The delivery of premium-grade base oils from the UAE to key global markets rose to a three-month high in April but stayed lower than usual.The key markets of the Americas, Europe and Asia took delivery of around 33,000t of base oils from the UAE in April, government and customs data showed.The volume was up from 25,000t the previous month but still well below average volumes of more than 40,000 t/month in 2022.The sustained slowdown in shipments cut total supplies to around 135,000t in the first four months of the year.The volume fell from 164,850t during the same period last year to the lowest in at least four years.The US was the key outlet for almost all of the supplies in April, even as the country’s Group III base oils prices faced sustained downward pressure from weaker supply-demand fundamentals..April imports from Qatar steady.Contact us for more information about the data for these stories
The delivery of premium-grade base oils from the UAE to key global markets rose to a three-month high in April but stayed lower than usual.The key markets of the Americas, Europe and Asia took delivery of around 33,000t of base oils from the UAE in April, government and customs data showed.The volume was up from 25,000t the previous month but still well below average volumes of more than 40,000 t/month in 2022.The sustained slowdown in shipments cut total supplies to around 135,000t in the first four months of the year.The volume fell from 164,850t during the same period last year to the lowest in at least four years.The US was the key outlet for almost all of the supplies in April, even as the country’s Group III base oils prices faced sustained downward pressure from weaker supply-demand fundamentals..April imports from Qatar steady.Contact us for more information about the data for these stories
