Germany’s domestic lube demand fell in August to the lowest in at least nine years, deepening a sharp slump in consumption since the start of the year.The country’s lube production by contrast held steady as blenders tapped a strong rise in overseas demand.Steady-to-firm lubricants output duly sustained blenders’ requirements for base oils feedstock supplies even with the slowdown in domestic demand.Germany’s domestic lube consumption fell to less than 29,000 tonnes in August, government data showed.The volume fell by more than 40% from year-earlier levels to the lowest since at least 2015.The drop in demand outpaced the 7.1% slide in Germany’s lube consumption in the first eight months of the year.It also compounded a sharp fall in Europe’s lube consumption that already faced a seasonal dip in demand in the month of August.The drop in Germany’s lube demand gathered pace this year on the back of a 27% slump in engine oils consumption in the first eight months of the year.Engine oils demand fell by less than 3% in 2023.Lower engine oils consumption highlighted the impact of weak car sales in Europe and slumping demand for cars with internal combustion engines, especially for diesel-powered vehicles.Germany’s lube production by contrast was steady in August and up 8% in the first eight months of the year.Output held firm as the country’s blenders cushioned the impact of weak domestic demand by moving more supplies to overseas markets.Germany’s lube exports duly rose by 29% in August and for an eight straight month from year-earlier levels.The surge in exports left the country’s total lube demand, or domestic consumption and exports combined, steady in August and up from year-earlier levels in four of the last five months to August.Steady-to-higher outright lube consumption and production in turn supported firm demand for base oils supplies to cover those requirements..Italy’s September lube demand falls.Europe’s August lube demand falls
Germany’s domestic lube demand fell in August to the lowest in at least nine years, deepening a sharp slump in consumption since the start of the year.The country’s lube production by contrast held steady as blenders tapped a strong rise in overseas demand.Steady-to-firm lubricants output duly sustained blenders’ requirements for base oils feedstock supplies even with the slowdown in domestic demand.Germany’s domestic lube consumption fell to less than 29,000 tonnes in August, government data showed.The volume fell by more than 40% from year-earlier levels to the lowest since at least 2015.The drop in demand outpaced the 7.1% slide in Germany’s lube consumption in the first eight months of the year.It also compounded a sharp fall in Europe’s lube consumption that already faced a seasonal dip in demand in the month of August.The drop in Germany’s lube demand gathered pace this year on the back of a 27% slump in engine oils consumption in the first eight months of the year.Engine oils demand fell by less than 3% in 2023.Lower engine oils consumption highlighted the impact of weak car sales in Europe and slumping demand for cars with internal combustion engines, especially for diesel-powered vehicles.Germany’s lube production by contrast was steady in August and up 8% in the first eight months of the year.Output held firm as the country’s blenders cushioned the impact of weak domestic demand by moving more supplies to overseas markets.Germany’s lube exports duly rose by 29% in August and for an eight straight month from year-earlier levels.The surge in exports left the country’s total lube demand, or domestic consumption and exports combined, steady in August and up from year-earlier levels in four of the last five months to August.Steady-to-higher outright lube consumption and production in turn supported firm demand for base oils supplies to cover those requirements..Italy’s September lube demand falls.Europe’s August lube demand falls
