The price of base oil has increased ....
The price of base oil has increased as many of its buyers compete to buy oil outside the region. Despite the high price of oil in this region (Middle East), Iranian sellers offer their products at a discount. The supply of oil from Iran is still there despite the small supply from other Asians and the Middle East, and for this reason, it is supplied at reasonable prices. on the other hand Impulse buyers in Europe are also very limited.
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