The Netherlands’ base oils supply fell to a six-month low in August amid a dip in domestic production and imports.Base oils and lube output of 86,000t in August fell from 96,000t the previous month, government data showed.Output mostly held close to that level throughout most of the past year.The steady output levels lifted total production to more than 740,000t in the first eight months of the year, up 26pc or more than 150,000t from year-earlier levels.The Netherlands’ base oils and lube imports fell even more sharply, countering the rise in production.Imports of less than 195,000t in August fell from more than 210,000t in July to a nine-month low.Base oils imports fell in August even with a rebound in shipments of Group III base oils from the Mideast Gulf. But Group III supplies from Asia fell.The Netherlands also took delivery of a rare cargo from Turkey.The shipment was the second this year. There had been no such shipments from Turkey during the previous four years.The Netherlands’ total supply, or domestic output and imports combined, fell to less than 280,000t in August.The volume fell from close to 310,000t in July to the lowest since February..UK’s August base oils supply falls
The Netherlands’ base oils supply fell to a six-month low in August amid a dip in domestic production and imports.Base oils and lube output of 86,000t in August fell from 96,000t the previous month, government data showed.Output mostly held close to that level throughout most of the past year.The steady output levels lifted total production to more than 740,000t in the first eight months of the year, up 26pc or more than 150,000t from year-earlier levels.The Netherlands’ base oils and lube imports fell even more sharply, countering the rise in production.Imports of less than 195,000t in August fell from more than 210,000t in July to a nine-month low.Base oils imports fell in August even with a rebound in shipments of Group III base oils from the Mideast Gulf. But Group III supplies from Asia fell.The Netherlands also took delivery of a rare cargo from Turkey.The shipment was the second this year. There had been no such shipments from Turkey during the previous four years.The Netherlands’ total supply, or domestic output and imports combined, fell to less than 280,000t in August.The volume fell from close to 310,000t in July to the lowest since February..UK’s August base oils supply falls