PODCAST: Middle East base oils supply shortages persist as Ramadan begins
Jasmine Khoo
15-Apr-2021
SINGAPORE (ICIS)–In this episode of the ICIS Asia podcast, Senior Editor Izham Ahmad, editor in charge of the Middle East base oils market, speaks on recent developments.
Middle East base oils continue to face dire supply shortages with no clear end in sight.
- Middle East spot prices remain at record highs
- SN500 UAE prices have risen 34% since January 2021
- No sign of any improvement in supply in coming weeks
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