Global base oils exports to Egypt fell to a seven-month low in July amid a slowdown in shipments from Europe and pause in supplies from Saudi Arabia.Total exports of less than 9,000t to Egypt in July fell from more than 14,000t the previous month, government and shipping data showed.Base oils exports fell by more than 20pc and for a sixth month from year-earlier levels.The slowdown cut total supplies to less than 120,000t in the first seven months of the year.The volume fell by 10pc from more than 130,000t during the same period last year.The drop in shipments coincided with slower industrial production growth and sliding car sales in Egypt so far this year.Base oils exports from Europe to Egypt fell to around 89,000t in the first seven months of the year, down from close to 110,000t during the same period last year. .Global exports to Nigeria fall in July
Global base oils exports to Egypt fell to a seven-month low in July amid a slowdown in shipments from Europe and pause in supplies from Saudi Arabia.Total exports of less than 9,000t to Egypt in July fell from more than 14,000t the previous month, government and shipping data showed.Base oils exports fell by more than 20pc and for a sixth month from year-earlier levels.The slowdown cut total supplies to less than 120,000t in the first seven months of the year.The volume fell by 10pc from more than 130,000t during the same period last year.The drop in shipments coincided with slower industrial production growth and sliding car sales in Egypt so far this year.Base oils exports from Europe to Egypt fell to around 89,000t in the first seven months of the year, down from close to 110,000t during the same period last year. .Global exports to Nigeria fall in July