US base oils exports to Latin America rose to a six-month high in March amid a surge in shipments to markets like Chile and Peru.The pick-up in shipments coincided with a surge in US exports to Mexico as producers moved to clear lingering surplus supplies.Total exports to Latin America, excluding Mexico, came to 581,210bl (81,860t) in March, government data showed.The volume rose from 408,170bl the previous month to the highest since last September.Shipments of 98,900bl to Chile in March and 66,870bl to Peru were the highest in a year.Both countries had attracted large volumes of arbitrage shipments from Asia-Pacific since second-half 2022. .US’ March base oils exports rise.Contact us for more information about the data for these stories
