US base oils and lube supplies fell in March to their lowest in more than two years as a slump in output coincided with lower imports.Total supply, or output and imports combined, came to 5.29mn bl (744,500t) in March, according to the EIA.Supply fell from 5.43mn bl in February and by 20pc from year-earlier levels.Total supply of 16.82mn bl in the first quarter of the year was the lowest since the first quarter of 2021, when supply fell to 16.81mn bl.Supply fell at that time as refiners shut down plants to repair damage caused by an artic storm.Supply fell this time mostly because of plant maintenance work.Base oils imports also showed signs of slowing.Imports of 4.01mn bl in the first three months of the year rose from 3.89mn bl during the same period last year.Except for that period, imports in the first quarter were the lowest since early 2021..US March paraffinic base oil output falls.Contact us for more information about the data for these stories
US base oils and lube supplies fell in March to their lowest in more than two years as a slump in output coincided with lower imports.Total supply, or output and imports combined, came to 5.29mn bl (744,500t) in March, according to the EIA.Supply fell from 5.43mn bl in February and by 20pc from year-earlier levels.Total supply of 16.82mn bl in the first quarter of the year was the lowest since the first quarter of 2021, when supply fell to 16.81mn bl.Supply fell at that time as refiners shut down plants to repair damage caused by an artic storm.Supply fell this time mostly because of plant maintenance work.Base oils imports also showed signs of slowing.Imports of 4.01mn bl in the first three months of the year rose from 3.89mn bl during the same period last year.Except for that period, imports in the first quarter were the lowest since early 2021..US March paraffinic base oil output falls.Contact us for more information about the data for these stories