The COVID-19 pandemic wreaked havoc on United States base oil production during the first half of 2020, but signs of a slow recovery began to emerge during the second part of the year, said Ernie Henderson, president of K&E Petroleum Consulting. With production volumes slowly returning to more normal levels from July through December of 2020, many industry players held out hope that 2021 would usher in even more favorable market conditions. And for the most part, it did. However, Henderson noted that "recovery is underway in 2021 but has been impacted by the nagging reminder that the industry is still recovering from the effects of a global pandemic that has not yet been eradicated."
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