Lube demand in the Americas’ largest markets fell in March because of a slump in US consumption.Lube demand in Latin America’s largest markets by contrast rose in March to a one-year high as rising consumption in Mexico cushioned lower sales in Brazil and Argentina.Total lube consumption of 422,800t in March fell from more than 587,000t the previous month and by 44pc from year-earlier levels.The contraction reflected a growing disconnect between the US, where lube demand showed signs of slowing, and Latin America, where consumption held steadier.Consumption of almost 174,000t in Mexico, Brazil and Argentina combined rose from around 145,000t the previous month to the highest since March 2022.The region’s demand typically enjoys a seasonal rise in the month of March, before falling back the following month.Latin America’s consumption still fell by 0.2pc in March from year-earlier levels. The contraction was the first in four months and reflected growing pressure on the region’s demand..Mexico’s March lube demand rises.Contact us for more information about the data for these stories
Lube demand in the Americas’ largest markets fell in March because of a slump in US consumption.Lube demand in Latin America’s largest markets by contrast rose in March to a one-year high as rising consumption in Mexico cushioned lower sales in Brazil and Argentina.Total lube consumption of 422,800t in March fell from more than 587,000t the previous month and by 44pc from year-earlier levels.The contraction reflected a growing disconnect between the US, where lube demand showed signs of slowing, and Latin America, where consumption held steadier.Consumption of almost 174,000t in Mexico, Brazil and Argentina combined rose from around 145,000t the previous month to the highest since March 2022.The region’s demand typically enjoys a seasonal rise in the month of March, before falling back the following month.Latin America’s consumption still fell by 0.2pc in March from year-earlier levels. The contraction was the first in four months and reflected growing pressure on the region’s demand..Mexico’s March lube demand rises.Contact us for more information about the data for these stories
