Base Oil Prices Go Down; Pascagouta Plant Officially Commissioned

摘要

Adecrease announcement by Motiva Enterprises dropped its Group II light viscosity base stock posted prices by 10 cents/gallon, the mid-viscosity by 20 cents/ gallon and the 600 heavy grade by 25 cents/gallon effective August 15. The round of August posted price reductions that developed shortly after Motiva's announcement followed a series of increases that emerged in May, but failed to gather full support from all producers.