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The Raw Material Report

Rising crude oil prices have led to cost increases that practically span the raw material spectrum.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Last summer, when oil prices nearly doubled to $21 per barrel, many industry leaders felt that price increases for products dependent upon crude oil may indeed have to happen. However, for the most part, they held out hope that prices for oil, which is a critical component for numerous key supplies to the printing ink industry, would come down. One year later, it has become clear that crude oil prices are not coming down. Rather, prices for crude oil have soared past $30 a barrel. As a resu...

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