The delivery of premium-grade base oils from the Mideast Gulf to key global markets recovered in March on the back of a pick-up in shipments from Qatar and Bahrain.US imports from the region slumped even as total supplies rose. Shipments bound for Europe and the Asia-Pacific region rebounded.The key markets of US, Europe and Asia-Pacific took delivery of more than 225,000t of base oils from Qatar, Bahrain and UAE combined, government data showed.The volume rose from a 32-month low of less than 150,000t in February.Shipments rose even as supplies from the UAE stayed lower than usual for a second month.Shipments of less than 50,000t to the US fell from more than 80,000t in February to a five-month low.The Asia-Pacific region by contrast took delivery of almost 110,000t of supplies, up from less than 35,000t the previous month..Europe’s March premium-grade imports from Mideast Gulf rise.Contact us for more information about the data for these stories
