Base Oils and Lubricants - Weekly Global Market Review (5 Dec)

Base Oils and Lubricants  - Weekly Global Market Review (5 Dec)
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Summary
  • Asia: Base oils output rises in South Korea, Japan, China

  • Singapore: Exports hit a five-month high, with increased shipments to US

  • Europe: Group II supply falls at end-Q3, while Group I surplus lingers

  • US: Domestic demand extends rebound in September; naphthenic output slumps

  • South America: Supply tightens in Brazil and Argentina at start of Q4

  • Cargo flows: More cargoes head to/reach Nigeria

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