· Crude oil prices fall sharply over past week to lowest this month.· Price-drop reverses almost all the price-surge in early April following OPEC+ announcement to cut crude production from May.· Prices fall as concern about slowing global economic growth outweighs prospect of tighter supply.· Diesel prices fall more steeply than crude – adding to signs of slower global economic growth and incentivizing refiners to trim crude oil procurement.· Crude oil prices mostly maintain activity in $75-85/bl range since early December.· Price signals that suggest slowing growth add to incentive for lubricant blenders to maintain lower inventories and to procure smaller volumes more frequently.· Strategy would limit exposure to slowdown in demand, free up more cash, limit borrowing requirements..Asia base oils - week of Apr 17: Demand outlook
· Crude oil prices fall sharply over past week to lowest this month.· Price-drop reverses almost all the price-surge in early April following OPEC+ announcement to cut crude production from May.· Prices fall as concern about slowing global economic growth outweighs prospect of tighter supply.· Diesel prices fall more steeply than crude – adding to signs of slower global economic growth and incentivizing refiners to trim crude oil procurement.· Crude oil prices mostly maintain activity in $75-85/bl range since early December.· Price signals that suggest slowing growth add to incentive for lubricant blenders to maintain lower inventories and to procure smaller volumes more frequently.· Strategy would limit exposure to slowdown in demand, free up more cash, limit borrowing requirements..Asia base oils - week of Apr 17: Demand outlook
