Month: January 2022

EMEA Base Oil Price Report 25.01.22

The world is on tenterhooks as Russian troops amass at the border of Ukraine without so far declaring any intentions as to their reason to be there, other than to provoke western nations into rebukes and warnings of any invasion of Ukraine.

The uncertainty of future events is weighing heavily on trade and commerce across the region and is involving other nations such as the United States, China, the European Union and the United Kingdom. Representations were voiced and continue to be made to Putin and his government. read more

EMEA Base Oil Price Report 11.01.22

Base oil trading was relatively muted last week as celebrations in Russia, Greece and other Christian Orthodox countries prolonged the holiday season following Christmas and New Year festivities in areas that follow the Gregorian calendar. COVID-19 also played a role as main markets through Europe, the Middle East and Africa suffered from isolation practices or people missing work.

Prices have been difficult to gauge with little movement from December’s levels, whilst raw material costs continue to increase with crude and feedstock prices starting to climb despite assurances from Opec and other large producers that they are pushing increasing quantities of crude oil on to the market to try to hold down prices, or at least contain them in the bands established during the first few days of 2022. read more