ExxonMobil on Friday announced that it was raising the posted price on one of its Group II-plus base oils by 15 cents per gallon, the first price movement in the U.S. market in two months. Other suppliers of Group II-plus and Group III oils followed with their own double-digit increases.
ExxonMobils increase, which took effect Monday, applied only to EHC 45, its 4.5 centiStoke Group II-plus oil. Motiva added 10 cents yesterday to the posting for its lone Group II-plus product, which has a similar viscosity. ConocoPhillips and SK said yesterday that they will raise all Group III prices by 15 cents, effective tomorrow and Friday, respectively. There was no word of action by Calumet, which also posts a price for a Group II-plus oil.
Get alerts when new Sustainability Blog articles are available.