Europe’s imports of premium-grade base oils from the Mideast Gulf fell in February amid a slump in shipments from Bahrain.A pick-up in supplies from Qatar cushioned the slowdown.Imports of 7,730t from UAE and Bahrain combined fell from more than 37,600t the previous month, government data showed.The January imports got a boost from the delivery of an unusually large volume of supplies from Bahrain. The February imports from Bahrain were lower than usual.Including Qatar, Europe’s imports of 34,680t in February fell from more than 57,000t the previous month.Europe’s Group III prices rose relative to other base oils grades in the first quarter of the year in response to firm demand and tight supplies..S Korea’s March exports to Europe fall
Europe’s imports of premium-grade base oils from the Mideast Gulf fell in February amid a slump in shipments from Bahrain.A pick-up in supplies from Qatar cushioned the slowdown.Imports of 7,730t from UAE and Bahrain combined fell from more than 37,600t the previous month, government data showed.The January imports got a boost from the delivery of an unusually large volume of supplies from Bahrain. The February imports from Bahrain were lower than usual.Including Qatar, Europe’s imports of 34,680t in February fell from more than 57,000t the previous month.Europe’s Group III prices rose relative to other base oils grades in the first quarter of the year in response to firm demand and tight supplies..S Korea’s March exports to Europe fall