The Middle East situation intensified further the past week as the United States directly accused Iran of being responsible for proxy attacks in Jorda ...

The effects of ships avoiding the Red Sea are becoming more apparent as the days go by, with governments and operating companies realizing the complic ...

The main news topic this week is the escalation of attacks against merchant shipping in the Red Sea corridor, and retaliatory strikes against the Hout ...

European, Middle Eastern and African base oil markets are gradually returning to everyday business as players head back to desks following the winter ...

Base oil markets remain very quiet, but activity could pick up this week as many players come back into circulation. The exception is that anyone invo ...

As markets close for the festive season, and more and more players are missing from desks and offices, the major talking point in the base oil industr ...

Last week saw a stand-off in European, Middle Eastern and African base oil markets, with buyers stating firmly that they did not have any requirements ...

If possible, base oil trade across Europe, the Middle East and Africa is slowing even more. Demand is disappearing from all sectors of the industry, w ...

Base oil prices are weakening throughout Europe, the Middle East and Africa as trading activity slows ahead of the year end. December has been forecas ...

Demand for all types of base oil has been falling the past week across Europe, the Middle East and Africa – especially for API Group I oils. In ligh ...

Global news continues to be dominated by warring in Gaza and Ukraine, where innocent civilians are not only being killed and wounded but also face sho ...

The war between Israel and Hamas continues to have a destabilizing effect on energy markets, creating uncertainty for base oil markets throughout Euro ...

BP reported that profit for its Castrol lubricants business rose 23% because of higher margins, and Luberef reported a 28% drop in net profit for the ...

The increasing hostilities in and around the Gaza Strip are severely disrupting base oil supply lines in the area, and lubricant blending operations i ...

Israel’s campaign in the Palestinian territories ramped up the past week, stoking fears that the fighting could spread into a wider conflict involvi ...

The armed conflicts in Ukraine and the Middle East are at different stages, but both are helping to push up crude oil prices. As long as they continue ...

Lubricant consumption in Africa is forecast to grow at a compound annual rate of 2.4% over the next five years, an official with base oil trader Penth ...

Crude and feedstocks rallied early this week, with dated deliveries of Brent crude breaching the $90 level Monday, putting on around $3 from last week ...

Hindustan Petroleum Corp. Ltd. reported a 15% bump in lubricant sales for the fiscal year ended March 31, boosted by a 20% rise in sales to the Middle ...

Europe’s finished automotive and lubricant demand is forecast to decrease at a compound annual rate of 0.1% to 2032, hindered by the Ukraine-Russia ...