US base oils and lubricants supply lagged demand in September for the fourth time in five months, curbing a build-up of surplus supplies during the summer.Total supply, or base oils output and imports combined, fell to 5.64mn bl (794,000t) in September, EIA data showed. The volume fell from 5.96mn bl in August to a three-month low.Supply fell mostly because of a sharp dip in paraffinic base oils output.Total demand, or domestic consumption and exports combined, rose to 5.87mn bl in September, up from 5.62mn bl the previous month.Demand rose as a sustained rise in exports countered weak domestic consumption.The supply shortfall triggered a fall in US base oils and lube stocks to 11.62mn bl in September.The volume lagged year-earlier levels for the first time in ten months..US’ Sept base oils demand rises
US base oils and lubricants supply lagged demand in September for the fourth time in five months, curbing a build-up of surplus supplies during the summer.Total supply, or base oils output and imports combined, fell to 5.64mn bl (794,000t) in September, EIA data showed. The volume fell from 5.96mn bl in August to a three-month low.Supply fell mostly because of a sharp dip in paraffinic base oils output.Total demand, or domestic consumption and exports combined, rose to 5.87mn bl in September, up from 5.62mn bl the previous month.Demand rose as a sustained rise in exports countered weak domestic consumption.The supply shortfall triggered a fall in US base oils and lube stocks to 11.62mn bl in September.The volume lagged year-earlier levels for the first time in ten months..US’ Sept base oils demand rises
