US base oils exports to Europe fell in August from near-record-high levels the previous month, extending a period of volatile flows to the region.Total exports of 385,000bl (54,300t) to Europe in August fell from more than 700,000bl the previous month, government data showed.The fall in shipments extended a pattern of low then high export volumes every month since April.The trend showed signs of continuing in September, when several large cargoes were lined up to move from US to Europe.The drop in flows in August cut total US base oils exports to Europe to 3.60mn bl in the first eight months of the year.The volume was down 9pc from 3.94mn bl during the same period last year.The fall in US exports to Europe contrasted with a surge in total US base oils exports this year.The August exports included an unusually large shipment to Spain.Exports of 87,000bl to the Mediterranean country in August rose from typical levels of less than 500 bl/month to the highest in more than eight years..US’ August base oils exports fall
US base oils exports to Europe fell in August from near-record-high levels the previous month, extending a period of volatile flows to the region.Total exports of 385,000bl (54,300t) to Europe in August fell from more than 700,000bl the previous month, government data showed.The fall in shipments extended a pattern of low then high export volumes every month since April.The trend showed signs of continuing in September, when several large cargoes were lined up to move from US to Europe.The drop in flows in August cut total US base oils exports to Europe to 3.60mn bl in the first eight months of the year.The volume was down 9pc from 3.94mn bl during the same period last year.The fall in US exports to Europe contrasted with a surge in total US base oils exports this year.The August exports included an unusually large shipment to Spain.Exports of 87,000bl to the Mediterranean country in August rose from typical levels of less than 500 bl/month to the highest in more than eight years..US’ August base oils exports fall