European base oils supply from the Netherlands and from US exports rose to a three-month high in February at a time when regional demand was unusually weak.Supply of more than 156,000t in February rose from less than 102,000t the previous month, government data showed.The volume was up from typical levels of around 140,000 t/month over the past year.The Netherlands and the US are the key sources of Group II base oils supplies for the European market.The region’s Group II base oils prices fell sharply in the first two months of the year in response to weak supply-demand fundamentals.Supply likely fell back in March close to one-year lows..Netherlands’ Feb base oils output falls
