The base oil market slipped into an easy-going summer mode in late July and early August. Demand reflected a seasonal slowdown, and posted prices underwent little fluctuation, with the exception of a decrease in late July. Chevron communicated a price cut of 20 cents per gallon for all of its API Group II base stocks on July 23, effectively rescinding the 20-cent price increase it had posted on July 2.
展开▼
