01 August 2012 10:13 [Source: ICIS news]
SINGAPORE (ICIS)--Oil major ExxonMobil will reduce prices of its Group I base-oil term supply to its customers in ?xml:namespace>
The company’s Group I SN150, SN500 and brightstock prices will each be reduced by $60/tonne from the prices on 20 July to $1,140/tonne ex-tank
The current price reduction is prompted by a lack of firm buying interest in
The last time the company reduced its prices was on 20 July.
ExxonMobil declined to comment when asked about the price cuts.
($1 = €0.81)
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