Middle East

EMEA Base Oil Price Report

February 21, 2023

–by Ray Masson

EMEA Base Oil Price Report

February 14, 2023

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

EMEA Base Oil Price Report

February 7, 2023

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

EMEA Base Oil Price Report

January 31, 2023

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 ...

EMEA Base Oil Price Report

January 24, 2023

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 ...

EMEA Base Oil Price Report

January 17, 2023

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

EMEA Base Oil Price Report

January 10, 2023

At long last, a degree of normality returned to base oil markets as workers returned to their desks following winter holidays. Lubricant blending oper ...

EMEA Base Oil Price Report

January 3, 2023

This week will start the return of many to workplaces and the restart of operations in blending plants across the regions. Base oil trade throughout E ...

Luberef Completes Stock Offer

December 27, 2022

Luberef said last week that it attracted strong interest to its initial public stock offering, as the retail portion of the sale attracted enough buye ...

EMEA Base Oil Price Report

December 27, 2022

As the calendar turns toward the New Year, base oil markets around Europe, the Middle East and Africa are quiet, with more operations closed down than ...

EMEA Base Oil Price Report

December 19, 2022

As base oil trading starts to slow ahead of the Christmas and New Year celebrations, buyers are less active even in areas not observing the Christian ...

Dussur Buys Stake in Italmatch

December 13, 2022

Saudi investment firm Dussur has agreed to buy a minority stake in Italmatch Chemicals, a growing Italy-based company that supplies esters and chemica ...

EMEA Base Oil Price Report

December 13, 2022

The hot news this week is that Russian companies are encountering problems chartering vessels for cargoes of petroleum products, including base oils. ...

EMEA Base Oil Price Report

December 6, 2022

The principal news this week is that G7 countries and the European Union have established a price cap of $60 per barrel for any purchases of Russian c ...

EMEA Base Oil Price Report

November 29, 2022

Base oil markets throughout Europe, the Middle East and Africa are desperately quiet, with weak demand across the board. Until now, there have always ...

Luberef on Sunday announced plans for an initial public stock offering – which analysts estimated could raise U.S. $1 billion – and that it intend ...

EMEA Base Oil Price Report

November 22, 2022

The oversupply of base oils that rapidly developed during the third quarter now appears to be gradually defusing, thanks largely to many refiners shif ...

Luberef signed memorandums of understanding with several companies this month, agreeing to explore the possibility of constructing facilities to produ ...