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Base oil prices surge as supply takes a dive

In recent years, a growing oversupply has allowed companies to secure competitive base oil prices and encouraged many countries to increase their reliance on base oil imports. A substantial oversupply in 2019 emphasised the benefits of a widening adoption of imports. However, dependence on base oil imports is not without risk. The propagation of Covid-19 […]

The post Base oil prices surge as supply takes a dive appeared first on F&L Asia.

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