US base oils exports to Africa rose to an eight-month high in March as shipments to Nigeria extended their rebound.Total exports of 181,210bl (25,520t) to Africa in March rose from 117,480bl the previous month, US government data showed. The volume was the highest since July 2022.US exports to Nigeria especially had surged in the five months to July 2022, helping to cover for unusually tight availability in Europe.The pick-up in shipments from the US to Africa showed signs of repeating itself this year, with additional US supplies moving to Nigeria in April.Europe’s base oils supply was less tight than year-earlier levels.But the difficulty of moving shipments from Russia to West Africa slashed supplies from that source.Supplies from the US helped to cover the shortfall..S Korea’s March base oils exports to Nigeria surge
US base oils exports to Africa rose to an eight-month high in March as shipments to Nigeria extended their rebound.Total exports of 181,210bl (25,520t) to Africa in March rose from 117,480bl the previous month, US government data showed. The volume was the highest since July 2022.US exports to Nigeria especially had surged in the five months to July 2022, helping to cover for unusually tight availability in Europe.The pick-up in shipments from the US to Africa showed signs of repeating itself this year, with additional US supplies moving to Nigeria in April.Europe’s base oils supply was less tight than year-earlier levels.But the difficulty of moving shipments from Russia to West Africa slashed supplies from that source.Supplies from the US helped to cover the shortfall..S Korea’s March base oils exports to Nigeria surge