Brazil’s base oils supply lagged demand in March for the first time in fifteen months as a slump in domestic production coincided with a seasonal rise in lube consumption.The country’s supply lagged demand by more than 20,000mᶟ (19,560t) in March, flipping from a typical surplus of more than 23,000 mᶟ/month over the past year.The shortfall reflected a fall in Brazil’s base oils output to a nine-month low in March.Lower output coincided with a rise in the country’s lube demand to a one-year high.The disconnect raised the prospect of boosting demand for overseas supplies..Brazil’s March base oils output falls.Base Oil News stories and analysis also available on ICIS platform
