Middle East

Although COVID-19 impacted the economies of Africa and the Middle East in three key ways – the cost of coping with the pandemic, suppressed oil pric ...

Lubricant demand within the Gulf Cooperation Council is expected to grow at a moderate pace in the coming years, as member countries diversify their e ...

Discouraging imports of low-grade blended lubricants and curtailing sales of straight mineral oils promoted as finished products are two key ways Nige ...

Abu Dhabi National Oil Co. said Monday that it will now guarantee that its base stocks meet specified parameters for viscosity index and tendency to e ...

Neste Divests Stake in Nynas

September 22, 2020

A district judge in Sodertorn, Sweden, on Thursday approved Nynas AB’s petition to extend its court-administered reorganization process for another ...

The European Union’s energy demand is forecast to decline by as much as 30% by 2050, depending on how quickly policy measures and societal behavior ...

Global demand for general industrial lubricants will decline 13 percent for this year, due to the COVID-19 pandemic, consultancy Kline & Co. proje ...

Financially troubled GP Global announced last week that it has hired a restructuring officer to oversee its quest for capital infusion along with a re ...

India-based Siddharth Grease & Lubes Pvt.’s subsidiary opened a lubricant and grease manufacturing plant in the United Arab Emirates to supply m ...

Authorities in Ajman, United Arab Emirates, confiscated 100,000 packs of fake engine oil after a sweep last week on a counterfeit operation in the tin ...

Fears that the market for aviation lubricants and greases in the Middle East is unravelling as a result of the Covid-19 pandemic are exaggerated, anal ...

United States sanctions have forced Iranian refiners to find alternative export channels for their API Group I base oil to avoid detection and shore u ...

Renewed fears arose of disruption to base oil supplies from the Middle East, following the United States killing on Jan. 3 of Iranian Major General Qa ...

Wider use of synthetic engine oils and a shift to electric vehicles could reduce the threat of environmental contamination from waste oil in the Middl ...

Iraq has emerged as Irans main export market for base oils as the weight of United States sanctions shut down the Islamic Republics traditional trade ...

Everyone’s Business

September 17, 2019

Mark Townsend files another dispatch from the turbulent Gulf.

Compared to previous engine oil standards, Asia, Middle East and Africa regions may see a quicker rollout of ILSAC GF-6 following its launch in North ...

Higher insurance premiums could put upward pressure on prices for API Group II and III base stocks from the Middle East Gulf after last weeks decision ...

U.S. refiners export significant quantities of base oils to the Middle East despite the regions substantial investment in API Group II and III product ...

The Middle East is a major base oil producer and consumer, and its market is fast moving. How will this dynamism affect the market as more higher-grad ...