The Netherlands’ base oils and lube demand edged up in June as a pick-up in exports countered a slowdown in domestic consumption.Total demand, or domestic consumption and exports combined, came to 311,000t in June, up from 297,000t the previous month, government data showed.Demand fell by 34pc in June and for a fifth month from year-earlier levels.Domestic consumption fell back to 45,000t in June, from 63,000t the previous month.Demand slowed amid a dip in the category of consumption for transformation in oil products and the category of refinery consumption.Exports rose to 266,000t in June, up from less than 235,000t the previous month.Base oils exports got a boost from a rise in shipments to the UK as well as to more distant outlets like West Africa and the Mideast Gulf..Netherlands’ June supply stays rangebound
The Netherlands’ base oils and lube demand edged up in June as a pick-up in exports countered a slowdown in domestic consumption.Total demand, or domestic consumption and exports combined, came to 311,000t in June, up from 297,000t the previous month, government data showed.Demand fell by 34pc in June and for a fifth month from year-earlier levels.Domestic consumption fell back to 45,000t in June, from 63,000t the previous month.Demand slowed amid a dip in the category of consumption for transformation in oil products and the category of refinery consumption.Exports rose to 266,000t in June, up from less than 235,000t the previous month.Base oils exports got a boost from a rise in shipments to the UK as well as to more distant outlets like West Africa and the Mideast Gulf..Netherlands’ June supply stays rangebound
