Total lube consumption of 93,130mᶟ (82,000t) in November rose by 2pc from year-earlier levels, according to IBP.
Read MoreThe US base oils and finished lubricant market is expecting to experience more competition next year amid steady-at-best demand and growing global supplies.
Read MoreJapan’s base oils supply fell to a three-month low in November amid an ongoing slowdown in domestic production.
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