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 Articles
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- Indian State Oil PSU's IOC/HPCL/BPCL slashes prices of it's Base oil by Rs 4.75/4.50/7.45/3.75 per liter for SN -70/N-65-70/H-70, SN-150/N-150/H-150, SN-500/N-500/H-500/Bright Stock respectively.
- Indian State Oil PSU's IOC/HPCL/BPCL slashes prices of it's Base oil by Rs 4.75/4.50/7.45/3.75 per liter for SN -70/N-65-70/H-70, SN-150/N-150/H-150, SN-500/N-500/H-500 respectively.
- India's largest Base Oil importers were Savita Oil, Raj Petro, Bhuvi Petroleum, Apar, Gandhar, Shell India, Castrol, Panama, GP Petroleums & Exxonmobil in July.
- South Korea's Base Oil export fall down by 10% as large cargoes were shipped to India, China, USA, Japan, Thailand, Singapore, Vietnam so far this year.
- Europe Bright Stock prices fall down by 5% in August.
- Global Base Oil Market is expected to grow at a CAGR of 1.78% during period 2022 - 30 valued over US$ 34.2 Bn in 2019 and is expected to exceed US$ 41.5 Bn by 2030.
- Vietnam's Base Oil import from Singapore jumped by 65% year on year in June.
- India imported 65% of Base Oil N-60/70/TOBS/SN-70/SN-90/HVI grade of its total import during Jan to May.
- US base Oil export hike up by 5% as large cargoes were shipped to Mexico, Belgium, Canada, Brazil, India, Colombia & Nigeria this year.
- India's July Base Oil import firms up by 5% as large cargoes arrive from South Korea, Singapore, USA, UAE, Spain, Qatar & Iraq.
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