The UK’s base oils supply lagged demand for a second month in March, clearing a build-up of surplus volumes since late last year.The country’s combined base oils output and imports came to 50,970t in March, government data showed. Supply held close to that level in each of the three months before March.The volume was down from more than 56,000 t/month in the year to last November.Total demand, or domestic demand and exports combined, rose in March to a seven-month high of 57,680t.The surplus of demand over supply narrowed to 6,710t in March, from 8,220t the previous month.Demand had lagged supply in the four months to January.Firmer demand relative to supply from February coincided with steadier then higher base oils prices in Europe..UK March base oil exports to Africa rise
The UK’s base oils supply lagged demand for a second month in March, clearing a build-up of surplus volumes since late last year.The country’s combined base oils output and imports came to 50,970t in March, government data showed. Supply held close to that level in each of the three months before March.The volume was down from more than 56,000 t/month in the year to last November.Total demand, or domestic demand and exports combined, rose in March to a seven-month high of 57,680t.The surplus of demand over supply narrowed to 6,710t in March, from 8,220t the previous month.Demand had lagged supply in the four months to January.Firmer demand relative to supply from February coincided with steadier then higher base oils prices in Europe..UK March base oil exports to Africa rise
