Europe’s lubricating oil market is set to see a seasonal pick-up in consumption from September even as consumption continues to trend lower from year-earlier levels.Lube demand is likely to bottom out in August before rebounding strongly over the next three months, according to the Baseoilnews.com short-term outlook.The trend is likely to boost demand during the three months starting September to more than 600,000t.The volume would be up from less than 570,000t during the three months to August and from more than 580,000t during the second quarter of the year.Lube demand is likely to continue to fall from year-earlier levels over the coming months, even if less steeply than in first-half 2023. The market also faces a typical sharp seasonal slowdown in consumption in the month of December..Asia’s lube demand faces shallower slowdown
Europe’s lubricating oil market is set to see a seasonal pick-up in consumption from September even as consumption continues to trend lower from year-earlier levels.Lube demand is likely to bottom out in August before rebounding strongly over the next three months, according to the Baseoilnews.com short-term outlook.The trend is likely to boost demand during the three months starting September to more than 600,000t.The volume would be up from less than 570,000t during the three months to August and from more than 580,000t during the second quarter of the year.Lube demand is likely to continue to fall from year-earlier levels over the coming months, even if less steeply than in first-half 2023. The market also faces a typical sharp seasonal slowdown in consumption in the month of December..Asia’s lube demand faces shallower slowdown
