News that ExxonMobil had communicated posted price increases hit the market this week, with participants indicating that the adjustments were likely driven by the pressing supply situation and rising crude oil and feedstock values.
According to sources, ExxonMobil will be increasing the price of its API Group I 100 to 400-vis grades by 20 cents per gallon, its 600-vis grade by 30 cents/gal and its bright stock by 40 cents/gal. The producer’s Group II EHC 65 cut will be lifted by 20 cents/gal and its Group II+ EHC 45 cut by 30 cents/gal, all with an effective date of March 19.
Free Lube Reports
Get alerts when new Sustainability Blog articles are available.