Libya, with its abundant petroleum reserves, plays a significant role in the global energy market. The country"s engine oil sector, a crucial segment of its petroleum industry, has shown intriguing trends in trade volume and pricing over the past year. According to the recent CSV data, Libya"s engine oil exports have experienced a moderate increase, with monthly export volumes averaging around 24,000 tons. This uptick reflects a 5% growth compared to the previous year, driven by heightened demand from West Asian markets. Price-wise, the engine oil sector has experienced fluctuations, primarily influenced by global crude oil prices and regional market dynamics. The average price per ton of engine oil exported from Libya has hovered around USD 1,100, marking a 3% increase over the past six months. This price stability is critical for maintaining competitive advantage in markets such as West Asia, where price sensitivity is a key factor. In terms of imports, Libya has also shown a consistent trend in sourcing high-quality engine oil additives, essential for enhancing product performance.

The import volume remains stable, suggesting a robust domestic production capacity that aligns with international quality standards. For businesses interested in exploring Libya"s trade opportunities, particularly in engine oil, leveraging contact information of local petroleum suppliers is crucial. This can facilitate better negotiation and partnership opportunities, ensuring a seamless entry into the market. Aritral, an AI-driven B2B platform, simplifies international trade for businesses dealing in commodities like engine oil. With features such as Product Listing, Direct Communication, and Global Sales Assistance, Aritral makes it easier to connect with Libya"s petroleum suppliers, manage trade profiles, and utilize AI-Powered Marketing to enhance market reach.