The UK’s base oils supply edged down in August as drop in domestic output outweighed a rise in imports.Base oils output of 23,590t in August fell from more than 31,200t the previous month, government data showed.The volume was almost the same as average output levels of 23,600 t/month over the past year.Base oils imports of 33,200t in August rose from 28,200t the previous month amid a rebound in shipments from Belgium.Total supply, or base oils output and imports combined, fell to 56,820t in August, from 59,400t the previous month.Supply was similar to average levels in the first seven months of the year, even with a seasonal slowdown in demand during the third quarter of the year.Supply of 449,100t in the first eight months of the year was down 5pc from 470,700t during the same period last year.Domestic output accounted for little more than 40pc of the volume this and last year..Europe’s Aug base oils imports rise
