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Home Resources Global base oils supply and demand overview
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Global base oils supply and demand overview

In the first half of 2024, the global base oils market experienced varied supply and demand challenges across different oil groups. China’s overcapacity and slow economic recovery further influenced production and trade dynamics, while new capacities in India and shifting export strategies in Asia highlighted ongoing market adjustments.

Learn more about:

  • H1 2024 market overview
  • Key factors driving markets
  • The outlook for H2 2024

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