Europe’s base oils imports from Russia fell to a multi-year low in February as sanctions came into effect that banned the shipment of Russian oil products to the EU.Imports of 2,470t in February fell from 12,450t the previous month to the lowest level in more than a decade, government data showed.Imports of 14,920t from Russia in the first two months of the year were down from more than 36,700t during the same period last year.Weak lube demand in Europe at the start of the year cushioned the impact of the loss of the Russian supplies, which consisted mostly of Group I base oils.Blenders are likely to feel the impact more as they replenish inventories to meet a seasonal pick-up in demand..Europe's Jan imports from Russia rise
Europe’s base oils imports from Russia fell to a multi-year low in February as sanctions came into effect that banned the shipment of Russian oil products to the EU.Imports of 2,470t in February fell from 12,450t the previous month to the lowest level in more than a decade, government data showed.Imports of 14,920t from Russia in the first two months of the year were down from more than 36,700t during the same period last year.Weak lube demand in Europe at the start of the year cushioned the impact of the loss of the Russian supplies, which consisted mostly of Group I base oils.Blenders are likely to feel the impact more as they replenish inventories to meet a seasonal pick-up in demand..Europe's Jan imports from Russia rise
