Brazil’s surplus of base oils supply over demand held close to a nine-month high in July as a sharp pick-up in imports contrasted with lower consumption.Total supply, or output and imports combined, came to close to 131,000mᶟ (116,000t) in July, versus more than 134,000mᶟ in June, government data showed.Supply stayed higher than usual in July amid a sustained surge in base oils imports to the highest since last October.Total demand, or consumption and exports combined, came to around 103,000mᶟ in July, down from close to 107,000mᶟ the previous month.With demand falling at the same pace as supply, Brazil’s supply surplus of 27,700mᶟ in July was almost the same as the previous month.The surge in surplus supplies in June and July rose from typical levels of less than 10,000 mᶟ/month during the first five months of the year..Brazil’s July lube demand rises
Brazil’s surplus of base oils supply over demand held close to a nine-month high in July as a sharp pick-up in imports contrasted with lower consumption.Total supply, or output and imports combined, came to close to 131,000mᶟ (116,000t) in July, versus more than 134,000mᶟ in June, government data showed.Supply stayed higher than usual in July amid a sustained surge in base oils imports to the highest since last October.Total demand, or consumption and exports combined, came to around 103,000mᶟ in July, down from close to 107,000mᶟ the previous month.With demand falling at the same pace as supply, Brazil’s supply surplus of 27,700mᶟ in July was almost the same as the previous month.The surge in surplus supplies in June and July rose from typical levels of less than 10,000 mᶟ/month during the first five months of the year..Brazil’s July lube demand rises
