Chevron, Excel Paralubes, HollyFrontier, Petro-Canada, ExxonMobil, Calumet and Safety-Kleen informed their customers that the producers would be decreasing posted prices. Motiva was first out the gate with decreases last week, communicating reductions that became effective on September 1, marking the first paraffinic price adjustment in more than two months. In other news, Hurricane Fiona brought heavy rain and flooding to Puerto Rico, the Dominican Republic and several other Caribbean islands, but was expected to bypass the United States mainland. Hurricanes always raise concerns about potential supply disruptions at base oil plants along the U.S. Gulf Coast.
Chevron announced that the company would be decreasing the posted price of its API Group II base oils, effective Sept. 20. The posted price of Chevron’s Group II 100N will be reduced by 45 cents per gallon, its 220N by 50 cents/gal, and its 600N by 30 cents/gal, to “reflect market conditions,” the company explained.
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