Effective April 15, Spike Will Affect Finished Lubricants, Greases, and Specialty Products Citing “intense inflationary pressure” due to increased costs across the board, some major suppliers have announced yet another price increase of up to 25% effective April 15 on finished lubricants, greases, and specialty products. The move, which comes... Read More +
Ongoing increases in raw materials, significant hikes in packaging, freight get the blame On the heels of a dual increase on DEF in January 2022, suppliers have responded to a volatile market and continued cost hikes across the board with another increase ranging from 15% to 25% on finished lubricants... Read More +
Find Out Who Comes Out on Top When Price Increases Are Handed Down In the wake of price increases on finished lubricants, it’s important to understand not only the causes of those increases but also who the true winners and losers are when they occur. About 80% of domestic oil... Read More +
Continued Rising Costs in Manufacturing Cited for Increase of Up to 12% According to a new round of announcements by manufacturers, pricing for all finished lubricants, greases, chemicals, coolants, and antifreezes will increase up to 12% beginning May 17. The third price increase announcement of the year is attributed to... Read More +
New Pricing on All Finished Lubricants Effective on April 12 Due to unfortunate market conditions relating to recent weather, logistical challenges, and rising costs of raw materials, oil manufacturers have announced an increase on finished lubricants effective April 12, 2021. The recent freeze forced refinery closures throughout Texas and created... Read More +
SCL Customers Can Lock in Current Pricing by Ordering Now Through October 25 For the second time in 2020, major oil suppliers have announced hikes of up to 10% on finished lubricants effective October 26, breaking the tradition of increasing prices only once annually. An increase in the cost of... Read More +
Shipping Delays, Disruptions in Manufacturing and Logistics Already Being Felt As China and now several other countries continue to experience devastating health effects of the coronavirus, impact is also being felt among American businesses, including automotive, manufacturing and oil. As industries across the board experience shipment delays and disruptions in... Read More +
What You Need to Know to Stay Prepared in the Face of Unpredictibility While questions surrounding weekend drone attacks on a Saudi Arabian oil facility and a nearby oil field continue to arise, there’s one fact that remains relatively unquestioned: the destruction of one of the world’s largest processors of... Read More +
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