bearish
Global base oils margins outlook: Week of 10 March
6 Views10 Mar 2025 13:45
SUMMARY
- Base oils prices extend rise vs feedstock/competing fuel prices in Asia and Europe, pointing to tighter supply-demand fundamentals.
- US base oils premium to VGO/heating oil stays in narrower range, lagging rise in Asia and Europe.
- Dynamic points to diverging fundamentals between US and other regions.
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