US base oils exports to Africa recovered in July amid a pick-up in flows to Nigeria and South Africa.Total exports of 172,000bl (24,200t) in July rose from less than 70,000bl the previous month, government data showed.The supplies included another arbitrage cargo to Nigeria and a sustained rise in shipments to South Africa.The shipments lifted total exports to Nigeria to 705,000bl in the first seven months of the year.The volume was almost the same as year-earlier levels, when buyers in West Africa turned to the US in response to tight supply in Europe.US exports of close to 406,000bl to South Africa in the first seven months of the year rose by 57pc from less than 259,000bl during the same period last year.The surge in shipments to South Africa followed the closure of the country's sole base oils plant last year..US’ July base oils exports rise
US base oils exports to Africa recovered in July amid a pick-up in flows to Nigeria and South Africa.Total exports of 172,000bl (24,200t) in July rose from less than 70,000bl the previous month, government data showed.The supplies included another arbitrage cargo to Nigeria and a sustained rise in shipments to South Africa.The shipments lifted total exports to Nigeria to 705,000bl in the first seven months of the year.The volume was almost the same as year-earlier levels, when buyers in West Africa turned to the US in response to tight supply in Europe.US exports of close to 406,000bl to South Africa in the first seven months of the year rose by 57pc from less than 259,000bl during the same period last year.The surge in shipments to South Africa followed the closure of the country's sole base oils plant last year..US’ July base oils exports rise