Brazil’s lubricating oil demand unexpectedly rebounded in May amid surging consumption of passenger car engine oils (PCMO).Demand rose for the first time in three months even in the face of weaker economic growth, high interest rates and slowing automobile sales.Total lube consumption of 100,750mᶟ (9,520t) in May rose from 88,200mᶟ in April and by 10pc from the same month a year earlier, IBP data showed.Lube consumption got a boost from a 23pc rise in demand for PCMO and a 3pc rise in consumption of heavy-duty engine oils (HDEO).The increase in HDEO demand was the first in four months.Consumption of transformer oils extended its steep surge, with demand more than doubling in May..Latam’s Q3 lube demand likely to fall.Contact us for more information about the data for these stories
