Thailand’s base oils output held in a narrow range in July even as it edged down to a five-month low.The slowdown was smaller than the drop in domestic base oils demand.Group I base oils output of 54,940 kilolitres (48,700t) in July fell from 57,800kl the previous month, government data showed.Output was similar to levels in April and May.Steady output contrasted with sliding domestic base oils consumption.Demand of less than 3,500kl in July fell from more than 9,100kl the previous month and from typical levels of more than 11,000 kl/month over the past year.The July volume was the lowest in more than a decade.The disconnect between supply and demand raised the prospect of additional exports to clear the surplus..Thailand July base oil exports hold firm
