Germany’s lube demand in August outpaced lube consumption in Italy and Spain combined for the first time in eleven months.Germany’s lube demand of 53,600t in August rose from less than 50,000t the previous month.The country’s demand usually faces a seasonal slowdown in the month of August from the previous month.Italy and Spain’s combined lube consumption came to 50,000t in August.Demand fell from close to 70,000t in July but still rose by 7pc from year-earlier levels.The diverging trends lifted Germany’s lube consumption above Spain and Italy for the first time since September 2022.Its consumption had lagged the two south European countries as a sustained slump in demand contrasted with their gradual recovery in consumption from the second quarter of the year.Any expansion of the recovery in lube demand to markets like Germany would trigger a stronger pick-up in Europe’s base oils requirements. .Germany’s August lube demand mixed.Italy’s September lube demand rises
Germany’s lube demand in August outpaced lube consumption in Italy and Spain combined for the first time in eleven months.Germany’s lube demand of 53,600t in August rose from less than 50,000t the previous month.The country’s demand usually faces a seasonal slowdown in the month of August from the previous month.Italy and Spain’s combined lube consumption came to 50,000t in August.Demand fell from close to 70,000t in July but still rose by 7pc from year-earlier levels.The diverging trends lifted Germany’s lube consumption above Spain and Italy for the first time since September 2022.Its consumption had lagged the two south European countries as a sustained slump in demand contrasted with their gradual recovery in consumption from the second quarter of the year.Any expansion of the recovery in lube demand to markets like Germany would trigger a stronger pick-up in Europe’s base oils requirements. .Germany’s August lube demand mixed.Italy’s September lube demand rises
