South Korea’s base oils output rose to a three-month high in April as firm base oils values incentivized refiners to boost run-rates.Base oils output of 2.71mn bl (381,830t) in April rose from 2.67mn bl the previous month, according to Korea Petroleum Association.Base oils output as a share of South Korea’s refined products output rose to 2.68pc of the total. The share rose from 2.55pc in March to a ten-month high.The higher share contrasted with diesel, whose share of refined products output fell to a one-year low of 28.05pc.The contrasting trends coincided with increasingly firm base oils values versus crude and diesel in March and April. The price strength contrasted with increasingly weak diesel values versus crude.The trend incentivized refiners to produce more base oils and less diesel..S Korea’s April base oils exports rise.Contact us for more information about the data for these stories
South Korea’s base oils output rose to a three-month high in April as firm base oils values incentivized refiners to boost run-rates.Base oils output of 2.71mn bl (381,830t) in April rose from 2.67mn bl the previous month, according to Korea Petroleum Association.Base oils output as a share of South Korea’s refined products output rose to 2.68pc of the total. The share rose from 2.55pc in March to a ten-month high.The higher share contrasted with diesel, whose share of refined products output fell to a one-year low of 28.05pc.The contrasting trends coincided with increasingly firm base oils values versus crude and diesel in March and April. The price strength contrasted with increasingly weak diesel values versus crude.The trend incentivized refiners to produce more base oils and less diesel..S Korea’s April base oils exports rise.Contact us for more information about the data for these stories
