US base oils exports to Europe fell in April at the same time as a seasonal pick-up in the region’s lube demand.Exports of 366,020bl (51,550t) to Europe in April fell from 483,450bl the previous month and by 43pc from year-earlier levels, government data showed.The fall in shipments for a second month cut total exports to 1.62mn bl in the first four months of the year. The volume fell by 17pc from the same period last year to the lowest since 2020.Shipments to Europe fell even as total US exports rose to a record high in the first four months of the year.Europe’s Group II base oils price premium to diesel extended its strong rebound during the second quarter of the year..US’ April base oils exports stay high.Contact us for more information about the data for these stories
US base oils exports to Europe fell in April at the same time as a seasonal pick-up in the region’s lube demand.Exports of 366,020bl (51,550t) to Europe in April fell from 483,450bl the previous month and by 43pc from year-earlier levels, government data showed.The fall in shipments for a second month cut total exports to 1.62mn bl in the first four months of the year. The volume fell by 17pc from the same period last year to the lowest since 2020.Shipments to Europe fell even as total US exports rose to a record high in the first four months of the year.Europe’s Group II base oils price premium to diesel extended its strong rebound during the second quarter of the year..US’ April base oils exports stay high.Contact us for more information about the data for these stories
