A smaller-than-expected fall in Asia’s lube demand in the third quarter and a likely rise in consumption in the fourth quarter contrasts with a likely slowdown in fourth-quarter demand in Europe and Latin America.Lube consumption in Asia is likely to outpace demand in Europe and in Latin America by around 1.7mn t in the fourth quarter of the year, according to the Baseoilnews.com short-term outlook.The size of the gap in demand between Asia and the other two regions widens by around 155,000-160,000t from the third quarter of the year.Asia’s lube demand outpaced consumption in Europe by around 1.64mn t in the fourth quarter of last year. It outpaced demand in Latin America by around 1.73mn t..Global lube demand set for smaller Q3 slowdown.Base Oil News stories and analysis also available on ICIS platform
