Shell notified U.S. customers this week that prices for its finished lubricants will generally increase by up to 5 percent effective Feb. 20. The company attributed the adjustment in part to increasing costs of raw materials used in the production and delivery of its products. Read More
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HollyFrontier Makes Senior Management Changes
HollyFrontier announced changes to its management team related to its pending acquisition of Suncor Energy’s Petro-Canada Lubricants. Mark Plake will resign as president of subsidiary Holly Logistics Services to preside over Petro-Canada Lubricants. President and CEO of HollyFrontier George Damiris will take Plake’s role. Richard Voliva III will be promoted to executive vice president and CFO of HollyFrontier, effective March 1. He replaces Douglas Aron, who will pursue work outside the company but provide consulting and transition services through the end of the year.