The EMEA base oil market shows two faces this week: one tells of limited new business, but the other hints at demand for export cargoes and revived arbitrage deals.
API Group I prices within Europe remain static. However, current levels may push export cargoes to the Middle East, west coast of India, and even Far East-routes which had been disregarded due to indigenous and alternative sources offering lower prices.
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Base Oil Pricing Report Base Stocks Market Topics Other