Brazil’s base oil production in October declined by 18%, while base oil imports rose 8%, according to data released by a government agency.
The country’s base oil production decreased to 47,000 metric tons in October, compared to 57,000 tons in the same month last year, the National Agency of Petroleum, Natural Gas and Biofuels reported. That was the second-highest monthly total for this year, trailing only 53,000 tons in August. Brazil’s monthly base oil production was at least 40,000 tons each month except for June’s 24,000 tons and July’s 37,000 tons.
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