US base oils imports fell to a four-month low in March amid a dip in supplies of Group III base oils.Total imports of 1.29mn bl (182,300t) in March fell from 1.47mn bl the previous month, government data showed.Imports still rose by 31pc from year-earlier levels. The year-on-year increase was the third in four months.The firm shipments boosted total imports to 4.11mn bl in the first quarter of the year.The volume was up from 3.96mn bl in the fourth quarter of last year and a record high for the first three months of the year.The ongoing rise in imports coincided with a seasonal slowdown in domestic demand and complicated US refiners’ moves to clear surplus volumes from their market..Feb premium-grade base oils imports from Mideast Gulf fall.Contact us for more information about the data for these stories
US base oils imports fell to a four-month low in March amid a dip in supplies of Group III base oils.Total imports of 1.29mn bl (182,300t) in March fell from 1.47mn bl the previous month, government data showed.Imports still rose by 31pc from year-earlier levels. The year-on-year increase was the third in four months.The firm shipments boosted total imports to 4.11mn bl in the first quarter of the year.The volume was up from 3.96mn bl in the fourth quarter of last year and a record high for the first three months of the year.The ongoing rise in imports coincided with a seasonal slowdown in domestic demand and complicated US refiners’ moves to clear surplus volumes from their market..Feb premium-grade base oils imports from Mideast Gulf fall.Contact us for more information about the data for these stories