Supply and demand are usually king for Europe’s base oils market, says an article published in ICIS website.
Supply-demand balanceInternational 2020 regulations for shipping and European trade rules are big factors at play, which could insert themselves into the more typical push and pull of the supply-demand balance.
Players are steeling themselves for an uncertain year, be it the risk of rocky European economic performance or continued weak automotive demand, changes in refinery outputs or the...
http://mfame.guru/imo-2020-and-eu-tariffs-to-shake-europe-base-oils/