Even though some players felt this was a long time coming, a spate of price announcements reached the U.S. base oils market this week. Moves in the API Group II sector were made by Motiva, Chevron and Calumet, in the region of 15 cents to 20 cents/gal. In the Group I category, HollyFrontier, Paulsboro and Calumet issued price hikes of 10 cents to 20 cents/gal.
Motiva informed its customers that it upped its Group II base oil postings on Monday, March 11. Star 4 (110 vis) and Star 6 (220 vis) were pulled up by 15 cents/gal. The company did not implement any change to its Star 12 (600 vis) posting.
Historic U.S. posted base oil prices and WTI and Brent crude spot prices are available for purchase in Excel format.