Motiva Enterprises and ConocoPhillips have joined the latest round of price increases, leaving Flint Hills Resources as the lone hold-out.
ConocoPhillips raised posted prices on its Group II stocks by 10 cents per gallon for 70 SUSand 80 SUSgrades, and by 13 cents per gallon on higher viscosity grades. It increased postings on its Group III stocks by 13 cents per gallon for 2, 3 and 8 cSt stocks, and by 19 cents per gallon on 4 cSt base stocks.ConocoPhillips’ increases were effective June 16.
Yesterday Motivaannounced that its posted prices increased by 13 to 15 cents per gallon, effective immediately. Postings for all Group II stocks increased 13 cents per gallon except 600 SUS, which increased 15 cents. Motiva’s Group II-plus 4.5 cSt base stock increased 13 cents per gallon.
Group II supplier Flint Hills Resources reported no change in posted prices as of yesterday afternoon. It is the only U.S. paraffinic base oil supplier that has not joined the year’sfourth round of posted price hikes.
The price of crude on the New York Mercantile Exchange closed yesterday at $69.30 per barrel, according to Bloomberg. This was78 centshigher than a week ago.
Historic U.S. posted base oil prices and WTI and Brent crude spot prices are available for purchase in Excel format.