The Netherlands’ base oils supply rose to more typical levels in November amid a recovery in the country’s output of the lubricant feedstock.Domestic and overseas demand also rose, leaving supply matching demand at a time of year when Europe often faces a build-up of surplus base oils supplies.The more balanced fundamentals in markets like the Netherlands raised the prospect of limiting the size of a supply-build in the region during the final months of the year.Base oils output of 95,000t in November recovered from a seventeen-month low of 56,000t in October, government data showed.The November volume was slightly higher than typical levels of around 89,000 t/month over the past year.The Netherlands is the key regional source of Group II base oils for the European market.The rise in output contrasted with a sharp fall in the Netherlands’ imports of Group III base oils from regular sources in the Mideast Gulf in November.The Netherlands’ base oils demand got a boost in November from a pick-up in exports to a five-month high.Exports rose to outlets like West Africa and the US.The country’s supply, or output and imports combined, came to 300,000t in November. The volume was similar to total demand of 299,000t that month..Italy’s November base oils output falls
The Netherlands’ base oils supply rose to more typical levels in November amid a recovery in the country’s output of the lubricant feedstock.Domestic and overseas demand also rose, leaving supply matching demand at a time of year when Europe often faces a build-up of surplus base oils supplies.The more balanced fundamentals in markets like the Netherlands raised the prospect of limiting the size of a supply-build in the region during the final months of the year.Base oils output of 95,000t in November recovered from a seventeen-month low of 56,000t in October, government data showed.The November volume was slightly higher than typical levels of around 89,000 t/month over the past year.The Netherlands is the key regional source of Group II base oils for the European market.The rise in output contrasted with a sharp fall in the Netherlands’ imports of Group III base oils from regular sources in the Mideast Gulf in November.The Netherlands’ base oils demand got a boost in November from a pick-up in exports to a five-month high.Exports rose to outlets like West Africa and the US.The country’s supply, or output and imports combined, came to 300,000t in November. The volume was similar to total demand of 299,000t that month..Italy’s November base oils output falls
