Argentina’s lube demand fell in August for the sixth time in seven months amid a slump in consumption of industrial oils.Total lube demand of 22,200mᶟ (19,680t) in August fell by 3pc from year-earlier levels, government data showed.The pace of the slowdown outpaced slightly the 2.5pc fall in consumption to 170,000mᶟ in the first eight months of the year.Consumption of automobile lubricants rose by 6pc in August. Industrial oils fell by 22pc in August and for a fourth straight month.Firmer consumption of automotive lubricants and falling demand for industrial oils mirrored Argentina’s economic performance.The country’s industrial production contracted in July for a second month and at its sharpest pace since the beginning of 2020.Automobile sales extended their rise in August for an eighteenth month..Brazil’s August lube demand rises
Argentina’s lube demand fell in August for the sixth time in seven months amid a slump in consumption of industrial oils.Total lube demand of 22,200mᶟ (19,680t) in August fell by 3pc from year-earlier levels, government data showed.The pace of the slowdown outpaced slightly the 2.5pc fall in consumption to 170,000mᶟ in the first eight months of the year.Consumption of automobile lubricants rose by 6pc in August. Industrial oils fell by 22pc in August and for a fourth straight month.Firmer consumption of automotive lubricants and falling demand for industrial oils mirrored Argentina’s economic performance.The country’s industrial production contracted in July for a second month and at its sharpest pace since the beginning of 2020.Automobile sales extended their rise in August for an eighteenth month..Brazil’s August lube demand rises
