Pakistan’s lube demand rose for a fifth month in November, mirroring an improvement in the country’s economic activity.Firm demand contrasted with a sustained slump in the country’s base oils supply.The trend raised the prospect of triggering a pick-up in supply from domestic or overseas refiners or leaving blenders facing increasingly tight availability of feedstock supplies.The country’s lube consumption of 11,700t in November rose by 3pc and for a fifth month from year-earlier levels, according to Oil Companies Advisory Council (OCAC) data.The volume is reflective of demand trends rather than total consumption.Transport lube demand edged up for a second month and industrial lube consumption for a fourth month.Rising consumption contrasted with a drop in Pakistan’s base oils production to 6,500t in November.Output fell by 36pc and for a fifth month from year-earlier levels.Lower output boosted Pakistan’s requirements for base oils supplies from overseas markets.Base oils imports of around 18,000t in November fell from more than 24,000t in October and by 35pc from year-earlier levels.Total supply, or production and imports combined, came to around 24,500t in November.The volume fell for the fifth time in six months from year-earlier levels to a nine-month low.The trend raised the prospect of a pick-up in demand for premium-grade supplies from overseas markets.South Korea and Singapore are the country’s largest sources of overseas base oils supplies..India’s Dec lube demand rises.S Korea's Dec base oils exports rise
Pakistan’s lube demand rose for a fifth month in November, mirroring an improvement in the country’s economic activity.Firm demand contrasted with a sustained slump in the country’s base oils supply.The trend raised the prospect of triggering a pick-up in supply from domestic or overseas refiners or leaving blenders facing increasingly tight availability of feedstock supplies.The country’s lube consumption of 11,700t in November rose by 3pc and for a fifth month from year-earlier levels, according to Oil Companies Advisory Council (OCAC) data.The volume is reflective of demand trends rather than total consumption.Transport lube demand edged up for a second month and industrial lube consumption for a fourth month.Rising consumption contrasted with a drop in Pakistan’s base oils production to 6,500t in November.Output fell by 36pc and for a fifth month from year-earlier levels.Lower output boosted Pakistan’s requirements for base oils supplies from overseas markets.Base oils imports of around 18,000t in November fell from more than 24,000t in October and by 35pc from year-earlier levels.Total supply, or production and imports combined, came to around 24,500t in November.The volume fell for the fifth time in six months from year-earlier levels to a nine-month low.The trend raised the prospect of a pick-up in demand for premium-grade supplies from overseas markets.South Korea and Singapore are the country’s largest sources of overseas base oils supplies..India’s Dec lube demand rises.S Korea's Dec base oils exports rise
