US base oils imports fell to a two-year low in June amid a slump in shipments from the Mideast Gulf.Total imports of 942,960bl (133,000t) in June fell from 1.13mn bl the previous month, government data showed.The volume fell from typical levels of close to 1.40mn bl/month over the past year to the lowest since March 2021.More than 90pc of the shipments originated from markets that produce Group III base oils. The share is typically closer to 85pc.Imports of 261,710bl from Mideast Gulf countries like UAE and Qatar in June fell by more than half from May to a fifteen-month low.Imports from Asia-Pacific markets like South Korea by contrast rose to close to 400,000bl, from less than 235,000bl in May..US’ June base oils exports fall
US base oils imports fell to a two-year low in June amid a slump in shipments from the Mideast Gulf.Total imports of 942,960bl (133,000t) in June fell from 1.13mn bl the previous month, government data showed.The volume fell from typical levels of close to 1.40mn bl/month over the past year to the lowest since March 2021.More than 90pc of the shipments originated from markets that produce Group III base oils. The share is typically closer to 85pc.Imports of 261,710bl from Mideast Gulf countries like UAE and Qatar in June fell by more than half from May to a fifteen-month low.Imports from Asia-Pacific markets like South Korea by contrast rose to close to 400,000bl, from less than 235,000bl in May..US’ June base oils exports fall
