Canada’s base oils and lubes output fell in January amid an ongoing slowdown in the country's supply.But production levels have begun to stabilize in a narrower range.Base oils and lube output of 40,890m³ (36,220t) in January fell by 12pc from 46,560m³ the previous month, government data showed. Output also fell from year-earlier levels for a tenth month in eleven..Canada is a key producer of premium-grade base oils. Its lower output volumes from first-half 2021 coincided with a heavy round of Group III plant maintenance work in Europe and Asia-Pacific during that period.This year’s round of plant maintenance work is lighter than last year and concentrated on the Asia-Pacific region.Even so, supply from Canada has held at the lower levels that it slipped to from early last year.While output continued to fall from year-earlier levels, it has been steadier on a month-on-month basis. Production has held close to a 41,000-48,000 m³/month range in nine of the past 12 months to January.
Canada’s base oils and lubes output fell in January amid an ongoing slowdown in the country's supply.But production levels have begun to stabilize in a narrower range.Base oils and lube output of 40,890m³ (36,220t) in January fell by 12pc from 46,560m³ the previous month, government data showed. Output also fell from year-earlier levels for a tenth month in eleven..Canada is a key producer of premium-grade base oils. Its lower output volumes from first-half 2021 coincided with a heavy round of Group III plant maintenance work in Europe and Asia-Pacific during that period.This year’s round of plant maintenance work is lighter than last year and concentrated on the Asia-Pacific region.Even so, supply from Canada has held at the lower levels that it slipped to from early last year.While output continued to fall from year-earlier levels, it has been steadier on a month-on-month basis. Production has held close to a 41,000-48,000 m³/month range in nine of the past 12 months to January.
