US base oils exports to Europe extended their fall in September, curbing the size of any pick-up in premium-grade supplies in the region.Base oils exports of 343,400bl (48,400t) to Europe in September fell from 385,300bl the previous month, government data showed.The volume was down from typical levels of around 386,000 bl/month over the past year.Export volumes over the past year were themselves down from average levels of close to 430,000 bl/month in 2022 and close to 460,000 bl/month in 2021.The sustained slowdown in shipments to Europe contrasted with a strong rise in the US’ total base oils exports so far this year.The slowdown in shipments increased European blenders’ reliance on supplies of premium-grade base oils from within the region.The slowdown in US exports to Europe in September partly reflected a pause in shipments from the district of San Francisco to the region for the first time in three months..US’ Sept base oils exports rise
US base oils exports to Europe extended their fall in September, curbing the size of any pick-up in premium-grade supplies in the region.Base oils exports of 343,400bl (48,400t) to Europe in September fell from 385,300bl the previous month, government data showed.The volume was down from typical levels of around 386,000 bl/month over the past year.Export volumes over the past year were themselves down from average levels of close to 430,000 bl/month in 2022 and close to 460,000 bl/month in 2021.The sustained slowdown in shipments to Europe contrasted with a strong rise in the US’ total base oils exports so far this year.The slowdown in shipments increased European blenders’ reliance on supplies of premium-grade base oils from within the region.The slowdown in US exports to Europe in September partly reflected a pause in shipments from the district of San Francisco to the region for the first time in three months..US’ Sept base oils exports rise
