Base oils shipments from the Saudi Arabian ports of Yanbu and Jeddah fell in July to their lowest in almost two years.Base oils shipments of less than 30,000t in July fell from close to 80,000t the previous month, shipping data showed.The June volume had been the highest in fourteen months and extended a surge in flows during the second quarter of the year.The July volume was the lowest since September 2021 as a slide in shipments from Yanbu outweighed a pick-up in flows from Jeddah.The June shipments had included a large volume of supplies moving to outlets like Egypt, Europe, US and Africa.The July volume mostly stayed within the Mideast Gulf and India markets.Shipments from the two ports showed signs of recovering in the month of August..May base oils imports from Mideast Gulf rise
Base oils shipments from the Saudi Arabian ports of Yanbu and Jeddah fell in July to their lowest in almost two years.Base oils shipments of less than 30,000t in July fell from close to 80,000t the previous month, shipping data showed.The June volume had been the highest in fourteen months and extended a surge in flows during the second quarter of the year.The July volume was the lowest since September 2021 as a slide in shipments from Yanbu outweighed a pick-up in flows from Jeddah.The June shipments had included a large volume of supplies moving to outlets like Egypt, Europe, US and Africa.The July volume mostly stayed within the Mideast Gulf and India markets.Shipments from the two ports showed signs of recovering in the month of August..May base oils imports from Mideast Gulf rise