The UK’s base oils exports surged to a three-year high in June as a wave of cargoes moved to Africa.Total exports of 53,770t in June more than doubled from less than 26,000t the previous month, government data showed.The volume exceeded typical exports of around 28,000 t/month over the past year.More than 35,000t, or close to 70pc of the shipments, moved to outlets in Africa like Nigeria, Senegal, South Africa and Kenya.The share was up from less than 50pc of the total in 2022.Base oils exports to Europe also rose, but much less sharply.Shipments of around 15,300t to the region in June climbed from less than 10,000t in May to a thirteen-month high. .UK May base oil net supply surplus rises
The UK’s base oils exports surged to a three-year high in June as a wave of cargoes moved to Africa.Total exports of 53,770t in June more than doubled from less than 26,000t the previous month, government data showed.The volume exceeded typical exports of around 28,000 t/month over the past year.More than 35,000t, or close to 70pc of the shipments, moved to outlets in Africa like Nigeria, Senegal, South Africa and Kenya.The share was up from less than 50pc of the total in 2022.Base oils exports to Europe also rose, but much less sharply.Shipments of around 15,300t to the region in June climbed from less than 10,000t in May to a thirteen-month high. .UK May base oil net supply surplus rises