Europe’s Group III base oils supply was relatively steady in June even as plant-maintenance work in Spain slashed supply from the country.Total base oils supply of around 133,000t in June fell from more than 142,000t the previous month, government and port data showed.The drop in supply cut volumes in the second quarter to around 398,000t, down from close to 465,000t during the first three months of the year.The slowdown mostly reflected the impact of a drop in supplies from Spain because of scheduled plant maintenance work in the second quarter.A rise in supplies from the Mideast Gulf cushioned the impact of the slowdown.Europe’s total supply of around 863,000t in first-half 2023 was up 10pc from 786,000t during the same period last year and the highest for that period in more than five years..Europe’s June premium-grade imports from Mideast Gulf stay high.Spain’s July Cartagena premium-grade exports rise
Europe’s Group III base oils supply was relatively steady in June even as plant-maintenance work in Spain slashed supply from the country.Total base oils supply of around 133,000t in June fell from more than 142,000t the previous month, government and port data showed.The drop in supply cut volumes in the second quarter to around 398,000t, down from close to 465,000t during the first three months of the year.The slowdown mostly reflected the impact of a drop in supplies from Spain because of scheduled plant maintenance work in the second quarter.A rise in supplies from the Mideast Gulf cushioned the impact of the slowdown.Europe’s total supply of around 863,000t in first-half 2023 was up 10pc from 786,000t during the same period last year and the highest for that period in more than five years..Europe’s June premium-grade imports from Mideast Gulf stay high.Spain’s July Cartagena premium-grade exports rise
