Brazil’s base oils supply fell to a three-year low in September amid a simultaneous drop in imports and domestic base oils output.Total base oils output of 25,400mᶟ (22,500t) in September fell from close to 42,000mᶟ the previous month, government data showed.The volume fell from typical levels of around 50,000 mᶟ/month over the past year to the lowest since mid-2020.Output fell in September because of a slump in production at Petrobras’ Group I unit at its Reduc refinery to less than 20,000mᶟ.Maintenance work on the unit had been scheduled to take place during the fourth quarter of the year.Base oils output at the Mataripe refinery also stayed lower than usual.Brazil’s base oils imports fell in September, compounding the drop in supply.Imports of 55,000mᶟ fell from close to 100,000mᶟ in August to the lowest since early 2022.The volume fell from unusually high levels of 87,000 mᶟ/month in the three months to end-August.It was also lower than more typical levels of around 70,000 mᶟ/month in the year to May 2023.The drop in imports and domestic production cut Brazil’s total supply to 80,400mᶟ in September.The volume fell from more than 140,000mᶟ in August to the lowest since July 2020. .Brazil’s September lube demand rises.US’ Aug base oil exports to Brazil fall
Brazil’s base oils supply fell to a three-year low in September amid a simultaneous drop in imports and domestic base oils output.Total base oils output of 25,400mᶟ (22,500t) in September fell from close to 42,000mᶟ the previous month, government data showed.The volume fell from typical levels of around 50,000 mᶟ/month over the past year to the lowest since mid-2020.Output fell in September because of a slump in production at Petrobras’ Group I unit at its Reduc refinery to less than 20,000mᶟ.Maintenance work on the unit had been scheduled to take place during the fourth quarter of the year.Base oils output at the Mataripe refinery also stayed lower than usual.Brazil’s base oils imports fell in September, compounding the drop in supply.Imports of 55,000mᶟ fell from close to 100,000mᶟ in August to the lowest since early 2022.The volume fell from unusually high levels of 87,000 mᶟ/month in the three months to end-August.It was also lower than more typical levels of around 70,000 mᶟ/month in the year to May 2023.The drop in imports and domestic production cut Brazil’s total supply to 80,400mᶟ in September.The volume fell from more than 140,000mᶟ in August to the lowest since July 2020. .Brazil’s September lube demand rises.US’ Aug base oil exports to Brazil fall
