Europe’s base oils supply rose to a twenty-month high in April on the back of a rebound in production of Group I and premium-grade base oils.Base oils supply of more than 467,000t in April rose from around 410,000t the previous month and from close to 330,000t in February.The volume was derived from supply from eleven countries in the region.Supply got a boost from a rise in Europe’s Group I base oils output in April to its highest since mid-2021.Total Group I base oils output of more than 700,000t in the first four months of the year was up more than 20pc from less than 578,000t during the same period last year.Premium-grade base oils supply got a boost from higher volumes from the Netherlands..Americas’ April base oils supply rises
Europe’s base oils supply rose to a twenty-month high in April on the back of a rebound in production of Group I and premium-grade base oils.Base oils supply of more than 467,000t in April rose from around 410,000t the previous month and from close to 330,000t in February.The volume was derived from supply from eleven countries in the region.Supply got a boost from a rise in Europe’s Group I base oils output in April to its highest since mid-2021.Total Group I base oils output of more than 700,000t in the first four months of the year was up more than 20pc from less than 578,000t during the same period last year.Premium-grade base oils supply got a boost from higher volumes from the Netherlands..Americas’ April base oils supply rises