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Motiva to Move Base Oil Prices

Today, JobbersWorld learned that Motiva will move base oil postings on Sept 7th. 100N will move up 15 cpg, 220N up 25 cpg, and 600 up by 20 cpg.
Although many blenders adsorbed the 15 cpg price increase announced by Motiva on June 15th, and that of other base oil producers, layering on this most recent base oil increase will be a challenge for blenders and marketers to manage in light of the soft demand in finished lubricants and the exceedingly tight margins in these challenging times of Covid-19.
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