Spain’s base oils supply fell in August amid a drop in supplies of Group I and premium-grade base oils.Total supply of around 58,000t in August fell from more than 96,000t the previous month, government and port data showed.The July volume was unusually high.The August volume was similar to supply levels in May and June and down from typical levels of around 72,000 t/month in 2022.Total supply of 602,000t in the first eight months of the year remained above year-earlier levels of 576,000t.But supply of 260,000t in the four months to August was down 14pc from more than 302,000t during the same period last year.The fall in supply in recent months partly reflected the impact of maintenance work on a Group III plant in the second quarter of the year.Spain’s Group I base oils output also extended its fall in August for a sixth month..Europe’s August base oils exports rise
Spain’s base oils supply fell in August amid a drop in supplies of Group I and premium-grade base oils.Total supply of around 58,000t in August fell from more than 96,000t the previous month, government and port data showed.The July volume was unusually high.The August volume was similar to supply levels in May and June and down from typical levels of around 72,000 t/month in 2022.Total supply of 602,000t in the first eight months of the year remained above year-earlier levels of 576,000t.But supply of 260,000t in the four months to August was down 14pc from more than 302,000t during the same period last year.The fall in supply in recent months partly reflected the impact of maintenance work on a Group III plant in the second quarter of the year.Spain’s Group I base oils output also extended its fall in August for a sixth month..Europe’s August base oils exports rise