November 17, 2021

Chaos Continues to Confuse Traders

In some parts of Europe, the Middle East, and Africa, demand is strong for base oil, while it is slowing down in some other countries as
November 10, 2021

Failure of Expectations for Lower Recycled Base Oil Rates Despite Fuel Reduction

Fuel prices remained unchanged for the sixth day following the tax cuts in Indian states and the sharp reduction of petrol and diesel prices. Global crude
November 3, 2021

Base Oil and Lubricant Markets Affected by Various Changes

Last week, major changes happened in the market of base oil and lubricants, including the following: Oil prices continued to break records of past seven years.
October 27, 2021

Sharp Price Increase Has Evoked the Market

Various factors have affected the market last week. changes in the base oil, lubricant, and recycled base oil market were mixed up. While some grades had
October 20, 2021

Stable Lubricant and Base Oil Market with The Chance of Growth

Significant consequences of the Covid-19 epidemic continue to affect the markets of base oils, lubricants and recycled oil. Demand in the market has not yet recovered
October 13, 2021

India Shocked the Market by Ceasing the Shipping from Several Origins

The price of recycled base oil and lubricant peaked in the first half of the year due to declining production and high demand. Last week, while
October 6, 2021

Expectations for a Rise of Recycled oil After the Sudden Reduction

The price of base oil and lubricant has been steady in the last week, unlike expectations. Meanwhile, oil prices continue to rise sharply. This increase in
September 22, 2021

Soaring Freights Shocked the Market

Last week, natural disasters disrupted the export and import schedules. Hurricane Ida caused severe power outages that disrupted the normal operation of ports and terminals. It
September 8, 2021

Expectations for Price Reductions Failed

In recent weeks, there have been developments in the oil and lubricant market that did not last long. At the beginning of the week, due to
August 25, 2021

The Contest of Market New Factors

The Contest of Market New Factors New conditions of the market have changed the fundamentals of the Middle East base oil markets. It seems that new
August 18, 2021

Freights and Political Changes Triggering Market Outlook

Following the sustained demand, base oil production which has been evolving in recent months has improved the supply of more grades. Suppliers seem to be targeting
August 4, 2021

Turbulent Market for Base Oil and Lubricants

After months of severe supply shortages and constant upward price adjustments, the situation of production and supply of base oils has developed. However, with the rising