US base oils exports to Argentina stayed unusually high in June for the fourth time in five months amid signs of a structural change in trade flows.Exports of 56,440bl (7,950t) to Argentina in June fell from an eight-month high of 69,390bl in May, government data showed.The firm volumes boosted total exports to the Latin American country to 257,300bl in first-half 2023.The volume was up from 43,650bl during the same period last year and from less than 80,000bl during the same period in 2021.Exports surged amid a sustained rise in supplies from the district of Houston-Galveston since February.A pick-up in shipments from the district of Port Arthur supplemented those volumes.The June volumes from Port Arthur to Argentina were the third such monthly shipments this year.There had previously been monthly supplies two times from Port Arthur to Argentina in the three years to end-2022..US’ June base oils exports fall
US base oils exports to Argentina stayed unusually high in June for the fourth time in five months amid signs of a structural change in trade flows.Exports of 56,440bl (7,950t) to Argentina in June fell from an eight-month high of 69,390bl in May, government data showed.The firm volumes boosted total exports to the Latin American country to 257,300bl in first-half 2023.The volume was up from 43,650bl during the same period last year and from less than 80,000bl during the same period in 2021.Exports surged amid a sustained rise in supplies from the district of Houston-Galveston since February.A pick-up in shipments from the district of Port Arthur supplemented those volumes.The June volumes from Port Arthur to Argentina were the third such monthly shipments this year.There had previously been monthly supplies two times from Port Arthur to Argentina in the three years to end-2022..US’ June base oils exports fall
