U.S. prices for both paraffinic and naphthenic base oils are rising again. ExxonMobil triggered the paraffinic movement Monday, announcing hikes of 10 cents to 15 cents per gallon that take effect today. Several pale oil producers said they will impose markups ranging from 8 cents to 15 cents.
This is the third round of increases this year for paraffinic oils. ExxonMobil added 10 cents per gallon for all of its postings, except mid-viscosity Group I stocksand its EHC 60 Group II-plus, all of which went up 15 cents. Citgo followed yesterday, announcing hikes of 15 cents on its 325 neutral and10 cents other products, taking effect today. Motiva said it will raise all postings by 12 cents tomorrow. Calumet said it will add 15 cents to its 325 Group II neutral and 10 cents to all other postingson Monday.