It is a great product and has no friction modifiers:
Ingredients from MSDS/Label
Chemical CAS No / Unique ID Percent
o-Dichlorobenzene 000095-50-1 0-1
Stoddard solvent 008052-41-3 20-30
Hydrotreated heavy naphthenic distillate solvent extract 064742-52-5 70-80
White spirit, also known as Stoddard solvent, is a paraffin-derived clear, transparent liquid which is a common organic solvent used in painting and decorating. In 1924, an Atlanta dry cleaner named W. J. Stoddard worked with Lloyd E. Jackson of the Mellon Research Institute to develop specifications for a less volatile dry cleaning solvent as an alternative to more volatile petroleum solvents. Dry cleaners began using it in 1928 and it was the predominant dry cleaning solvent in the United States from the late 1920s until the late 1950s.
White spirit is used as an extraction solvent, as a cleaning solvent, as a degreasing solvent and as a solvent in aerosols, paints, wood preservatives, lacquers, varnishes, and asphalt products. In western Europe about 60% of the total white spirit consumption is used in paints, lacquers and varnishes