Citing higher costs, BP reported that profits for its Castrol Lubricants business fell 37% in the first quarter, while Luberef posted a 47% jump in ne ...

Holidays caused a slow start to base oil trading this week, but prices for API Group I and II oils have risen, while values for some Group III stocks ...

Base oil demand appears to be picking up around Europe, the Middle East and Africa as buyers begin building back inventories that had sunk to extremel ...

Following the Easter and Passover holidays, and with Ramadan coming toward an end, base oil markets are returning to normal and – it appears – fin ...

Base oil markets were subdued the past week thanks to the Ramadan, Passover and Easter holidays that allowed some buyers and sellers to take three-day ...

This week is providing a lesson in how quickly base oil markets can change. For months trading was slow as purchasers were unconcerned about low inven ...

European base oil buyers are still reticent to purchase large quantities of any type of base stock – even to replenish inventories that must be sore ...

Buying activity is starting to pick up in European, Middle Eastern and African base oil markets following an extremely lean spell when purchasers were ...

The economy is a growing concern for base oil markets throughout Europe, the Middle East and Africa as the stubbornness of inflation is raising concer ...

Lubricant blenders throughout Europe, the Middle East and Africa are making smaller base oil purchases than is normal for this time of year, continuin ...

Crude oil prices are falling again, even though demand is forecast to rise as China emerges from last year’s COVID-19 crisis. This spike in demand i ...

Luberef said Sunday that a previously announced expansion of its base oil plant in Yanbu’ al Bahr, Saudi Arabia, will increase capacity by 230,000 m ...

–by Ray Masson

Throughout Europe, the Middle East and Africa, a number of key production outlets have announced that maintenance work will be undertaken during the n ...

The European Union ban on all hydrocarbon derivatives from Russia went into effect Sunday, creating new disruptions for traders selling Russian base o ...

As the European, Middle Eastern and African base oil markets move into February, there are still no signs of a market resurgence. With but a few excep ...

Saudi Aramco announced Jan. 18 that Houston-based Aramco Trading Americas LLC will be the sole supplier and “offtaker” of Motiva Enterprises – o ...

The outlook for base oil markets is cloudy at the moment due to several uncertainties as the industry approaches what is normally a ramp-up to the spr ...

Saudi Arabian lubricants blender Petromin plans to raise up to $1 billion via an initial public offering, Bloomberg reported on Jan. 13. According to ...

The post-holiday return to work has not yielded the purchasing spree that some expected. Lubricant companies were holding exceptionally low inventorie ...