Jordan"s petroleum market, particularly in base oil, is experiencing significant shifts in trade volume and pricing. As of the latest data, trade volumes have demonstrated moderate growth, reflecting a stabilizing import demand influenced by industrial and automotive sector needs. The price trends for base oil, however, have shown more dynamic movements. Over the past year, prices have fluctuated, with a noticeable peak during the mid-year period due to global supply chain disruptions and increased demand in regional markets. The early part of the year saw a gradual rise in base oil prices, driven by a shortage in global supply and increased transportation costs. This trend was further amplified by geopolitical tensions affecting major supply routes. By mid-year, prices spiked by approximately 15%, hitting their highest levels due to a combination of high demand and limited supply capacities. However, in the latter half of the year, prices began to stabilize as supply chains adjusted and alternative sources were tapped into, offering some relief to buyers in the market.

Jordan"s strategic position as a trade hub in the Middle East provides it with unique opportunities to enhance its base oil market. The government"s initiatives to improve infrastructure and streamline import processes are likely to attract more international suppliers, consequently impacting local price stability and trade volumes positively. For businesses looking to explore trade opportunities in Jordan"s petroleum sector, obtaining reliable contact information of petroleum suppliers is crucial. Aritral. com, an AI-driven B2B platform, can facilitate this by offering services such as Product Listing, Direct Communication with suppliers, Global Sales Assistance, and AI-Powered Marketing strategies. Through Aritral, businesses can efficiently manage their profiles and gain better insights into the global and regional market dynamics, thereby optimizing their trade strategies in Jordan"s evolving base oil landscape. "