Spain’s lubricating oil demand rose to a ten-month high in March, boosting blenders’ need to replenish base oil feedstock supplies.Lube demand of 41,850t in March rose from 34,590t the previous month and by 8pc from year-earlier levels, according to CORES, which tracks the country’s energy stocks.Consumption of 107,910t in the first quarter edged up from year-earlier levels of 106,570t.Demand rose in March from year-earlier levels for a second month, contrasting with still-weak growth in other markets like Italy.Weak demand had prompted regional blenders to hold off replenishing base oils supplies for longer than usual in the first quarter of the year..Italy’s March lube demand rises.Contact us for more information about the data for these stories
