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Chevron Announces Price Increase
Chevron Announces Price Increase Chevron advised marketers of a price increase of up to 15% on all lubricating oils, greases, and coolants. The adjustment is said to be due to the increasing costs of raw materials and supply chain related costs.
Recent News
For Those Keeping Count
The past two years have been extraordinary. From January 2021 to date, there have been 11 lubricant price increases. Eight of the increases came in 2021, and there have already been 3 that have taken effect in 2022 and some have announced a 4th.
More Base Oil and Lube Increases
More Base Oil and Lube Increases Motiva Announces Base Oil Price Increase Motiva announced it will increase the posted price of Group II base oil on June 15, 2022.
More Price Increases
Best-Wade Petroleum announces leadership changes
RelaDyne Takes the Drydene Brand Nationwide
Society of Tribologists and Lubrication Engineers (STLE) To Host Metalworking Fluid Management Program
Society of Tribologists and Lubrication Engineers (STLE) To Host Metalworking Fluid Management Program Educational course provides metalworking professionals with cutting-edge techniques and practices for enhancing metalworking fluid operations The
Matrix Announces Capital Raise for Carroll Independent Fuel
Matrix Announces Capital Raise for Carroll Independent Fuel Matrix Capital Markets Group, Inc., a leading, independent investment bank, announces that it served as lead financial
Walthall Oil Company Acquires Barrett Oil and Fuel Pro of Savannah, Georgia
Walthall Oil Company, a third-generation family business, announced today they are acquiring Barrett Oil and Fuel Pro Commercial Fueling sites in Savannah, Georgia. This acquisition complements Walthall’s existing geography in Georgia, northern Florida, and South Carolina.
Matrix Announces the Successful Sale of Community Service Stations, Inc.
Matrix Announces the Successful Sale of Community Service Stations, Inc. Matrix Capital Markets Group, Inc., a leading, independent investment bank, announces that it has advised
Greif to Acquire Lee Container
Greif to Acquire Lee Container Greif, Inc., a global leader in industrial packaging products and services, today announced it has entered into a definitive agreement
Matrix Announces the Successful Sale of Holt Oil Company, Inc.
Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Holt Oil Company, Inc. on the sale of its 19 petroleum marketing and convenience retail stores and wholesale dealer business to Petroleum Marketing Group, Inc. (“PMG”).
Mobil 1 introduces Triple Action Formula and Triple Action Formula+ to enhance motor performance, protection, and cleanliness
Mobil 1 recently announced that its new and improved motor oil formulation was hitting the market, offering its unique Triple Action Formula and Triple Action Formula+. With the introduction of the formulation, drivers and consumers can continue to trust Mobil 1 motor oils to keep their engine running smoothly with the unique blend of premium ingredients.
NewMarket Announces the Retirement of the President of Afton Chemical Corporation and the Appointment of New President
NewMarket Corporation announced that Regina Anne Harm, President of Afton Chemical Corporation (“Afton”), is stepping down from her role as President of Afton effective December 31, 2022, as she intends to retire in 2023. Mrs. Harm has worked for Afton for over 15 years, and she has served in a variety of areas of increasing responsibility during this time, culminating in the role of President in 2018.
Stalled Increases and Softening Demand
Stalled Increases and Softening Demand Stalled Increases In what looked like the beginning of a fifth round of lubricant price increases in 2022, the sudden
U.S. Lubricants, a division of U.S. Venture, blended its first batch of THRIVE® 0W-20 engine oil at its recently acquired Baltimore, Maryland facility
U.S. Lubricants, a division of U.S. Venture, blended its first batch of THRIVE® 0W-20 engine oil at its recently acquired Baltimore, Maryland facility The Baltimore
Renewable Energy Group Acquires Northern California Distributor Dawson Oil Company
Renewable Energy Group Acquires Northern California Distributor Dawson Oil Company Acquisition marks REG’s latest step in delivering fuel directly to end users Renewable Energy Group,
McDougall Energy Inc. Announces Completion of Dowler-Karn Acquisition
McDougall Energy Inc. Announces Completion of Dowler-Karn Acquisition Two of Ontario’s largest family-owned fuel and lubricant distributors have finalized an agreement that welcomes Dowler-Karn Limited
Renewable Energy Group Acquires California-Based Amber Resources, LLC
Renewable Energy Group Acquires California-Based Amber Resources, LLC Renewable Energy Group, Inc. has acquired Amber Resources, LLC (dba Sawyer Petroleum) and its affiliated entities, M.O.
PetroChoice Expands Southeast Reach with Acquisition of APS Lubricants (Advanced Performance Services, Inc).
PetroChoice, the leading provider of lubrication solutions, is kicking off the New Year by announcing the acquisition of Goodwater, Alabama based distributor, APS Lubricants
American Industrial Partners Announces Acquisition of RelaDyne, Inc.
American Industrial Partners (“AIP”) announced today that it has acquired RelaDyne, Inc. from Audax Private Equity (“Audax”).
Matrix Announces the Successful Sale of Jack’s Convenience Stores
Matrix Announces the Successful Sale of Jack’s Convenience Stores Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised
Brewer-Hendley Oil Company Partners with Cadence Petroleum Group
Brewer-Hendley Oil Company Partners with Cadence Petroleum Group Cadence Petroleum Group continues its expansion with the acquisition of Brewer-Hendley Oil Company. Brewer-Hendley is a 2nd
Matrix Announces the Sale of Haywood Oil Company, Inc.’s (d/b/a Peak Energy) Convenience Retail, Petroleum Marketing and Wholesale Fuels Business
Matrix Announces the Successful Sale of Haywood Oil Company, Inc.’s (d/b/a Peak Energy) Convenience Retail, Petroleum Marketing and Wholesale Fuels Business Matrix Capital Markets Group,
Matrix Announces the Successful Sale of Slidell Oil Company, LLC
Matrix Announces the Successful Sale of Slidell Oil Company, LLC Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces the successful closing
Valor Oil acquires Ford’s Fuel Service, Inc of Loris, SC
Valor Oil acquires Ford’s Fuel Service, Inc of Loris, SC Valor Oil announces the purchase of Loris, SC based Ford’s Fuel Service, Inc. assets effective
ExxonMobil Revisits its Recent Lubricant Price Increase
ExxonMobil Revisits its Recent Lubricant Price Increase ExxonMobil notified marketers that it recently conducted a review of market conditions, including the recent decreases in base
Calumet Set to Decrease Base Oil Posting
Calumet Set to Decrease Base Oil Posting Calumet Specialty Products Partners announced it will decrease the posted prices of its paraffinic base oils, effective September
Motiva and Chevron Announce Base Oil Price Decreases
Motiva and Chevron Announce Base Oil Price Decreases Chevron Announces Base Oil Price Decrease Chevron announced it will decrease the posted price of its base
More Base Oil and Lube Increases
More Base Oil and Lube Increases Motiva Announces Base Oil Price Increase Motiva announced it will increase the posted price of Group II base oil
More Price Increases
More Price Increases ExxonMobil Set to Increase Lubricant Prices in July ExxonMobil announced it will increase the price of its branded lubricants by up to
ExxonMobil Announces Base Oil Increase
ExxonMobil Announces Base Oil Increase Blenders got word today that ExxonMobil will increase the posted price of base oils as follows. The adjustment is effective
SOPUS Announces Increase, combines with previous
SOPUS Announces Increase, combines with previous SOPUS (Pennzoil-Quaker State Company) announced it will implement a price increase of up to 15%, effective June 15, 2022. This increase
ExMo, CAM2, Smitty’s, and Sinclair Announce Increases, PennStar Revises Previous
ExMo, CAM2, Smitty’s, and Sinclair Announce Increases, PennStar Revises Previous ExxonMobil will be implementing a finished lubricant price increase of up to 10%. The adjustment
More Lubricant Price Adjustments
Reliance Fluid Technologies (RFT) , Chemlube International, Advanced Lubrication Specialties announce lubricant price increases, and Highline Warren revises the amount and timing of the increase it announced on May 9th
Motiva Announces Increase in Base Oil Postings
Blenders got word this morning that Motiva will increase the posted price of base oil. The effective date of the adjustment is May 13, 2022. As shown in the chart below, this is the fourth price adjustment Motiva announced in 2022, and Motiva is not alone.
SOPUS Announces Lubricant Price Increase
SOPUS Announces Lubricant Price Increase Today, SOPUS advised its marketers that it will implement an increase on the list prices for finished lubricants by up
Base oil prices move up – 3rd time in 2022
Blenders report that they got word the posted price of base oils are once again moving up. This is the third round of base oil price adjustments in 2022.
Calumet and Warren Oil Announce Increases
Calumet and Warren Oil Announce Increases Calumet announced it will be implementing a price increase by up to 15% on finished lubricants, effective April 25, 2022.