South Korea’s base oils output rose to a four-month high in May even as scheduled plant maintenance work cut production.Base oils output of 2.74mn bl (385,920t) in May rose by 1pc from 2.71mn bl the previous month, according to Korea Petroleum Association.The rise in output lagged the 11pc increase in South Korea’s refinery production in May from the previous month.The trend cut base oils’ share of refined products output to less than 2.50pc of the total.The share was the lowest in two years, even as the premium of Group II base oils over diesel rose in May to an eighteen-month high.The lower base oils run-rates coincided with the start of scheduled maintenance work at a major Group III base oils plant in South Korea in May. .S Korea’s May base oils exports fall.Contact us for more information about the data for these stories
South Korea’s base oils output rose to a four-month high in May even as scheduled plant maintenance work cut production.Base oils output of 2.74mn bl (385,920t) in May rose by 1pc from 2.71mn bl the previous month, according to Korea Petroleum Association.The rise in output lagged the 11pc increase in South Korea’s refinery production in May from the previous month.The trend cut base oils’ share of refined products output to less than 2.50pc of the total.The share was the lowest in two years, even as the premium of Group II base oils over diesel rose in May to an eighteen-month high.The lower base oils run-rates coincided with the start of scheduled maintenance work at a major Group III base oils plant in South Korea in May. .S Korea’s May base oils exports fall.Contact us for more information about the data for these stories
