Lubricating oil demand in Latin America, Europe and Asia outside China is set to rise in the fourth quarter of the year from the third quarter as higher consumption in Asia outweighs lower demand in the other regions.The size of the rise in demand is likely to be smaller than usual as weaker-than-expected consumption in Asia and Europe outweighs stronger-than-expected demand in Latin America.Total consumption of more than 3.22mn t in the fourth quarter of the year is likely to rise from less than 3.19mn t during the third quarter.Consumption would still be down from more than 3.30mn t during the second quarter of this year and in the fourth quarter of last year..Europe’s Q4 lube demand set to fall.Latam's Q4 lube demand stays firm.Asia’s Q4 lube demand set to rise
Lubricating oil demand in Latin America, Europe and Asia outside China is set to rise in the fourth quarter of the year from the third quarter as higher consumption in Asia outweighs lower demand in the other regions.The size of the rise in demand is likely to be smaller than usual as weaker-than-expected consumption in Asia and Europe outweighs stronger-than-expected demand in Latin America.Total consumption of more than 3.22mn t in the fourth quarter of the year is likely to rise from less than 3.19mn t during the third quarter.Consumption would still be down from more than 3.30mn t during the second quarter of this year and in the fourth quarter of last year..Europe’s Q4 lube demand set to fall.Latam's Q4 lube demand stays firm.Asia’s Q4 lube demand set to rise
