US base oil exports in February declined by 38pc to 91,500 b/d from year-earlier levels, according to the Energy Information Administration (EIA).
- Monthly total exports in February rose by 11pc from January levels as base oil production remained elevated and surplus grew on increased base oil output rates in February.
- Exports to Mexico were down by 49pc from the same month in 2025. Monthly exports to Mexico increased by 20pc from January levels.
- Exports targeting Brazil rose by 35pc from year-earlier levels because a key refiner in that region was having production issues. February exports fell by 30pc from January levels.
- Exports to Belgium, France and the Netherlands – a proxy for European demand – were down by 60pc from February 2025 totals and by 69pc from month-earlier levels.
- US exports to Ecuador, Chile and Peru – a proxy for west coast South America demand – increased in February by 18pc from Februrary 2025 levels and more than quadrupled month-earlier levels. Rising exports were likely driven by less base oil production coming from Brazil due to production issues.
| US base oil exports | b/d | ||
| Countries | 26-Feb | m-o-m% | y-o-y% |
| Mexico | 29,540 | 20 | -49 |
| Brazil | 13,680 | -30 | 35 |
| Belgium | 4,610 | -71 | -56 |
| France | 1,180 | -40 | -51 |
| The Netherlands | 70 | -89 | -96 |
| India | 70 | -97 | -99 |
| Ecuador | 3,180 | 3,185 | 0 |
| Peru | 1,570 | 156 | -21 |
| Chile | 4,250 | 288 | 43 |
| Total | 91,500 | 11 | -38 |
| *Total includes all countries, not just those listed | |||
| Energy Information Administration (EIA) | |||
