News

California’s fuel market is heading into a major shake-up. Two of the state’s nine gasoline-making refineries are shutting down by early 2026. Together, that’s 284,000 barrels per day — around 17% of California’s entire gasoline production. These closures are happening because of strict regulations, high operating costs, and lower long-term demand for traditional fuel, making […]

Europe saw a strong rise in Group III base oil imports from Bahrain and the UAE in September. These imports reached their highest level in six months, going up from about 15,000 tonnes in August. This shows that shipments from the Middle East are getting back on track. Earlier, imports dropped because both Bahrain and

Petrol prices in the UAE might go down a little in November 2025 if global oil prices stay low for the rest of the month. In October, the average Brent oil price was about $65.22 per barrel, lower than $67 in September. This means UAE fuel prices could be adjusted to match the global rates

The UAE has officially revealed the fuel prices for November 2025, bringing slight relief to motorists compared to last month’s rates. Here’s the updated price list effective from November 1, 2025: After last month’s increase, these new rates show a small but welcome drop across all fuel types, giving UAE drivers a bit of a

The Abu Dhabi Department of Energy (DoE) and the Dubai Supreme Council of Energy (SCE) have signed a memorandum of understanding (MoU) to unify the regulation of petroleum and gas product trading across the UAE. The agreement was announced during ADIPEC 2025 and aims to strengthen licensing, monitoring, and safety standards for the sector. The

Honda Racing Corporation USA made waves at the 2025 SEMA Show by introducing Formula R, its first consumer engine oil line designed to bring race-level performance to everyday Honda and Acura cars. Developed with Phillips 66 Lubricants, Honda’s trusted technology partner for over 15 years and the official oil supplier for the championship-winning Acura ARX-06

ENEOS has launched new high-performance products for the U.S. and Canadian markets. The lineup includes updated automatic transmission fluids, compressor oils for hybrid and electric vehicles, and larger packaging for popular synthetic motor oils. As a trusted OE (original equipment) lubricant supplier, ENEOS is enhancing its North American range with next-generation formulations to meet modern

The U.S. lubricant industry has grown from small-scale trading to becoming an important player in the global market. While domestic demand is expected to remain soft in 2025, new opportunities are emerging for 2026. These include higher industrial demand driven by reshoring, expanding marine exports, growth in Mexico and Brazil, and potential markets in Southeast

The petroleum sector is facing job cuts as crude prices stay low and companies merge. Brent crude is around $63–64 per barrel, down about 10.5% this year, pushing major oil companies to reduce staff to stay profitable. This has raised concerns for supply chains and downstream markets, including lubricant production. Recent moves show the scale: