The Netherlands’ base oils and lube supply held in a narrow range in June amid higher output and imports from the previous month.The volume held well below year-earlier levels.Total base oils supply, or output and imports combined, rose to 301,000t in June, up from 281,000t the previous month, government data showed.The volume fell by 34pc and for the fourth time in five months from year-earlier levels.The slowdown cut total supply to 1.89mn t in the first half of the year, down 17pc from 2.26mn t during the same period last year.Base oils and lube output of 89,000t in June rose from 76,000t in May and by 25pc from year-earlier levels.Imports of 212,000t by contrast fell by 45pc in June and for a fifth month from year-earlier levels.Base oils imports of premium grades from Asia-Pacific fell sharply in June.The slowdown contrasted with a rise in shipments from the Mideast Gulf to a five-month high..Europe’s June premium-grade imports from Mideast Gulf stay high
The Netherlands’ base oils and lube supply held in a narrow range in June amid higher output and imports from the previous month.The volume held well below year-earlier levels.Total base oils supply, or output and imports combined, rose to 301,000t in June, up from 281,000t the previous month, government data showed.The volume fell by 34pc and for the fourth time in five months from year-earlier levels.The slowdown cut total supply to 1.89mn t in the first half of the year, down 17pc from 2.26mn t during the same period last year.Base oils and lube output of 89,000t in June rose from 76,000t in May and by 25pc from year-earlier levels.Imports of 212,000t by contrast fell by 45pc in June and for a fifth month from year-earlier levels.Base oils imports of premium grades from Asia-Pacific fell sharply in June.The slowdown contrasted with a rise in shipments from the Mideast Gulf to a five-month high..Europe’s June premium-grade imports from Mideast Gulf stay high
