The Netherlands’ base oils output rose to a five-month high in September, coinciding with a seasonal pick-up in regional demand.Base oils and lube output of 98,000t in September rose from 86,000t the previous month and by 20pc from year-earlier levels, government data showed.The higher output lifted total production to 840,000t in the first nine months of the year.The volume was up 26pc from 669,000t during the same period last year.The rise in the Netherlands’ base oils output this year contrasted with a drop in Europe’s Group I base oils supply and lower imports of premium-grade base oils.The rise in base oils output in September coincided with and helped cover for a seasonal rise in Europe’s lube demand to a four-month high.The Netherlands’ supply got a further boost in September from a surge in imports of Group III base oils from Indonesia, as well as from Bahrain..US’ Sept exports to Europe stay low
The Netherlands’ base oils output rose to a five-month high in September, coinciding with a seasonal pick-up in regional demand.Base oils and lube output of 98,000t in September rose from 86,000t the previous month and by 20pc from year-earlier levels, government data showed.The higher output lifted total production to 840,000t in the first nine months of the year.The volume was up 26pc from 669,000t during the same period last year.The rise in the Netherlands’ base oils output this year contrasted with a drop in Europe’s Group I base oils supply and lower imports of premium-grade base oils.The rise in base oils output in September coincided with and helped cover for a seasonal rise in Europe’s lube demand to a four-month high.The Netherlands’ supply got a further boost in September from a surge in imports of Group III base oils from Indonesia, as well as from Bahrain..US’ Sept exports to Europe stay low