The United States’ exports of base oil experienced a 41% year-to-year plunge in August – to the lowest volume since May 2020 – while imports of base oil fell 29%, according to data released by a U.S. government agency.
The import volume was the second highest this year, slightly behind July’s figure.
Get alerts when new Sustainability Blog articles are available.
The U.S. exported 2.2 million barrels of base oil in August – the lowest since 1.8 million barrels in May 2020 – the U.S. Energy Information Administration reported. In August of 2021 the number was 3.7 million barrels. Sequentially, August’s exports were down 43% from 3.9 million barrels in July.