Brazil Base Oils Still Strong


Brazil Base Oils Still Strong

Brazil’s base oil production jumped 48% in August, compared to the same period last year, and was up by 18% from August 2019’s volume, suggesting production continues its rebound to around pre-pandemic levels.

The South American country’s base oil production – mainly API Group I – jumped 48% to 53,000 metric tons in August, up from 36,000 tons in the same month in 2020 and outpacing by 18% the 45,000 tons market set in August 2019, according to data released by the National Agency of Petroleum, Natural Gas and Biofuels.

Get alerts when new Sustainability Blog articles are available.


The August total was down 12% sequentially from 60,000 tons in July. The 53,000 tons was also the third highest for a month this year, behind July and May, when refiners churned out 58,000 tons of base oils.

Brazil imported 58,000 tons of base oil in August, up 16% from 50,000 tons in August last year and 9% higher than 53,000 tons in the same month in 2019. The August 2021 total was the second lowest for a month this year, ahead of 55,000 tons in June. The high marks of 138,000 tons and 135,000 tons occurred in February and March, respectively.

Before the COVID-19 pandemic struck, Brazil’s volumes of imported base oil were similar to the amount it produced, but imports rose as domestic output dropped during 2020.

Related Topics

Base Stocks    Brazil    Market Topics    Region    South America