ExxonMobil raises term prices of most base oil grades by $30/tonne

17 April 2013 10:11  [Source: ICIS news]

SINGAPORE (ICIS)--Energy major ExxonMobil will raise its ex-tank Singapore term prices for its Group I and II base oils, with the exception of the SN150 grade, by $30/tonne (€23/tonne) from 2 May this year, buyers said on Wednesday.

“All grades will see a price hike of $30/tonne, but SN150 prices will remain unchanged,” a blender in Singapore said.

ExxonMobil notified buyers of its decision to raise its term prices on 16 April, sources told ICIS.

The refiner previously raised its term prices on 4 April.

ExxonMobil could not be immediately reached for comment.

($1 = €0.76)

By: Serena Seng

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