Argentina’s base oils supply fell to a three-year low in October as a drop in imports coincided with a pause in domestic base oils production.Base oils supply, or domestic production and imports combined, fell to 7,600mᶟ (6,700t) in October, government data showed.The volume fell from more than 24,000mᶟ the previous month to the lowest since March 2020.Supply fell amid a pause in domestic base oils output for the first time in more than a year.The pause in output coincided with scheduled base oils plant maintenance work in Brazil in October.Argentina’s base oils imports also fell, compounding the drop in supply.Imports of 7,600mᶟ in October fell from 22,300mᶟ the previous month amid a sharp slowdown in shipments from the US.Argentina’s lower base oils supply contrasted with steady lube consumption of more than 20,000mᶟ in October..Argentina’s Oct lube demand rises
Argentina’s base oils supply fell to a three-year low in October as a drop in imports coincided with a pause in domestic base oils production.Base oils supply, or domestic production and imports combined, fell to 7,600mᶟ (6,700t) in October, government data showed.The volume fell from more than 24,000mᶟ the previous month to the lowest since March 2020.Supply fell amid a pause in domestic base oils output for the first time in more than a year.The pause in output coincided with scheduled base oils plant maintenance work in Brazil in October.Argentina’s base oils imports also fell, compounding the drop in supply.Imports of 7,600mᶟ in October fell from 22,300mᶟ the previous month amid a sharp slowdown in shipments from the US.Argentina’s lower base oils supply contrasted with steady lube consumption of more than 20,000mᶟ in October..Argentina’s Oct lube demand rises