Global base oils exports to Nigeria rose to a thirteen-month high in April amid a simultaneous surge in supplies from the US and from Europe.Base oils exports of more than 49,000t to Nigeria in April rose from around 25,300t the previous month, government and shipping data showed.Exports to the West African country had averaged less than 20,000 t/month in the year to March.Exports rose as refiners in US and Europe sought to clear surplus supplies from their domestic markets.The trend showed signs of extending into May and June for supplies from the US. Tighter surplus availability in Europe raised the prospect of curbing flows from that region..US’ April base oils exports to Africa rise.Contact us for more information about the data for these stories
