Spain’s lubricating oil demand rose in June for the first time in three months, adding to signs of a pick-up in consumption in the Mediterranean region.Lube demand of 38,360t in June rose by 3pc from year earlier levels and from 38,000t in May, according to CORES, which tracks the country’s energy stocks.Total consumption of 215,540t in first-half 2023 was down 4pc from 223,490t during the same period last year.The fall in demand was smaller than the 10pc dip in lube consumption in Europe in the first five months of the year.The rise in Spain’s lube demand in June mirrored a similar recovery in consumption in Italy and especially in Portugal..Portugal’s June lube demand rebounds
Spain’s lubricating oil demand rose in June for the first time in three months, adding to signs of a pick-up in consumption in the Mediterranean region.Lube demand of 38,360t in June rose by 3pc from year earlier levels and from 38,000t in May, according to CORES, which tracks the country’s energy stocks.Total consumption of 215,540t in first-half 2023 was down 4pc from 223,490t during the same period last year.The fall in demand was smaller than the 10pc dip in lube consumption in Europe in the first five months of the year.The rise in Spain’s lube demand in June mirrored a similar recovery in consumption in Italy and especially in Portugal..Portugal’s June lube demand rebounds
