Africa

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 ...

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 that will increase production cap ...

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 end. December has been forecas ...

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 for API Group I oils. In ligh ...

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 and wounded but also face sho ...

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 base oil markets throughout Euro ...

Among Nigerian blenders, Conoil reported a steep decline in gross profit on lower sales for its lubricants segment, while MRS Oil’s lubricants segme ...

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 lubricant blending operations i ...

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 into a wider conflict involvi ...

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 prices. As long as they continue ...

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, putting on around $3 from last week ...

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 20% rise in sales to the Middle ...

Europe’s finished automotive and lubricant demand is forecast to decrease at a compound annual rate of 0.1% to 2032, hindered by the Ukraine-Russia ...

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 of Brent crude sink below $80 ...

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 fourth quarter and therefore a ...

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 their recent highs, showing tha ...