Russian base oil exports by sea dropped by 10% in 2023 to 260,000 metric tons, as the European Union imposed an embargo on Russian petroleum product i ...

Base oil trading trends in Europe and the Middle East Gulf are diverging this week as buying activity picks up in the latter region while the former r ...

Base oil markets across the European, Middle Eastern and African regions are generally quiet, with demand subdued in many areas for all types of base ...

Luberef reported a 24% drop in net profit for full-year 2023 as the effects of decreased crack margins more than offset higher base oil sales volumes.

Base oil and finished lubricant markets from the Americas to Asia are feeling impacts of the ongoing attacks on shipping through the Red Sea. – by R ...

Base oil markets in Europe, the Middle East and Africa continue to feel impacts of armed conflicts, but the effects vary from region to region. In gen ...

API Group I base oil prices have tumbled in Europe on the back of exceptionally aggressive export pricing from Eni in Livorno, Italy. The site could c ...

The Middle East conflict deepened the past week as the United States attacked multiple sites in Syria and Iraq that it claimed were home to militias i ...

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 ...