Italy’s lube demand rose in October for a fifth month amid a sustained recovery in industrial oils consumption.Total lube consumption of 35,800t in October rose by 10pc from year-earlier levels, government data showed.The rise in demand lifted Italy’s lube consumption to 324,200t in the first ten months of the year.The volume was up from 319,500t during the same period last year and reversed a 2pc fall in consumption in the first half of the year.Lube demand rose in October on the back of a 13pc rise in consumption of industrial oils and a 7pc increase in consumption of heavy-duty engine oils (HDEO). HDEO are seen as a bellwether for the state of industrial activity.The rise in demand for industry-related lubricants contrasted with a 4pc slide in consumption of passenger-car motor oils (PCMO).Consumption of PCMO had mostly risen over the past year even when industrial oils demand was shrinking.That dynamic reversed in October..France’s Sept lube demand falls
Italy’s lube demand rose in October for a fifth month amid a sustained recovery in industrial oils consumption.Total lube consumption of 35,800t in October rose by 10pc from year-earlier levels, government data showed.The rise in demand lifted Italy’s lube consumption to 324,200t in the first ten months of the year.The volume was up from 319,500t during the same period last year and reversed a 2pc fall in consumption in the first half of the year.Lube demand rose in October on the back of a 13pc rise in consumption of industrial oils and a 7pc increase in consumption of heavy-duty engine oils (HDEO). HDEO are seen as a bellwether for the state of industrial activity.The rise in demand for industry-related lubricants contrasted with a 4pc slide in consumption of passenger-car motor oils (PCMO).Consumption of PCMO had mostly risen over the past year even when industrial oils demand was shrinking.That dynamic reversed in October..France’s Sept lube demand falls
