Europe’s base oils supply exceeded demand by its largest amount in nineteen months in April as rising output and imports contrasted with a drop in regional and overseas demand.Europe’s base oils output and imports combined came to more than 605,000t in April, government and industry data showed. The volume rose from less than 545,000t in March to a nine-month high.Regional demand and base oils exports combined came to less than 410,000t in April. The volume fell from more than 490,000t the previous month to the lowest since August 2021.The surplus of supply over demand rose in April to more than 200,000t.The surplus rose from around 52,000t the previous month and a deficit of more than 50,000t in February..Europe’s April lube demand falls
Europe’s base oils supply exceeded demand by its largest amount in nineteen months in April as rising output and imports contrasted with a drop in regional and overseas demand.Europe’s base oils output and imports combined came to more than 605,000t in April, government and industry data showed. The volume rose from less than 545,000t in March to a nine-month high.Regional demand and base oils exports combined came to less than 410,000t in April. The volume fell from more than 490,000t the previous month to the lowest since August 2021.The surplus of supply over demand rose in April to more than 200,000t.The surplus rose from around 52,000t the previous month and a deficit of more than 50,000t in February..Europe’s April lube demand falls
