India’s imports of light-grade N70 base oils rebounded in October from a more-than-two-year low the previous month.Imports of more than 70,000t in October rose from less than 35,000t in September, provisional customs data showed.The volume exceeded average levels of around 63,000 t/month over the past year.Imports rose even as supplies from Asia stayed unusually low for a second month.Imports instead got a boost from a surge in shipments from the Mideast Gulf.Supplies of more than 45,000t from that region more than doubled from September to a twenty-two-month high.India’s imports of 2cst base oils fell to less than 30,000t in October, from close to 50,000t the previous month.Imports of the very-light-grade product fell to less than 370,000t in the first ten months of the year. The volume was down more than 30pc from more than 540,000t during the same period last year..India’s Oct base oils imports steady
