Sunday’s death of Iranian President Ebrahim Raisi raised levels of trepidation in the Middle East, leaving players in the region’s base oil market ...

The conflicts in Ukraine and Gaza continue to grab the headlines, with Russia making advances into Ukraine territory and Israel seemingly intent on a ...

Geopolitical events have fundamental effects on energy prices, and ultimately the prices applied to petroleum products such as base oils, hence this r ...

The past week was relatively serene in the Middle East Gulf region, with no further reprisal attacks from Iran or Israel, but tensions are still high ...

To the relief of many, the break-out of direct hostilities between Israel and Iran seems to be de-escalating after a series of attacks and reprisals a ...

By far the biggest news this week was the Iranian rocket and drone attack on Israel Saturday, undertaken in response to Israel’s April 1 strike on I ...

With Ramadan coming to an end across the Middle East, base oil trading is expected to pick up, although perhaps not until after the Eid al Fitr holida ...

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

The board of directors of Apar Industries Ltd. approved establishment of a wholly owned subsidiary in Saudi Arabia to produce lubricants for equipment ...

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. � ...

China base oil imports fell 2% in 2023 – a slowdown in the country’s decreasing reliance on foreign oils. China has long been one of the world’s ...

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

Russian base oil exports by sea dropped by 10% in 2023 to 260,000 metric tons, as the European Union imposed an embargo on Russian petroleum product i ...

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 ...

Luberef reported a 24% drop in net profit for full-year 2023 as the effects of decreased crack margins more than offset higher base oil sales volumes.

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 ...

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 ...

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 ...

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 ...