Europe’s Group II base oils market share rises in 2023

Europe’s Group II base oils market share rises in 2023
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·        Europe’s Group II base oils prices rise relative to Group I and Group III prices in 2023 even as supply rises, ICIS data shows.

·        Rise in Group II prices versus Group I and Group III prices coincides with ongoing slide in regional lube demand.

·        Trend suggests Group II base oils are covering a growing share of market demand as well as supply.

Europe’s Group II base oils market share rises in 2023
Europe’s Sept Group II supply holds firm

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