Base oils exports to Nigeria rose to a one-year high in March even with an ongoing pause in shipments from Russia and lower-than-usual volumes from Europe.A pick-up in shipments from the US and an unusual surge in supplies from South Korea more than countered the slowdown.Combined exports from the US, Europe and Baltic market rose to a four-month high of more than 25,000t in March, government and shipping data showed.Including South Korea, exports of more than 37,000t to Nigeria in March rose from around 22,300t the previous month to the highest since March 2022.The loss of supplies of Russian origin had raised the prospect of tighter supplies for Nigerian buyers.Plentiful surplus availability in other regions more than made up the shortfall..Europe March exports to Nigeria steady.Contact us for more information about the data for these stories
Base oils exports to Nigeria rose to a one-year high in March even with an ongoing pause in shipments from Russia and lower-than-usual volumes from Europe.A pick-up in shipments from the US and an unusual surge in supplies from South Korea more than countered the slowdown.Combined exports from the US, Europe and Baltic market rose to a four-month high of more than 25,000t in March, government and shipping data showed.Including South Korea, exports of more than 37,000t to Nigeria in March rose from around 22,300t the previous month to the highest since March 2022.The loss of supplies of Russian origin had raised the prospect of tighter supplies for Nigerian buyers.Plentiful surplus availability in other regions more than made up the shortfall..Europe March exports to Nigeria steady.Contact us for more information about the data for these stories
