Italy’s base oils exports fell to a seventeen-month low in July, slashing flows to Africa especially.Total exports of less than 37,000t in July fell from close to 40,000t the previous month, government data showed.The June and July volumes were the lowest since the beginning of 2022, when a Group I base oils plant in Italy remained offline for extended maintenance work.The Group I unit underwent further maintenance work from May this year. The shutdown extended through most of the third quarter of the year.Shipments to outlets in Europe fell in July but remained in a 25,000-35,000 t/month range since April.Exports to the Mideast Gulf continued to hold rangebound at around 3,000-5,000 t/month since February.Exports to Africa fell more steeply.Shipments of less than 6,500t to Africa in July fell from close to 8,000t in June and from average volumes of close to 20,000 t/month in the first four months of the year..UK’s July base oils exports slump.Italy’s June base oils output slumps
Italy’s base oils exports fell to a seventeen-month low in July, slashing flows to Africa especially.Total exports of less than 37,000t in July fell from close to 40,000t the previous month, government data showed.The June and July volumes were the lowest since the beginning of 2022, when a Group I base oils plant in Italy remained offline for extended maintenance work.The Group I unit underwent further maintenance work from May this year. The shutdown extended through most of the third quarter of the year.Shipments to outlets in Europe fell in July but remained in a 25,000-35,000 t/month range since April.Exports to the Mideast Gulf continued to hold rangebound at around 3,000-5,000 t/month since February.Exports to Africa fell more steeply.Shipments of less than 6,500t to Africa in July fell from close to 8,000t in June and from average volumes of close to 20,000 t/month in the first four months of the year..UK’s July base oils exports slump.Italy’s June base oils output slumps