Argentina’s base oils supply fell to a seventeen-month low in August amid a simultaneous slump in domestic output and imports.Base oils output of 4,700mᶟ (4,200t) in August fell from close to 20,000mᶟ the previous month to the lowest since March, government data showed.A drop in base oils output over the past year often coincided with and balanced out a rise in the country’s base oils imports.That trend failed to repeat itself in August.Imports of 3,800mᶟ fell from more than 8,100mᶟ in July to the lowest in thirteen months.The simultaneous fall in domestic output and imports cut total supply to 8,500mᶟ in August.The slowdown followed a surge in supplies to more than 22,000 mᶟ/month in June and July.The rise in supplies during those months contrasted with a sustained slowdown in domestic lube demand..Argentina’s August lube demand falls
Argentina’s base oils supply fell to a seventeen-month low in August amid a simultaneous slump in domestic output and imports.Base oils output of 4,700mᶟ (4,200t) in August fell from close to 20,000mᶟ the previous month to the lowest since March, government data showed.A drop in base oils output over the past year often coincided with and balanced out a rise in the country’s base oils imports.That trend failed to repeat itself in August.Imports of 3,800mᶟ fell from more than 8,100mᶟ in July to the lowest in thirteen months.The simultaneous fall in domestic output and imports cut total supply to 8,500mᶟ in August.The slowdown followed a surge in supplies to more than 22,000 mᶟ/month in June and July.The rise in supplies during those months contrasted with a sustained slowdown in domestic lube demand..Argentina’s August lube demand falls
