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June 21, 2017

Volume 17 Issue 52

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Base Oil Capacity Keeps Rising

Global base oil manufacturing capacity now tips the scales at 1.11 million barrels a day, roughly 55 million metric tons a year. Yet even though the construction frenzy of the past decade seems to be ebbing, refiners still aim to stream another 90,000 b/d of fresh capacity between now and 2021.