The Netherlands’ base oils and lube demand fell in May as a dip in exports countered a rise in domestic consumption.Total domestic demand of 63,000t in May rose from 15,000t the previous month, government data showed. The volume was the highest in five months.Demand rose because of a jump in the category of consumption for transformation in oil products and the category of refinery consumption.Higher demand in those categories previously coincided with factors like plant maintenance work.Base oils and lube exports of 234,000t in June fell from more than 350,000t the previous month.Beyond Europe, a slowdown in shipments to African markets like South Africa and Nigeria countered higher shipments to Egypt and UAE.Total demand, or domestic consumption and exports combined, fell to 297,000t in May, down from 370,000t the previous month. .Netherlands’ May base oils supply falls
The Netherlands’ base oils and lube demand fell in May as a dip in exports countered a rise in domestic consumption.Total domestic demand of 63,000t in May rose from 15,000t the previous month, government data showed. The volume was the highest in five months.Demand rose because of a jump in the category of consumption for transformation in oil products and the category of refinery consumption.Higher demand in those categories previously coincided with factors like plant maintenance work.Base oils and lube exports of 234,000t in June fell from more than 350,000t the previous month.Beyond Europe, a slowdown in shipments to African markets like South Africa and Nigeria countered higher shipments to Egypt and UAE.Total demand, or domestic consumption and exports combined, fell to 297,000t in May, down from 370,000t the previous month. .Netherlands’ May base oils supply falls