Volume 6 Issue 27
U.S. base oil production decreased 5% in April, compared to the same month last year, according to U.S. Energy Information Administration data. Output was 4.6 million barrels in April, compared to 4.9 million barrels 12 months earlier. The April figure was the highest monthly total since 4.9 million barrels in January.
The average of light vehicles in the United States rose to 12.5 years at the start of this year, a 3% increase from the average in 2022, and the third consecutive year of 12 years or higher average age, according to data in the latest report jointly published by the Auto Care Association and MEMA Aftermarket Suppliers association.
Brazil’s base oil production rose 7%, while its base oil import volume fell 24% and its base oil exports plummeted 38% in May, according to data released June 30 by a Brazil government agency. The country is the biggest base oil producer in South America and gets most of its imports from the United States.