Tag: Other News and Announcements

The ICIS Middle Eastern Base Oils & Lubricants Conference is moving for the first time in its seventeen-year existence to Saudi Arabia. In recent years, Saudi Arabia has opened its doors to international events, possesses 15% of the world’s proven oil reserves, and is the top crude oil exporter. This affords you the chance to create new relationships and discover commercial business prospects in this vital region.

Oil Prices currently sit in the low-$60s per barrel, caught between rising supply, slower demand growth, and recurring geopolitical shocks. This article explains what drives today’s levels, how benchmarks translate into real costs, and what buyers, professionals, and investors can do—using scenarios, checklists, and practical tactics to manage risk and seize opportunities.