Latin America’s lube demand is likely to face a seasonal slowdown in the fourth quarter of the year but still exceed year-earlier levels.The slowdown in consumption would follow higher-than-expected demand in the third quarter of the year.Lube demand is likely to hold well above 500,000t in the fourth quarter of the year, according to the Baseoilnews.com short-term outlook. The volume would be up from closer to 500,000t during the same time a year earlier.Demand is set to slow from more than 530,000t in the third quarter of the year.The third-quarter volume would itself be up from less than 530,000t in the first and second quarters of the year.The forecast third-and fourth-quarter volumes are also up more than 5pc from the previous month’s projections, mostly because of unexpectedly strong lube demand in Brazil.The raised projections contrast with slightly lowered projections for lube consumption in Asia over the coming months. .Brazil’s August lube demand rises
Latin America’s lube demand is likely to face a seasonal slowdown in the fourth quarter of the year but still exceed year-earlier levels.The slowdown in consumption would follow higher-than-expected demand in the third quarter of the year.Lube demand is likely to hold well above 500,000t in the fourth quarter of the year, according to the Baseoilnews.com short-term outlook. The volume would be up from closer to 500,000t during the same time a year earlier.Demand is set to slow from more than 530,000t in the third quarter of the year.The third-quarter volume would itself be up from less than 530,000t in the first and second quarters of the year.The forecast third-and fourth-quarter volumes are also up more than 5pc from the previous month’s projections, mostly because of unexpectedly strong lube demand in Brazil.The raised projections contrast with slightly lowered projections for lube consumption in Asia over the coming months. .Brazil’s August lube demand rises
