Thai IRPC’s March base oils output rises

Thai refiner IRPC’s base oils output rose in March amid strong domestic demand and firm base oils margins.

Output of 31,400 kilolitres (27,810t) in March rose from a three-month low of 25,420kl in February, government data showed.

The volume was up from more typical levels of closer to 25,500 kl/month over the past year.

The pick-up in base oils output helped to meet a seasonal rise in domestic demand in March as lube blenders boosted output ahead of the Songkran water festival in April.