Base oil output in the United States retreated in July, dipping slightly below the level produced in June and falling below amounts produced before the COVID-19 crisis after two consecutive months of running ahead.
The nation’s refiners produced 5.6 million barrels of mineral base oils in July, according to data published last week by the U.S. Energy Information Agency, after churning out 5.7 million barrels the previous month. The total was up 15% from 4.9 million barrels in July 2020. July’s total was 4% lower than the average for that month from 2015 to 2019 – the five years before the coronavirus pandemic.
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