US base oils exports to Latin America fell in February even as demand in the region held relatively firm.Exports to Latin America, excluding Mexico, came to 408,170bl (57,490t) in February, government data showed.The volume fell from 490,940bl in January to levels that were similar to the fourth quarter of last year.The slowdown in shipments during the last few months of last year coincided with the arrival in the region of a large volume of arbitrage shipments from Asia-Pacific.Those arbitrage shipments slowed this year.The fall in exports from the US added to the drop in supplies..US’ Feb base oils exports to Brazil fall
US base oils exports to Latin America fell in February even as demand in the region held relatively firm.Exports to Latin America, excluding Mexico, came to 408,170bl (57,490t) in February, government data showed.The volume fell from 490,940bl in January to levels that were similar to the fourth quarter of last year.The slowdown in shipments during the last few months of last year coincided with the arrival in the region of a large volume of arbitrage shipments from Asia-Pacific.Those arbitrage shipments slowed this year.The fall in exports from the US added to the drop in supplies..US’ Feb base oils exports to Brazil fall