Europe’s Group I base oils supply from regional sources and from Russian imports rose to a nine-month high in April mostly because of rebounding output in Italy.Regional Group I supply and Russian imports combined rose to more than 200,000t in April and to almost 720,000t in the first four months of the year, government data showed.The volume was up 7pc from less than 675,000t during the same period last year.Some 14pc of the supplies originated from Russia in the first four months of 2022.The share fell back to 2pc of total supplies in the first four months of this year.The lower share reflected the impact of the EU’s ban on Russian base oils imports from the beginning of February.The ban had raised concern about insufficient Group I base oils supply in the European market..Italy’s April base oils output rises
