A few more price increases trickled through the U.S. base oil market the past week, as several suppliers remained preoccupied with disruptions caused by Hurricane Rita. Chevron raised posted prices on the paraffinic side of the market, while Ergon and Cross imposed markups for naphthenics.
Chevron added 9 cents per gallon to its postings on Friday, sources said, becoming just the second Group II supplier to join a round of hikes begun two weeks ago. Calumet raised prices previously, as did ExxonMobil, Citgo, Valero, Sunoco and SK. Three Group II producers – Motiva, ConocoPhillips and Flint Hills Resources – have not moved, apparently because they are still coping with plant shutdowns caused by Rita.
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