VIDEO: Mideast Group I base oils rebounds on short supply
Izham Ahmad
08-Oct-2020
SINGAPORE (ICIS)–Izham Ahmad, senior editor at ICIS, talks about the Middle East Group I base oil market, which has witnessed a volatile year, with prices posting sharp recoveries over the last two months from pandemic-driven lows.
- Some grades exceed pre-pandemic price levels
- Tight supply may persist
- Asian buyers compete for Mideast supply
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