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
