The UK’s shortfall of base oils supply to demand jumped in June to its widest level since the start of 2020, erasing most of the supply-surplus during the previous two months.Base oils supply, or output and imports combined, came to close to 47,000t in June, government data showed.The volume fell from a more-than-four-year high of more than 77,500t the previous month.Base oils demand, or domestic demand and exports combined, came to almost 77,300t in June.The volume rose from 52,500t the previous month to the highest in more than three years.The disconnect between supply and demand triggered a supply shortfall of more than 30,000t. The shortfall was the widest since January 2020.Supply had exceeded demand in each of the previous two months.The shortfall in June reversed much of that supply-build..UK’s June base oils supply falls
The UK’s shortfall of base oils supply to demand jumped in June to its widest level since the start of 2020, erasing most of the supply-surplus during the previous two months.Base oils supply, or output and imports combined, came to close to 47,000t in June, government data showed.The volume fell from a more-than-four-year high of more than 77,500t the previous month.Base oils demand, or domestic demand and exports combined, came to almost 77,300t in June.The volume rose from 52,500t the previous month to the highest in more than three years.The disconnect between supply and demand triggered a supply shortfall of more than 30,000t. The shortfall was the widest since January 2020.Supply had exceeded demand in each of the previous two months.The shortfall in June reversed much of that supply-build..UK’s June base oils supply falls