Germany’s lube demand fell in May at its slowest pace in eight months amid firm consumption of gearbox oils and a slower drop in engine oils consumption.Total domestic and overseas lube demand came to 133,470t in May, government data showed.The volume rose from 116,620t in April but fell 16pc from year-earlier levels. The contraction was the twenty-third in a row.The pace of the contraction was the slowest since September 2022.Domestic lube consumption of 55,720t in May fell by 10pc, improving from a more-than 20pc contraction in March and in April.Consumption of gearbox oils rose by 6pc in May and for a seventh straight month.Hydraulic oils demand fell by 20pc in May, improving from a 50pc slump the previous month.Lube exports of 77,750t fell by 20pc in May, improving from a 27pc contraction in April.Exports of hydraulic oils rose in May for a second month. Shipments of transformer oils rose in May for the third time in four months..Portugal’s June lube demand rebounds
Germany’s lube demand fell in May at its slowest pace in eight months amid firm consumption of gearbox oils and a slower drop in engine oils consumption.Total domestic and overseas lube demand came to 133,470t in May, government data showed.The volume rose from 116,620t in April but fell 16pc from year-earlier levels. The contraction was the twenty-third in a row.The pace of the contraction was the slowest since September 2022.Domestic lube consumption of 55,720t in May fell by 10pc, improving from a more-than 20pc contraction in March and in April.Consumption of gearbox oils rose by 6pc in May and for a seventh straight month.Hydraulic oils demand fell by 20pc in May, improving from a 50pc slump the previous month.Lube exports of 77,750t fell by 20pc in May, improving from a 27pc contraction in April.Exports of hydraulic oils rose in May for a second month. Shipments of transformer oils rose in May for the third time in four months..Portugal’s June lube demand rebounds