Argentina’s base oils supply rose to an eighteen-month high in July as a rebound in domestic output outweighed a drop in imports.Base oils supply, or domestic output and imports combined, rose to 27,800mᶟ (24,600t) in July, government data showed. The volume rose from 22,400mᶟ in May and for a second month from year-earlier levels.The higher volumes lifted total supply to 125,600mᶟ in the first seven months of the year, up 19pc from 105,400mᶟ during the same period last year.Supply lagged year-earlier levels in the first five months of the year, reflecting the surge in volumes in June and July.Supply rose even as Argentina’s lube demand fell in July for the fifth time in six months..Argentina’s July lube demand falls
Argentina’s base oils supply rose to an eighteen-month high in July as a rebound in domestic output outweighed a drop in imports.Base oils supply, or domestic output and imports combined, rose to 27,800mᶟ (24,600t) in July, government data showed. The volume rose from 22,400mᶟ in May and for a second month from year-earlier levels.The higher volumes lifted total supply to 125,600mᶟ in the first seven months of the year, up 19pc from 105,400mᶟ during the same period last year.Supply lagged year-earlier levels in the first five months of the year, reflecting the surge in volumes in June and July.Supply rose even as Argentina’s lube demand fell in July for the fifth time in six months..Argentina’s July lube demand falls
