is that anyone invo ...

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 point in the base oil industr ...

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 did not have any requirements ...

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 all sectors of the industry, w ...