Europe’s base oils supply rose close to a five-month high in September on the back of higher volumes from Spain, Netherlands, and Italy.Supply from regional markets rose to more than 390,000t in September, government data showed.The volume rose from close to 350,000t the previous month and by 6pc from year-earlier levels.The higher volumes more than covered for a seasonal rise in Europe’s lube demand in September from August.Including base oils imports from regions outside Europe, total supply of more than 550,000t in September rose from close to 520,000t the previous month.Supply of 1.59mn t in the third quarter of the year was similar to the previous three months but down 9pc from more than 1.75mn t during the same period last year.The smaller volume curbed the region’s supply-surplus heading into the fourth quarter of the year..Europe’s Sept imports hold firm
Europe’s base oils supply rose close to a five-month high in September on the back of higher volumes from Spain, Netherlands, and Italy.Supply from regional markets rose to more than 390,000t in September, government data showed.The volume rose from close to 350,000t the previous month and by 6pc from year-earlier levels.The higher volumes more than covered for a seasonal rise in Europe’s lube demand in September from August.Including base oils imports from regions outside Europe, total supply of more than 550,000t in September rose from close to 520,000t the previous month.Supply of 1.59mn t in the third quarter of the year was similar to the previous three months but down 9pc from more than 1.75mn t during the same period last year.The smaller volume curbed the region’s supply-surplus heading into the fourth quarter of the year..Europe’s Sept imports hold firm
