EMEA Base Oil Price Report – 20.04.21
A bizarre scene has settled over base oil markets where traders and other spot buyers are complaining that product from all base oil groups is simply unavailable.
That said, there have been a large number of vessel fixtures and an even larger number of shipping inquiries for the remaining days of April. Many of the cargo movements around and about Europe, the Middle Eastern and Africa have involved the major players either meeting contract arrangements or re-positioning inventories from one hub to another.