Lubricating oil demand in the Americas region rose in January for a sixth month amid steady consumption in Latin America and firmer demand in the US.Total consumption of 661,800t in January rose from 595,830t in December and by 5pc from year-earlier levels, government and industry data showed.The volume - from the US, Mexico, Brazil and Argentina combined, was the highest in five months.Lube demand of 151,100t in Latin America was similar to the previous two months and the highest since August.Demand held steady even in the face of slowing economic growth and rising interest rates..US’ Jan base oils/lube demand rises
Lubricating oil demand in the Americas region rose in January for a sixth month amid steady consumption in Latin America and firmer demand in the US.Total consumption of 661,800t in January rose from 595,830t in December and by 5pc from year-earlier levels, government and industry data showed.The volume - from the US, Mexico, Brazil and Argentina combined, was the highest in five months.Lube demand of 151,100t in Latin America was similar to the previous two months and the highest since August.Demand held steady even in the face of slowing economic growth and rising interest rates..US’ Jan base oils/lube demand rises
