Spain’s lubricating oil demand fell for a second month in May, adding to a slowdown in consumption throughout the Mediterranean region.But lube demand rose more strongly than usual from the month of April to levels that were closer to more typical volumes for the time of year.Lube demand of 38,000t in May fell by 10pc from year-earlier levels, according to CORES, which tracks the country’s energy stocks.Consumption got a seasonal boost from the month of April. The 23pc rise in demand was still larger than usual.Lube demand was also similar to consumption levels of around 38,000t in the month of May in 2018 and in 2019, before the Covid-19 pandemic disrupted typical demand patterns.Europe’s blenders cut lubricants and base oils inventories this year in response to healthy availability of feedstock supply and the prospect of weakening demand..Portugal’s May lube demand falls
Spain’s lubricating oil demand fell for a second month in May, adding to a slowdown in consumption throughout the Mediterranean region.But lube demand rose more strongly than usual from the month of April to levels that were closer to more typical volumes for the time of year.Lube demand of 38,000t in May fell by 10pc from year-earlier levels, according to CORES, which tracks the country’s energy stocks.Consumption got a seasonal boost from the month of April. The 23pc rise in demand was still larger than usual.Lube demand was also similar to consumption levels of around 38,000t in the month of May in 2018 and in 2019, before the Covid-19 pandemic disrupted typical demand patterns.Europe’s blenders cut lubricants and base oils inventories this year in response to healthy availability of feedstock supply and the prospect of weakening demand..Portugal’s May lube demand falls
