US base oils demand stayed lower than usual in March as unusually weak domestic consumption curbed the impact of a surge in exports.Domestic consumption of 1.77mn bl (249,150t) in March fell from 3.15mn bl the previous month to a record-low, according to the EIA.Demand typically rises in the month of March as blenders replenish stocks ahead of the spring oil-change season.Base oils and lube exports by contrast rose in March to a record-high of 4.10mn bl amid a wave of shipments to Mexico.Total demand, or domestic consumption plus exports, rose to 5.86mn bl in March, from 5.44mn bl the previous month.The volume remained below typical levels of more than 6.20mn bl/month in 2022..US’ March base oils supply falls.Contact us for more information about the data for these stories
