Japan’s Feb base oils/lube demand falls

Japan’s base oils and lube demand fell to a thirteen-month low in February, mirroring a similar slide in the country’s base oils output.

Base oils and lube consumption of 111,560 kilolitres (98,820t) in February fell from 133,860kl the previous month, government data showed. The volume was the lowest since January 2022.

Slower domestic base oils and lube demand coincided with signs of mixed consumption throughout the Asia-Pacific market.