Lubricating oil demand in Latin America is likely to ease over the coming months amid a typical seasonal slowdown during the fourth quarter of the year.Monthly lube demand is likely to hold in a narrow range during the third quarter, at lower levels than around 541,000t during the second quarter of the year.It is then likely to fall during the final three months of the year, according to the Baseoilnews.com short-term outlook.The volume is based on demand in six countries in Latin America, including its three largest markets.The prospect of slower lube demand in Latin America during the final months of the year would likely coincide with moves by US refiners to clear surplus base oils supplies before year-end.The size of any such surplus could be smaller than usual, curbing the impact of the slowdown in lube demand in the Latin American market. .Americas’ May base oils supply rises
