US base oils exports to Mexico rose to the second-highest level on record in May as refiners focused on clearing an overhang of surplus supplies.Base oils exports of 1.00mn bl (141,000t) to Mexico in May compared with 744,560bl the previous month and 1.15mn bl in March, government data showed.The March volume was the highest on record. The April volume was the third highest.Base oils exports to Mexico had averaged around 435,000 bl/month in 2022.Mexico’s lube consumption is typically around 380,000-400,000 bl/month.Most of the shipments from US to Mexico originated from the district of Laredo in Texas.Exports got a further boost in May from the shipment of a record-high volume of supplies from the district of Houston-Galveston..US’ May base oils exports rise
US base oils exports to Mexico rose to the second-highest level on record in May as refiners focused on clearing an overhang of surplus supplies.Base oils exports of 1.00mn bl (141,000t) to Mexico in May compared with 744,560bl the previous month and 1.15mn bl in March, government data showed.The March volume was the highest on record. The April volume was the third highest.Base oils exports to Mexico had averaged around 435,000 bl/month in 2022.Mexico’s lube consumption is typically around 380,000-400,000 bl/month.Most of the shipments from US to Mexico originated from the district of Laredo in Texas.Exports got a further boost in May from the shipment of a record-high volume of supplies from the district of Houston-Galveston..US’ May base oils exports rise