Chevron Announces Base Oil Price Decrease

Chevron announced it will decrease the posted price of its base oils. The adjustment is effective September 20th and moves N100 down 45 cpg, N220 down 50 cpg, and N600 will decrease by 30 cpg.  

Motiva Announces Retro-Active Price Decrease on Base Oils

Motiva announced a retro-active decrease on the posted price of base oils. The adjustment is effective starting with all orders invoiced September 1, 2022. The adjustment moves the posted price of PRIMA 100, 220, ULTRA 2, and ULRA 3 down by 50 cpg, and PRIMA 600 moved down by 20 cpg.

Motiva attributes the need for the adjustment to lower feedstock costs, an overhang in base oil supply, and the peak hurricane season now being in the rearview mirror.