Europe’s Group III base oils supply rose to a six-month high in September as a pick-up in flows from Spain and Asia more than countered a slowdown in shipments from the Mideast Gulf.Group III base oils supply of more than 170,000t in September rose from less than 145,000t the previous month, government and industry data showed.The volume rose by 12pc and for the first time in three months from year-earlier levels.Total supply of 1.40mn t in the first nine months of the year was up 5pc from 1.33mn t during the same period last year.Supply rose in September on the back of higher flows from Spain and a recovery in shipments from Asia to a four-month high.Supplies from the Mideast Gulf fell because of a dip in shipments from the UAE.The rise in supply coincided with increasingly weak Group III base oils in Europe, ICIS data showed. .Europe's Sep premium-grade imports from Mideast Gulf fall
Europe’s Group III base oils supply rose to a six-month high in September as a pick-up in flows from Spain and Asia more than countered a slowdown in shipments from the Mideast Gulf.Group III base oils supply of more than 170,000t in September rose from less than 145,000t the previous month, government and industry data showed.The volume rose by 12pc and for the first time in three months from year-earlier levels.Total supply of 1.40mn t in the first nine months of the year was up 5pc from 1.33mn t during the same period last year.Supply rose in September on the back of higher flows from Spain and a recovery in shipments from Asia to a four-month high.Supplies from the Mideast Gulf fell because of a dip in shipments from the UAE.The rise in supply coincided with increasingly weak Group III base oils in Europe, ICIS data showed. .Europe's Sep premium-grade imports from Mideast Gulf fall
