Europe’s base oils imports fell in July to their lowest in more than four years amid a dip in shipments of premium-grade base oils to the region.Base oils imports of less than 115,000t from countries outside Europe fell from around 145,000t the previous month and by 46pc from year-earlier levels, government data showed.Imports of 1.05mn t in the first seven months of the year fell from 1.12mn t during the same period last year. They had exceeded year-earlier levels in the first six months of the year.Imports slowed in July because of a sustained dip in shipments from the US this year.Shipments from the Mideast Gulf had cushioned the slowdown in supplies from the US in first-half 2023.But imports from that region also slumped in July, compounding the drop in total imports..Europe’s July premium-grade imports from Mideast Gulf fall
Europe’s base oils imports fell in July to their lowest in more than four years amid a dip in shipments of premium-grade base oils to the region.Base oils imports of less than 115,000t from countries outside Europe fell from around 145,000t the previous month and by 46pc from year-earlier levels, government data showed.Imports of 1.05mn t in the first seven months of the year fell from 1.12mn t during the same period last year. They had exceeded year-earlier levels in the first six months of the year.Imports slowed in July because of a sustained dip in shipments from the US this year.Shipments from the Mideast Gulf had cushioned the slowdown in supplies from the US in first-half 2023.But imports from that region also slumped in July, compounding the drop in total imports..Europe’s July premium-grade imports from Mideast Gulf fall
