- Lube demand mixed; base oils demand firmo Italy - lube demand falls in Februaryo France - lube demand falls in Januaryo Germany - lube demand falls in Januaryo Thailand - lube demand falls in Februaryo Japan - lube demand falls in Februaryo Brazil - lube demand falls in February.o Global automobile sales mostly trend lower in Februaryo Lockdowns dampen Chinese demando Purchasing managers’ indexes falls in China, US, Europeo Base oils demand weak in Chinao Base oils demand firm in other markets as buyers prioritize security of supply, wary of supply tightness, higher prices .Global base oils – the week ahead.Base Oil News stories and analysis also available on ICIS platform