South Korea’s base oils output held steady in September after rebounding in each of the previous two months.Total output of 2.67mn bl (376,000t) in September edged down from 2.71mn bl the previous month, Korea Petroleum Association data showed.The country’s base oils output recovered throughout the third quarter after bottoming out at a two-year low of less than 1.90mn bl in June.Output was lower than usual in June and July because of plant maintenance-work on a key Group III base oils plant in the country.Excluding June and July, September’s base oils output was close to typical monthly levels since mid-2022.Base oils accounted for 2.60pc of South Korean refiners’ total oil products output in September. The share was down from 2.74pc the previous month.Base oils’ share of total output stayed relatively low even as Asia Group II base oils prices moved back to a premium to regional diesel prices in September, ICIS data showed.Base oils prices were at a discount to diesel in August. .S Korea’s Sept base oils exports rise
South Korea’s base oils output held steady in September after rebounding in each of the previous two months.Total output of 2.67mn bl (376,000t) in September edged down from 2.71mn bl the previous month, Korea Petroleum Association data showed.The country’s base oils output recovered throughout the third quarter after bottoming out at a two-year low of less than 1.90mn bl in June.Output was lower than usual in June and July because of plant maintenance-work on a key Group III base oils plant in the country.Excluding June and July, September’s base oils output was close to typical monthly levels since mid-2022.Base oils accounted for 2.60pc of South Korean refiners’ total oil products output in September. The share was down from 2.74pc the previous month.Base oils’ share of total output stayed relatively low even as Asia Group II base oils prices moved back to a premium to regional diesel prices in September, ICIS data showed.Base oils prices were at a discount to diesel in August. .S Korea’s Sept base oils exports rise