Market insight: Middle East base oils outlook bearish on greater supply

The base oils market in UAE has remained firm since early this year, buoyed by tight supply fundamentals across Group I and Group II categories. However, the second half of the year is slated to see a reversal in this price trend, with prices expected to come under pressure from improved supply and other factors.

Read the latest insight from ICIS senior editor manager, Veena Pathare, who outlines the outlook for Middle Eastern base oils.

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