Most major oil producers and small oil suppliers have claimed that in the next few weeks up oil prices, or as high as 11 percent. Most of the reasons for the rising costs for raw materials, such as increased operating costs.
December 6, through licensing wins (Valvoline) customers understand that wins licence will increase all its oil, grease product prices, or 11 percent, in the January 21, 2008 implementation. The reasons for price increases: base oil, additives and other raw materials and transportation costs increase.
BP U.S. Jiashi more (Castrol) lubricants in the November 29 announced that all of its passenger car lubricants, commercial vehicle lubricants, industrial lubricants and other ancillary products of all packaging specifications of the product price increases, or 2% to 10% On January 28, 2008 implementation.
November 16, ConocoPhillips (ConocoPhillips) sent a letter to its customers, they will raise the prices of all varieties lubricants, or 1 percent to 9 percent in the December 21 implementation. Over the past 12 months, we limit the market order in the original order of 125%.
ExxonMobil (ExxonMobil) on November 19 announced the increase of all conventional products and synthetic lubricants resin prices, or at 3% to 8% in January 1, 2008 fully implemented. Rose reasons: base oil, additives continued to rise packaging costs, etc. Lubricants factors have led to increased costs
Ge-iron (Citgo) on November 19 that they will increase all the series of finished lubricants brand products, including lubricants bulk goods, the growth rate as high as 10 percent, to January 1, 2008 fully implemented. The reason is that prices of raw materials products increased.
Shell (shell) Lubricating Oil Company on November 13 issued a circular, announced that its product prices rose to 10 percent in the January 14, 2008 implementation. The reason is that prices of raw materials and products increased logistics costs. Shell oil company also said its customers have the right to reduce or release the number of procurement, to ensure market supply, but also the right to cancel the past year monthly increase of 110% of customer orders.
Chevron (Chevron) company announced on November 9, the increase for all of its oil product prices, or 5 percent to 9 percent increase of all gear oil, gear fat product to 3% to 5%. In the December 10 implementation. Rose reasons: rising crude oil, resulting in lubricants, grease the raw materials and transportation costs increase.
Some U.S. lubricants supplier of small price increases have begun operations, including Warren Oil, Safety-Kleen and Cam2 international companies.
November 30, Safety-Kleen announced that oil price increase of refined oil, rose 8 percent to 10 percent in the January 1, 2008 implementation. Reason: base oil, additives rising, an increase of the cost of oil products.
November 9, Warren Oil will increase all its bulk oil prices, up 20 cents per gallon, in the November 26 implementation, because they all received during the previous two weeks based on the oil price hike news.
Cam2 international companies on November 9 that the bulk of oil per gallon, up 20 cents, in the November 23 implementation. And that the international reasons, based on oil, increase the costs of raw materials rose, hope that all our customers to understand and maintain business relations. |
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