Italy’s base oils output rose to a three-month high in April at the same time as demand fell. Stocks rose in response.The higher stocks provided a buffer for a drop in base oils output over the following months because of maintenance work at a key Group I plant in the country.There were signs of the shutdown being extended into the third quarter of the year.Base oils output of 81,570t in April rose from 74,630t the previous month, government data showed.Output of 297,120t in the first four months of the year was up 77pc from 168,310t during the same period last year.Supply rose this year because of steady production. Supply was unusually low last year because of the extended shutdown of a Group I base oils plant..Europe’s March base oils supply rises.Contact us for more information about the data for these stories
Italy’s base oils output rose to a three-month high in April at the same time as demand fell. Stocks rose in response.The higher stocks provided a buffer for a drop in base oils output over the following months because of maintenance work at a key Group I plant in the country.There were signs of the shutdown being extended into the third quarter of the year.Base oils output of 81,570t in April rose from 74,630t the previous month, government data showed.Output of 297,120t in the first four months of the year was up 77pc from 168,310t during the same period last year.Supply rose this year because of steady production. Supply was unusually low last year because of the extended shutdown of a Group I base oils plant..Europe’s March base oils supply rises.Contact us for more information about the data for these stories