Europe’s Group III base oils accounted for the largest share of the region’s supply in September for the second time in four months and for just the third time in at least four years.Group III base oils accounted for close to 35pc of Europe’s supply in September, up from close to 30pc the previous month, government data showed.Europe’s Group III base oils supply rose to a six-month high in September on the back of higher volumes from Spain and Asia.Group II base oils accounted for more than 32pc of Europe’s supply in September. The share fell from more than 35pc the previous month.The region’s Group II supply was steady in September as rising regional production countered a drop in imports.Group I base oils accounted for around 33pc of the region’s supply in September. The share was steady from the previous month but down from more than 39pc in 2022 and more than 40pc in 2021.Group I base oils accounted for the largest share of Europe’s supply almost every month before May this year. Group II or Group III base oils accounted for the largest share every month since then..Europe’s Sept Group I supply stays low.Europe’s Sept Group II supply holds firm.Europe Sept Grp III base oil supply rises
