Market outlook: Middle East and Asia base oils markets set to witness change in 2018

Base oils markets in Asia and the Middle East are set to witness major shifts from 2018 onwards. Key supply–driven changes in the Middle East are set to have an impact on base oils prices in these regions.

Senior Editor Manager Veena Pathare and Markets Editor Izham Ahmad look ahead to 2018, where major trends in the finished lubricants space in a few countries within the GCC are also expected to bring about movements in base oil tradeflows and eventually prices.

About the authors

Veena Pathare
Senior Editor Manager

Veena Pathare is a senior editor manager at ICIS, and covers the Middle East and south Asian polyolefin and base oils markets, providing price reports and news and generating price assessments that are considered as key benchmarks for trade in the industry. Prior to taking on the polyolefins portfolio, Veena covered the polyvinyl chloride (PVC) and polystyrene markets and worked on increasing visibility and engagement for these products.

Izham Ahmad
Markets Editor

Izham Ahmad is a Markets Editor at ICIS and is currently responsible for the Base Oils market in the Middle East region. Izham also covers the Middle East markets for isocyanates and polyols, as well as the biodiesel and ethanol markets for the Asia Pacific region. Izham has written a wide variety of articles on finance, economics and energy, and has analysed the impacts of some of the major global events which have taken place since the end of the 1997/1998 Asian Financial Crisis.

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