The delivery of premium-grade base oils from the UAE to key markets around the world fell to a seventeen-month low in February amid a dip in shipments to the US.The slowdown followed a rise in shipments from the UAE to an eight-month high in January.The trend suggested supplies remained relatively steady in the first two months of the year.US, Europe and Asia-Pacific took delivery of more than 20,000t from the UAE in February, government data showed.The volume fell from more than 55,000t the previous month to the lowest since September 2021.Average shipments of 38,000 t/month in the first two months of the year were close to typical levels of around 40,000 t/month in 2022.The UAE, along with Qatar and Bahrain, make the Mideast Gulf a key source of Group III and Group III+ base oils for the global market..Feb base oil imports from Bahrain steady
The delivery of premium-grade base oils from the UAE to key markets around the world fell to a seventeen-month low in February amid a dip in shipments to the US.The slowdown followed a rise in shipments from the UAE to an eight-month high in January.The trend suggested supplies remained relatively steady in the first two months of the year.US, Europe and Asia-Pacific took delivery of more than 20,000t from the UAE in February, government data showed.The volume fell from more than 55,000t the previous month to the lowest since September 2021.Average shipments of 38,000 t/month in the first two months of the year were close to typical levels of around 40,000 t/month in 2022.The UAE, along with Qatar and Bahrain, make the Mideast Gulf a key source of Group III and Group III+ base oils for the global market..Feb base oil imports from Bahrain steady