The Netherlands’ base oils demand outpaced supply in May for the first time in three months, reversing a recent build-up of surplus supplies.Total supply, or domestic production and imports combined, fell to 281,000t in May, down from more than 420,000t the previous month, government data showed.Total demand, or domestic consumption and exports combined, fell less steeply to 297,000t, from 370,000t in April.The 16,000t supply shortfall in May was the largest in a year and cut the country’s stocks that rose in April to their highest in almost three years.The Netherlands is a key source of Group II base oils for the European market. .Netherlands’ May base oils supply falls
