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 ...

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 ...

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 ...

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

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

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 ...

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 ...

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 ...

Globally, demand for base oils and finished lubricants is largely down from previous years, even from late-year performance during the COVID-19 era. P ...

Base oil demand-supply balances have diverged significantly between Europe, the Middle East Gulf and Africa. Europe is flush with API Group II oils, b ...

Base oil demand is lackluster across most of Europe, the Middle East and Africa, although there has been an uptick in calls from some export markets, ...

Base oil markets across Europe, the Middle East and Africa are experiencing pressure from the downturn in economic activity in almost all countries ar ...

Base oil markets in Europe, the Middle East and Africa are being pulled apart by two opposing dynamics. On one hand, a real lack of interest from the ...

Kuwait Petroleum Corp. is inviting investors to build a chemical plant that would make maleic anhydride out of n-butene supplied by the nationally own ...

Shell completed the sale last week of an oil products storage facility in the Jebal Ali Free Zone area of Dubai, United Arab Emirates. Used to store l ...

Saudi Aramco, the world’s largest oil company, has approached Valvoline, one of the world’s largest independent lubricant suppliers, about buying ...

Luberef, a base oil joint venture of Saudi Aramco, is considering an initial public stock offering that would aim to raise more than $1 billion, Bloom ...

The world’s largest crude oil supplier and one of the largest owners of base oil assets is getting back into the finished lubricants business. Saudi ...