PODCAST: UAE base oils may see higher Q4 imports; US Group II offers keenly awaited
Damini Dabholkar
07-Oct-2024
SINGAPORE (ICIS)–The base oils market in UAE is likely to see an uptick in demand in the fourth quarter, with the impact of escalating tensions in the region on crude prices and Group I supply from Iran closely monitored in the weeks ahead.
- Impact of regional conflict on spot Group I supply from Iran to emerge
- Group II export offers from the US awaited to offer clearer near-term market direction
- Persistent crude volatility may temper base oils uptake
- Currency woes in Africa may undermine finished lube exports
In this podcast, ICIS editor Damini Dabholkar and senior editor Veena Pathare discuss recent market conditions and the outlook for the UAE.
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