Explore how prices and trade flows are changing dramatically for base oils in 2023 with this white paper.
We examine how:
- Russian base oils exiting the European market on the outbreak of the Ukraine conflict meant supplies tightened in Europe and spot prices surged
- EU sanctions on Russian banking/payment and dropping demand weighed on Russian base oil prices
- Russian volumes sought other outlets and targeted typical European export hubs including Turkey, West Africa, and Latin America
- More competitive pricing and a lack of sanctions spurred these changes in trade flows
- Read our analysis in more detail with this new white paper from our global base oils team.
Download the white paper
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About Argus Media
As a leading authority on energy and commodity markets across the globe, Argus is uniquely positioned to provide in-depth analysis and expert thought leadership. Our white papers are carefully written by Argus specialists from across our company. Each white paper focuses on a topical theme, exploring areas such supply and demand dynamics, price trends, trading activity and changing regulations. We always aim to provide a balanced view, underpinned by data and insight gathered first hand from the market.