Europe’s Group III base oils supply fell in April after rising to a more-than-four-year high the previous month.Europe’s Group III base oils prices faced growing downward pressure throughout the second quarter of the year even with the fall in supply in April and regional plant maintenance work in May.Supply from within the region, as well as from the Mideast Gulf and Asia, fell back to around 130,000t in April from more than 200,000t in March, government and customs data showed.Even with the drop in volumes, total supplies of around 595,000t in the first four months of the year rose from less than 550,000t during the same period in 2022 to the highest in at least five years..Europe’s April premium-grade imports from Mideast Gulf fall.Contact us for more information about the data for these stories
Europe’s Group III base oils supply fell in April after rising to a more-than-four-year high the previous month.Europe’s Group III base oils prices faced growing downward pressure throughout the second quarter of the year even with the fall in supply in April and regional plant maintenance work in May.Supply from within the region, as well as from the Mideast Gulf and Asia, fell back to around 130,000t in April from more than 200,000t in March, government and customs data showed.Even with the drop in volumes, total supplies of around 595,000t in the first four months of the year rose from less than 550,000t during the same period in 2022 to the highest in at least five years..Europe’s April premium-grade imports from Mideast Gulf fall.Contact us for more information about the data for these stories