US base oils supply edged down in August amid lower imports and a slump in naphthenic base oils production.A rise in paraffinic base oils output cushioned the fall.Total base oils output of 4.78mn bl (673,000t) in August was almost the same as the previous month, according to the EIA.Output held steady even as naphthenic base oils production slid to 611,000bl in August. The volume fell from more than 760,000bl in July to a six-month low.Output fell because of plant maintenance work.Paraffinic base oils output rose to 4.17mn bl in August. The volume was the second highest this year.Output of 1.76mn bl in the Louisiana Gulf coast region in August was the highest in thirteen months.Output had slumped in the first half of the year because of plant maintenance work in the region. Base oils imports of 1.18mn bl in August fell by 31pc and for a fifth month in six from year-earlier levels.Total supply, or base oils output and imports combined, fell to 5.96mn bl in August, down from 6.13mn bl the previous month.The volume was similar to average monthly levels over the past year..S Korea’s Sept exports to Americas steady
US base oils supply edged down in August amid lower imports and a slump in naphthenic base oils production.A rise in paraffinic base oils output cushioned the fall.Total base oils output of 4.78mn bl (673,000t) in August was almost the same as the previous month, according to the EIA.Output held steady even as naphthenic base oils production slid to 611,000bl in August. The volume fell from more than 760,000bl in July to a six-month low.Output fell because of plant maintenance work.Paraffinic base oils output rose to 4.17mn bl in August. The volume was the second highest this year.Output of 1.76mn bl in the Louisiana Gulf coast region in August was the highest in thirteen months.Output had slumped in the first half of the year because of plant maintenance work in the region. Base oils imports of 1.18mn bl in August fell by 31pc and for a fifth month in six from year-earlier levels.Total supply, or base oils output and imports combined, fell to 5.96mn bl in August, down from 6.13mn bl the previous month.The volume was similar to average monthly levels over the past year..S Korea’s Sept exports to Americas steady
