Base oil markets throughout Europe, the Middle East and Africa are desperately quiet, with weak demand across the board. Until now, there have always been some positive areas, such as the Middle East Gulf or parts of the African continent, but even those locations are seeing less base oil procurement now.
There are a number of large cargoes fixed by majors that are constantly repositioning inventory and adjusting stock levels of various grades in their regional hubs around the world.
Free Lube Reports
Get alerts when new Sustainability Blog articles are available.