Europe’s base oils exports to Nigeria rose to a thirteen-month high in April amid a jump in flows from Italy and a resumption of shipments from the Baltic region.Total exports of more than 20,000t to Nigeria in April almost doubled from the previous month, government, port and shipping data showed. The volume was the highest since March 2022 and lifted total exports to Nigeria to almost 60,000t in the first four months of the year.The volume was similar to shipments of close to 61,000t during the same period last year but down from more than 89,000t during the first four months of 2021.Exports were steady from year-earlier levels as a pick-up in spot volumes from Europe countered a drop in supplies of Russian origin from the Baltic region.Exports fell sharply from 2021 as the slump in Russian base oils shipments to Europe from early 2022 cut that region’s surplus supplies of Group I base oils for shipment to outlets like Nigeria..US shipments head for Africa, India.Contact us for more information about the data for these stories
Europe’s base oils exports to Nigeria rose to a thirteen-month high in April amid a jump in flows from Italy and a resumption of shipments from the Baltic region.Total exports of more than 20,000t to Nigeria in April almost doubled from the previous month, government, port and shipping data showed. The volume was the highest since March 2022 and lifted total exports to Nigeria to almost 60,000t in the first four months of the year.The volume was similar to shipments of close to 61,000t during the same period last year but down from more than 89,000t during the first four months of 2021.Exports were steady from year-earlier levels as a pick-up in spot volumes from Europe countered a drop in supplies of Russian origin from the Baltic region.Exports fell sharply from 2021 as the slump in Russian base oils shipments to Europe from early 2022 cut that region’s surplus supplies of Group I base oils for shipment to outlets like Nigeria..US shipments head for Africa, India.Contact us for more information about the data for these stories