US base oils imports extended their fall in August for a fourth month amid a dip in supplies from Asia-Pacific.Base oils imports of 969,500bl (136,500t) in August fell from 1.37mn bl the previous month and by 25pc from year-earlier levels, government data showed.The sustained fall in shipments cut total imports to 10.05mn bl in the first eight months of the year, down from 10.42mn bl during the same period last year.Imports exceeded year-earlier levels in the first four months of the year before slowing sharply.Shipments of 4.41mn bl in the four months to end-August were down 18pc from 5.41mn bl during the same period last year.Imports fell in August because of a slump in shipments of Group III supplies from Asia to less than 240,000bl.The volume fell from close to 540,000bl in July to the second-lowest level in almost three years.US imports of premium grades from the Mideast Gulf rose in August to a three-month high of more than 470,000bl.Imports got a boost from a rebound in shipments from the UAE to a four-month high..US’ August base oils exports fall
US base oils imports extended their fall in August for a fourth month amid a dip in supplies from Asia-Pacific.Base oils imports of 969,500bl (136,500t) in August fell from 1.37mn bl the previous month and by 25pc from year-earlier levels, government data showed.The sustained fall in shipments cut total imports to 10.05mn bl in the first eight months of the year, down from 10.42mn bl during the same period last year.Imports exceeded year-earlier levels in the first four months of the year before slowing sharply.Shipments of 4.41mn bl in the four months to end-August were down 18pc from 5.41mn bl during the same period last year.Imports fell in August because of a slump in shipments of Group III supplies from Asia to less than 240,000bl.The volume fell from close to 540,000bl in July to the second-lowest level in almost three years.US imports of premium grades from the Mideast Gulf rose in August to a three-month high of more than 470,000bl.Imports got a boost from a rebound in shipments from the UAE to a four-month high..US’ August base oils exports fall