Argentina’s lube demand fell for the fifth time in six months in July amid sliding consumption of automobile lubricants.Lube demand of 20,460mᶟ (18,100t) in July fell from 21,550mᶟ in June and by 10pc from year-earlier levels, government data showed.The slowdown cut total consumption to 147,820mᶟ in the first seven months of the year, down 2pc from 151,440mᶟ during the same period last year.The drop in demand added to signs of slowing economic growth in Argentina.The country’s economic activity shrunk in June for a third month. Automobile sales rose in July at their slowest pace in seven months.Argentina’s automobile lubricants consumption fell by 12pc in July and for the first time in three months.The contraction outpaced the 7pc fall in the country’s industrial oils consumption..Brazil’s July lube demand rises
