Singapore’s base oil exports were steady in the four weeks to end-March, holding in a narrow range for a fifth month.Exports held close to the 160,000t level in the four weeks to March 30, according to Enterprise Singapore. Exports have held close to that level every month since November..The volumes were up from average export levels of around 151,000 t/month in the first half of last year. But they remained below more typical levels of more than 260,000 t/month in the two years before 2020.Export volumes have remained below their pre-Covid-19 pandemic levels even as economic activity in the region has recovered.Singapore’s base oil import volumes had surged in late 2020 and first-half 2021. The supplies had helped to partially cover for the drop in the island-state's export volumes.But base oil import volumes have fallen back in recent months closer to their pre-2020 levels. The trend has cut the availability of additional supplies, trimming total volumes in the southeast Asia market..Singapore’s Feb base oil exports stay rangebound
Singapore’s base oil exports were steady in the four weeks to end-March, holding in a narrow range for a fifth month.Exports held close to the 160,000t level in the four weeks to March 30, according to Enterprise Singapore. Exports have held close to that level every month since November..The volumes were up from average export levels of around 151,000 t/month in the first half of last year. But they remained below more typical levels of more than 260,000 t/month in the two years before 2020.Export volumes have remained below their pre-Covid-19 pandemic levels even as economic activity in the region has recovered.Singapore’s base oil import volumes had surged in late 2020 and first-half 2021. The supplies had helped to partially cover for the drop in the island-state's export volumes.But base oil import volumes have fallen back in recent months closer to their pre-2020 levels. The trend has cut the availability of additional supplies, trimming total volumes in the southeast Asia market..Singapore’s Feb base oil exports stay rangebound
