The delivery of premium-grade base oils from Qatar to key global outlets fell to a five-month low in July amid a slump in shipments to Europe.The key markets of US, Europe and Asia took delivery of less than 110,000t of base oils in July, government and customs data showed.The volume fell from close to 140,000t the previous month to the lowest since February.Total shipments of 1.10mn t in the first seven months of the year were still up 3pc from 1.07mn t during the same period last year.The size of the rise in shipments was down from a 10pc increase in the first half of the year.The US and especially Europe took delivery of lower volumes in July from the previous month.The delivery of shipments to Asia was steadier.But these included a larger-than-usual volume of shipments to India. The supplies countered a slump in shipments to Hong-Kong to a three-month low..Europe’s July premium-grade imports from Mideast Gulf fall
The delivery of premium-grade base oils from Qatar to key global outlets fell to a five-month low in July amid a slump in shipments to Europe.The key markets of US, Europe and Asia took delivery of less than 110,000t of base oils in July, government and customs data showed.The volume fell from close to 140,000t the previous month to the lowest since February.Total shipments of 1.10mn t in the first seven months of the year were still up 3pc from 1.07mn t during the same period last year.The size of the rise in shipments was down from a 10pc increase in the first half of the year.The US and especially Europe took delivery of lower volumes in July from the previous month.The delivery of shipments to Asia was steadier.But these included a larger-than-usual volume of shipments to India. The supplies countered a slump in shipments to Hong-Kong to a three-month low..Europe’s July premium-grade imports from Mideast Gulf fall
