EMEA Base Oil Price Report 15.12.20

EMEA Base Oil Price Report

The rollout of COVID-19 vaccines is raising hopes that the end of the pandemic may be in sight, but individuals in the base oil industry say it may take years to rebound from it, and some predict that full recovery may never happen.

Base oil prices are firmer across the board due to tight supply patterns and stronger numbers for crude and feedstocks. Demand is reviving in a number of European, Middle Eastern and African markets, with forecasts suggesting that the first few months of next year may see a period of catch-up as companies look to capitalize on stronger demand and a return to the “new normal.” read more