Europe’s lubricating oil demand rose less than usual in March at a time of year when consumption typically enjoys a seasonal boost.Lube demand of 226,400t in March rose from 202,970t the previous month, government and industry data showed.The volume still fell for a sixth month from year-earlier levels. The 11.5pc fall in consumption was the steepest contraction since the fourth quarter of 2021.The volume was derived from demand from seven countries in Europe, including its four largest markets.Lube consumption of 620,000t in the first quarter of the year rose from 576,620t during the final three months of last year. But demand was down 7pc from 669,210t during the first three months of last year.The sustained fall in lube demand incentivized blenders to hold smaller lubricants and base oils stocks..Germany's March lube demand stays weak.Contact us for more information about the data for these stories
Europe’s lubricating oil demand rose less than usual in March at a time of year when consumption typically enjoys a seasonal boost.Lube demand of 226,400t in March rose from 202,970t the previous month, government and industry data showed.The volume still fell for a sixth month from year-earlier levels. The 11.5pc fall in consumption was the steepest contraction since the fourth quarter of 2021.The volume was derived from demand from seven countries in Europe, including its four largest markets.Lube consumption of 620,000t in the first quarter of the year rose from 576,620t during the final three months of last year. But demand was down 7pc from 669,210t during the first three months of last year.The sustained fall in lube demand incentivized blenders to hold smaller lubricants and base oils stocks..Germany's March lube demand stays weak.Contact us for more information about the data for these stories