refiners produced 4.
6 million barrels of base oil in January, down more than 10 percent from a year earlier and down 8 percent from January 2020, according to data released by the U.
Energy Information Administration (EIA).
%, also down 13% from December 2021, the lowest U.
January output since 2013
Across categories, U.
paraffin-based base oil production fell 11% year-on-year to 3.
9 million barrels in January and was 8% lower than the same period in 2020
This is the lowest monthly production level since 3.
7 million barrels in March last year
Naphthenic base oil production in January fell 10% year-on-year to 716,000 barrels, 5% lower than the same period in 2020; however, month-on-month, it was up 8% from 665,000 barrels in December last year