US base oils and lubricants demand exceeded supply in July for the sixth time in seven months, triggering a fall in stocks to the lowest in almost a year.Demand, or domestic base oils and lube demand and exports combined, rose to 6.53mn bl (920,000t) in July, up from 6.11mn bl the previous month.Demand rose on the back of higher domestic consumption and exports.US supply, or domestic base oils output and imports combined, rose to 6.13mn bl in July, up from 5.54mn bl the previous month.Supply rose mostly because of a recovery in domestic base oils output, while imports stayed lower than usual.The shortfall of more than 400,000bl versus demand triggered a fall in US base oils and lube stocks to 11.52mn bl in July.The volume fell from more than 13mn bl at the start of the year to the lowest since August 2022..US’ July base oils output rises.US’ July base oils/lube demand rises
US base oils and lubricants demand exceeded supply in July for the sixth time in seven months, triggering a fall in stocks to the lowest in almost a year.Demand, or domestic base oils and lube demand and exports combined, rose to 6.53mn bl (920,000t) in July, up from 6.11mn bl the previous month.Demand rose on the back of higher domestic consumption and exports.US supply, or domestic base oils output and imports combined, rose to 6.13mn bl in July, up from 5.54mn bl the previous month.Supply rose mostly because of a recovery in domestic base oils output, while imports stayed lower than usual.The shortfall of more than 400,000bl versus demand triggered a fall in US base oils and lube stocks to 11.52mn bl in July.The volume fell from more than 13mn bl at the start of the year to the lowest since August 2022..US’ July base oils output rises.US’ July base oils/lube demand rises
