Africa

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 ...

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 in some territories while slump ...

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 oils no longer command a price p ...

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 forecasting increasing demand f ...

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 prices rising for some oils an ...

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

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 August. Demand for API Group I an ...

Nigerian fuel and lubricant supplier Ardova Plc has been delisted from Nigeria’s biggest stock exchange after an investment fund controlled by one o ...

EMEA Base Oil Price Report

August 15, 2023

Base oil markets in Europe, the Middle East and Africa are once again defying forecasts, with demand surging during a month that is normally sleepy as ...

Nigerian blender MRS Oil Nigeria Plc reported a nearly six-fold jump in gross profit and an 18% increase in sales revenue for its lubricants segment i ...

With the summer holiday period in full swing, base oil markets across Europe, the Middle East and Africa are exceptionally quiet, with few new dealing ...

The holiday season is officially underway in the European, Middle Eastern and African base oil markets, although many players and participants have be ...

If it is at all possible, base oil markets in Europe, the Middle East and Africa are slowing further, with many players – following coronavirus pand ...

Base oil markets around Europe, the Middle East and Africa are flatlining as the August holiday season approaches, with poor demand leading to longer ...

Sentuo Group is scheduled to begin commissioning its new refinery in Tema, Ghana, next month, bringing sub-Saharan Africa a step closer to again havin ...