Base oil production in the United States rose by 34% in February, compared to the same month last year and was also up 25% from February 2020, a U.S. government agency reported last week.
U.S. base oil production reached 4.6 million barrels in February, compared to 3.4 million barrels in the same month last year and to 3.7 million barrels in February 2020, according to U.S. Energy Information Agency data. Sequentially, February’s volume was virtually unchanged from 4.6 million barrels in January.
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Compared to the last several years, this was the highest U.S. base oil production in February since 5.2 million barrels in 2018.