Europe’s base oils imports from Russia fell to a multi-year low in March, following the EU’s imposition of a ban on such shipments from the beginning of February.Imports of less than 1,000t in March fell from almost 2,500t the previous month, EU government data showed.The fall in shipments cut total imports to less than 16,000t in the first three months of the year.The volume fell from more than 25,000t during the fourth quarter of last year and more than 68,000t during the first quarter of 2022.Most of the March volumes moved to Latvia and Bulgaria.Weaker-than-usual lube demand in Europe and a swathe of surplus base oils supplies curbed the impact of the slump in Russian shipments during the first quarter of the year..Europe’s Feb base oils imports from Russia fall.Contact us for more information about the data for these stories
