Europe’s base oils supply recovered to an eight-month high in March, coinciding with a seasonal rise in lubricants demand in the region.Base oils supply rose to around 410,000t in March, up from a nine-month low of 330,000t in February.The volume was derived from supply from eleven countries in the region.Base oils supply was up 20pc from 342,000t the same month a year earlier.Europe’s base oils prices surged in first-half 2022 in the face of lower supply and stronger demand.The rise in base oils prices was more muted this year amid steadier supply and a smaller-than-usual rise in demand.Group I base oils supply of around 183,000t in March rose from less than 136,000t the previous month.Europe’s base oils supply, including imports from US, Mideast Gulf and Russia, came to around 515,000t in March, up by close to 120,000t from the previous month..Americas’ March base oils supply falls.Contact us for more information about the data for these stories
Europe’s base oils supply recovered to an eight-month high in March, coinciding with a seasonal rise in lubricants demand in the region.Base oils supply rose to around 410,000t in March, up from a nine-month low of 330,000t in February.The volume was derived from supply from eleven countries in the region.Base oils supply was up 20pc from 342,000t the same month a year earlier.Europe’s base oils prices surged in first-half 2022 in the face of lower supply and stronger demand.The rise in base oils prices was more muted this year amid steadier supply and a smaller-than-usual rise in demand.Group I base oils supply of around 183,000t in March rose from less than 136,000t the previous month.Europe’s base oils supply, including imports from US, Mideast Gulf and Russia, came to around 515,000t in March, up by close to 120,000t from the previous month..Americas’ March base oils supply falls.Contact us for more information about the data for these stories