US base oils exports rebounded in July to the fourth-highest level in more than five years, curbing the prospect of a major supply-build during the third quarter of the year.Total base oils exports of 2.23mn bl (314,500t) in July rose from 1.70mn bl the previous month, government data showed.Before this year, exports had exceeded that level only once since 2018.Exports exceeded that level twice this year, reflecting the sustained surge in shipments since early 2023.The rebounding shipments lifted the US’ total base oils exports to 14.71mn bl in the first seven months of the year.The record-high volume rose by 10pc from 13.39mn bl during the same period last year.Exports got a boost in July from a recovery in shipments from the districts of Mobile and San Francisco combined to more than 680,000bl. The volume rose from little more than 200,000bl in June.Exports from the districts of Houston-Galveston and Port Arthur combined extended their rise to more than 850,000bl in July.The volume rose from an already-high 756,000bl the previous month and from typical levels of less than 510,000 bl/month in 2022..US’ June base oils output falls
US base oils exports rebounded in July to the fourth-highest level in more than five years, curbing the prospect of a major supply-build during the third quarter of the year.Total base oils exports of 2.23mn bl (314,500t) in July rose from 1.70mn bl the previous month, government data showed.Before this year, exports had exceeded that level only once since 2018.Exports exceeded that level twice this year, reflecting the sustained surge in shipments since early 2023.The rebounding shipments lifted the US’ total base oils exports to 14.71mn bl in the first seven months of the year.The record-high volume rose by 10pc from 13.39mn bl during the same period last year.Exports got a boost in July from a recovery in shipments from the districts of Mobile and San Francisco combined to more than 680,000bl. The volume rose from little more than 200,000bl in June.Exports from the districts of Houston-Galveston and Port Arthur combined extended their rise to more than 850,000bl in July.The volume rose from an already-high 756,000bl the previous month and from typical levels of less than 510,000 bl/month in 2022..US’ June base oils output falls