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September 5, 2018

Volume 2 Issue 12

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U.S. Base Oil Output Jumps

U.S. base oil refiners worked in high gear during the first half of 2018, producing nearly 34 million barrels of base stocks the highest total in at least a quarter century, according to data released Friday by the U.S. Energy Information Administration. Observers said that output is helping to saturate the market.