Europe’s lube demand is likely to rebound over the coming months from August amid a seasonal pick-up consumption.Lube demand is forecast to rise to around 620,000t in the three months to end-November, from close to 600,000t during the previous three months, according to the Baseoilnews.com short-term outlook.Base oils demand could also see a revival over the coming months after blenders cut their inventories during first-half 2023 to limit their exposure to a sustained slowdown in consumption.Lube demand then faces a sharp seasonal slowdown at the end of the year.The pace of the drop in lube demand is likely to be slower than during the same time last year.Demand in the third quarter of the year already showed signs of slowing less sharply than expected amid firmer consumption in the Mediterranean region..Asia’s lube demand set for seasonal boost
