The UK’s base oils supply climbed in May to the highest in more than two years amid firm domestic output and rising imports.Base oils output of 35,170t in May rose from 33,010t in April to a ten-month high, government data showed.Base oils imports of more than 42,300t in May rose to a thirteen-month high.The rise in output and imports lifted total supply to more than 77,600t in May.The volume rose from an already-high 59,200t in April to the highest since October 2020.Supply rose even in the face of weak domestic and regional lube demand..UK’s May base oils exports fall
The UK’s base oils supply climbed in May to the highest in more than two years amid firm domestic output and rising imports.Base oils output of 35,170t in May rose from 33,010t in April to a ten-month high, government data showed.Base oils imports of more than 42,300t in May rose to a thirteen-month high.The rise in output and imports lifted total supply to more than 77,600t in May.The volume rose from an already-high 59,200t in April to the highest since October 2020.Supply rose even in the face of weak domestic and regional lube demand..UK’s May base oils exports fall
