Europe’s base oils exports to North African markets like Egypt stayed higher than usual in February even amid a dip in shipments from Italy.The firm volumes added to a clear-out of surplus supplies from Europe, where demand was weaker than usual for longer than usual.Exports of more than 29,000t to North Africa in February were almost the same as the previous month, government data showed.The volume matched average levels of close to 30,000 t/month in the six months to February, up from around 26,300 t/month in first-half 2022.Exports from Spain rose to a three-month high, and shipments from the Netherlands to an eleven-month high.The shipments balanced out a fall in exports from Italy to 13,200t, from more than 20,000t in January.A wave of supplies from Italy moved to the UAE instead..Italy's Feb base oils exports to UAE stay high
Europe’s base oils exports to North African markets like Egypt stayed higher than usual in February even amid a dip in shipments from Italy.The firm volumes added to a clear-out of surplus supplies from Europe, where demand was weaker than usual for longer than usual.Exports of more than 29,000t to North Africa in February were almost the same as the previous month, government data showed.The volume matched average levels of close to 30,000 t/month in the six months to February, up from around 26,300 t/month in first-half 2022.Exports from Spain rose to a three-month high, and shipments from the Netherlands to an eleven-month high.The shipments balanced out a fall in exports from Italy to 13,200t, from more than 20,000t in January.A wave of supplies from Italy moved to the UAE instead..Italy's Feb base oils exports to UAE stay high
