US base oils exports stayed lower in October for a third month as shipments to Mexico dipped to a ten-month low.Base oils exports of 1.66mn bl (234,000t) in October fell from 1.83mn bl the previous month, government data showed.The slowdown cut average exports to around 1.71mn bl/month in the three months to October. The volume was down from 2.10mn bl/month in the first seven months of the year.Exports fell in October because of still-low shipments from the district of San Francisco as well as a dip in flows from the district of Laredo.All the shipments from Laredo usually move to Mexico.Exports of 474,330bl to the Latin American country in October fell from almost 645,000bl the previous month to the lowest since December 2022.The slowdown in shipments coincided with Mexico’s implementation of tighter restrictions on oil product and petrochemical imports, including base oils, from late October 2023..US’ Sept base oils exports rise
