Europe’s base oils imports from Russia edged up in April from the previous month amid a pick-up in supplies to Baltic markets.But the volume remained unusually low, following Europe’s imposition of a ban on imports from Russia from the beginning of February.Total base oils imports of around 1,800t in April rose from less than 1,000t the previous month, government data showed.Imports of 17,590t in the first four months of the year fell from close to 97,000t during the same period last year.Imports edged up in April amid a rise in shipments to Latvia and Lithuania.Weaker-than-usual lube demand in Europe cushioned the impact of the loss of supplies from Russia.But Europe’s Group I prices strengthened relative to Group II prices since the start of the year amid tighter supply fundamentals for Group I base oils..Europe’s March base oils supply rises.Contact us for more information about the data for these stories
Europe’s base oils imports from Russia edged up in April from the previous month amid a pick-up in supplies to Baltic markets.But the volume remained unusually low, following Europe’s imposition of a ban on imports from Russia from the beginning of February.Total base oils imports of around 1,800t in April rose from less than 1,000t the previous month, government data showed.Imports of 17,590t in the first four months of the year fell from close to 97,000t during the same period last year.Imports edged up in April amid a rise in shipments to Latvia and Lithuania.Weaker-than-usual lube demand in Europe cushioned the impact of the loss of supplies from Russia.But Europe’s Group I prices strengthened relative to Group II prices since the start of the year amid tighter supply fundamentals for Group I base oils..Europe’s March base oils supply rises.Contact us for more information about the data for these stories
