Base oils supply in the Americas rebounded to a one-year high in May amid a pick-up in output throughout the region.Base oils output of around 780,000t in May rose from less than 720,000t the previous month and from close to 600,000t in March, government data showed.The higher volume mostly reflected a rebound in US base oils output following the completion of plant maintenance work.Base oils supply of 3.49mn t in the first five months of the year remained 10pc down from 3.88mn t during the same period last year.Higher supply in May coincided with and helped to cover firmer regional demand from the previous month and from March.Even so, the size of the rise in supply in the US increased the importance of keeping open the arbitrage to Latin America especially..US’ May base oils output rises
Base oils supply in the Americas rebounded to a one-year high in May amid a pick-up in output throughout the region.Base oils output of around 780,000t in May rose from less than 720,000t the previous month and from close to 600,000t in March, government data showed.The higher volume mostly reflected a rebound in US base oils output following the completion of plant maintenance work.Base oils supply of 3.49mn t in the first five months of the year remained 10pc down from 3.88mn t during the same period last year.Higher supply in May coincided with and helped to cover firmer regional demand from the previous month and from March.Even so, the size of the rise in supply in the US increased the importance of keeping open the arbitrage to Latin America especially..US’ May base oils output rises
