(Feb. 21, 2018; 1:45 p.m. EST. This article has been updated to include information about price increases by Phillips 66.)
A majority of paraffinic base oil producers have implemented price increases over the last three weeks, with most postings moving up by 15 to 22 cents per gallon, depending on grade and the supplier. Market discussions were fairly subdued this week as many participants were attending the ICIS World Base Oils and Lubricants Conference in London.
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