April 17, 2019
Volume 2 Issue 29
U.S. Base Oil Exports to Middle East Surge
U.S. refiners export significant quantities of base oils to the Middle East despite the region’s substantial investment in API Group II and III production capacity. The United States’ export boom is driven by a surge in crude production and the fact the U.S. Gulf is the world’s cheapest refining region, an industry expert claims.