Europe’s base oils supply from the Netherlands and US combined rose to a three-month high in July at a time of year when regional demand faced a seasonal slowdown.Total base oils supply of 160,000t in July rose from around 130,000t the previous month, government data showed.Total supply of close to 970,000t in the first seven months of the year rose by 11pc from around 877,000t during the same period last year.Supply rose even as shipments from the US fell by 19pc to less than 315,000t in the first seven months of the year.A more-than 30pc rise in supply from the Netherlands to more than 650,000t more than made up the shortfall.The Netherlands and the US are key suppliers of Group II base oils for the European market.Europe’s Group II price premium to gasoil held relatively firm in the first half of the year before falling sharply in the third quarter, ICIS data showed..Netherlands’ July base oils supply rises.Europe’s July base oils imports fall
