US base oils supply exceeded demand in August for the first time in four months amid a typical seasonal dip in consumption.Base oils and lube supply of 5.96mn bl (840,000t) in August fell from more than 6.10mn bl the previous month, according to the EIA.Supply fell because of a drop in naphthenics base oils output and lower imports.Base oils and lube demand fell even more steeply to 5.62mn bl in August, from more than 6.50mn bl the previous month.Demand fell amid a slump in domestic consumption and a drop in exports.Supply flipped to a 340,000bl surplus over demand in response.US base oils and lube supply typically exceeds demand in the month of August because of the seasonal drop in consumption. .US’ Aug base oils/lube demand falls.US’ August base oils supply falls
US base oils supply exceeded demand in August for the first time in four months amid a typical seasonal dip in consumption.Base oils and lube supply of 5.96mn bl (840,000t) in August fell from more than 6.10mn bl the previous month, according to the EIA.Supply fell because of a drop in naphthenics base oils output and lower imports.Base oils and lube demand fell even more steeply to 5.62mn bl in August, from more than 6.50mn bl the previous month.Demand fell amid a slump in domestic consumption and a drop in exports.Supply flipped to a 340,000bl surplus over demand in response.US base oils and lube supply typically exceeds demand in the month of August because of the seasonal drop in consumption. .US’ Aug base oils/lube demand falls.US’ August base oils supply falls
