UAE port congestion easing, lending support to base oils discussions

摘要

SINGAPORE (ICIS)--Recent congestion at ports in the United Arab Emirates (UAE) appear to be easing, and are lending some support to Middle East base oils discussions with talks now for cargoes shipping in July. A recent shipment of base oils from Asia managed to discharge its cargo just a few days after its arrival, which was a significant improvement from a few weeks ago when the average waiting time was about two weeks, according to market sources.