Chevron, ExxonMobil and Avista Oil announced posted price increases this week, introducing the sixth round of markups since the beginning of the year. The initiatives were driven by persistent supply shortages, healthy demand, and firm crude oil and feedstock values. In production news, Ergon began the restart process at its West Virginia refinery, following a fire on May 29.
Chevron communicated a posted price increase of 40 cents per gallon for its API Group II 100R grade, and a 30 cents/gal markup for its 220R and 600R base oils, with an effective date of June 15. The company noted that posted pricing was increasing to reflect current market conditions.
Get alerts when new Sustainability Blog articles are available.