A concentrated metalworking fluid comprising from 60 to 90 percent by weight base oil selected from the group consisting of water soluble polyalkylene glycols, methoxypolyethylene glycols, polyethylene glycols, and combinations of two or more thereof; from 5 to 20 percent by weight glycol ether; from 0.01 to 5 percent by weight oil soluble polyalkylene glycol; and from 0.2 to 6 percent by weight one or more additives selected from the group consisting of anti-weld agents, corrosion inhibitors, extreme pressure additives, buffers, biocides, lubricity additives, and combinations of two or more thereof is provided. Further provided is a metalworking process.