Asia’s lubricating oil demand rose in May for the first time in three months amid a pick-up in consumption in northeast and southeast Asia.Total demand of more than 750,000t in May rose from 695,000t the previous month and by 6pc from year-earlier levels, government data showed.Lube consumption rose by 12pc in southeast Asia to a three-month high.Lube demand in northeast Asia rose for a third-straight month and at its fastest pace in fifteen months.The trend pointed to an improving outlook for lube consumption throughout most of the region.The volume included demand in the largest markets in northeast and southeast Asia, excluding China, whose revival in lube consumption lagged earlier expectations..Asia’s Q3 lube demand likely to fall
Asia’s lubricating oil demand rose in May for the first time in three months amid a pick-up in consumption in northeast and southeast Asia.Total demand of more than 750,000t in May rose from 695,000t the previous month and by 6pc from year-earlier levels, government data showed.Lube consumption rose by 12pc in southeast Asia to a three-month high.Lube demand in northeast Asia rose for a third-straight month and at its fastest pace in fifteen months.The trend pointed to an improving outlook for lube consumption throughout most of the region.The volume included demand in the largest markets in northeast and southeast Asia, excluding China, whose revival in lube consumption lagged earlier expectations..Asia’s Q3 lube demand likely to fall