US imports of base oils from markets that produce Group I and Group II base oils rose in May even as the country’s total imports fell.The contrast reflected the slump in shipments of Group III base oils to the country, while other grades held steadier.Imports of Group I and Group II base oils recovered to 186,000bl (26,200t) in May, up from less than 93,000bl the previous month, government data showed.The volume was similar to typical levels of close to 190,000 bl/month over the past year.Imports got a boost from a rebound in shipments from the Netherlands to a six-month high of more than 91,000bl.The US also continued to take delivery of a steady flow of shipments from Saudi Arabia.Imports from the Mideast Gulf country rose to a three-month high of 48,300bl. Bright stock likely accounted for a large share of the volume..US’ May base oils imports fall
US imports of base oils from markets that produce Group I and Group II base oils rose in May even as the country’s total imports fell.The contrast reflected the slump in shipments of Group III base oils to the country, while other grades held steadier.Imports of Group I and Group II base oils recovered to 186,000bl (26,200t) in May, up from less than 93,000bl the previous month, government data showed.The volume was similar to typical levels of close to 190,000 bl/month over the past year.Imports got a boost from a rebound in shipments from the Netherlands to a six-month high of more than 91,000bl.The US also continued to take delivery of a steady flow of shipments from Saudi Arabia.Imports from the Mideast Gulf country rose to a three-month high of 48,300bl. Bright stock likely accounted for a large share of the volume..US’ May base oils imports fall