Europe’s base oils supply fell close to a one-year low in May as plant maintenance work slashed output in markets like Italy and Spain.Base oils supply of less than 335,000t in May fell from more than 460,000t the previous month.The volume was derived from supply from eleven countries in the region.Supply rose by 6pc and for the fourth time in five months from year-earlier levels.The trend lifted total supply to 1.92mn t in the first five months of the year, up 13pc from 1.70mn t during the same period last year.The fall in supply in May from April was unusually steep as plant maintenance work began in Spain and Italy.Output also slowed sharply in the Netherlands and Turkey from the previous month.Group I base oils supply fell to less than 170,000t in May, from more than 200,000t the previous month..Italy’s May base oils output falls
Europe’s base oils supply fell close to a one-year low in May as plant maintenance work slashed output in markets like Italy and Spain.Base oils supply of less than 335,000t in May fell from more than 460,000t the previous month.The volume was derived from supply from eleven countries in the region.Supply rose by 6pc and for the fourth time in five months from year-earlier levels.The trend lifted total supply to 1.92mn t in the first five months of the year, up 13pc from 1.70mn t during the same period last year.The fall in supply in May from April was unusually steep as plant maintenance work began in Spain and Italy.Output also slowed sharply in the Netherlands and Turkey from the previous month.Group I base oils supply fell to less than 170,000t in May, from more than 200,000t the previous month..Italy’s May base oils output falls
