The delivery of premium-grade base oils from Qatar to key global outlets rose to an eight-month high in May amid a surge in shipments to Asia-Pacific.The key markets of US, Europe and Asia took delivery of more than 230,000t of base oils from Qatar in May, government and customs data showed.The volume rose from around 168,000t the previous month and from average flows of less than 147,000 t/month in the seven months to April.Asia-Pacific destinations like China, Japan and Singapore all took delivery of larger-than-usual shipments from Qatar in May.The pick-up in flows to those markets contrasted with steady shipments to Europe and a drop in supplies to the US.The premium of Europe Group III approved and especially unapproved base oils prices over Asia prices narrowed steadily in recent months. .Europe’s May premium-grade imports from Mideast Gulf rise
The delivery of premium-grade base oils from Qatar to key global outlets rose to an eight-month high in May amid a surge in shipments to Asia-Pacific.The key markets of US, Europe and Asia took delivery of more than 230,000t of base oils from Qatar in May, government and customs data showed.The volume rose from around 168,000t the previous month and from average flows of less than 147,000 t/month in the seven months to April.Asia-Pacific destinations like China, Japan and Singapore all took delivery of larger-than-usual shipments from Qatar in May.The pick-up in flows to those markets contrasted with steady shipments to Europe and a drop in supplies to the US.The premium of Europe Group III approved and especially unapproved base oils prices over Asia prices narrowed steadily in recent months. .Europe’s May premium-grade imports from Mideast Gulf rise
