Europe’s base oils supply from the Netherlands and from US exports fell in March close to its lowest in more than a year at the same time as regional demand was rising.Supply of less than 110,000t in March fell from more than 156,000t the previous month, government data showed.Supply of around 367,000t in the first three months of the year was down 14pc from more than 425,000t during the fourth quarter of last year.The Netherlands and the US are the key sources of Group II base oils for the European market.Europe’s Group II base oils price premium to diesel recovered strongly from early April. It extended that strength into the beginning of June..Netherlands’ March base oils supply rises.Contact us for more information about the data for these stories
