This week, Sunoco issued a price decrease on its API Group I base oils of 40 to 50 cents per gallon,Chevron cut the posted pricesfor its Group II oils by 40 to 50 cents/gal, andExxonMobil has informed customers that it is marking down all Group I and II+ grades by 50 cents/gal. On the naphthenic side, Ergon plans to lower all grades by 50 cents/gal, while San Joaquin will reduce prices by 30 cents/gal this week.
On Dec. 11, Sunoco reduced its solvent neutral 70 vis by 50 cents/gal, while pushing down all other neutrals by 40 cents/gal. The company did not adjust its bright stock, which remains unchanged at $5.21/gal.
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