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Chemoil Energy Limited is an oil trading company incorporated in Hong Kong and has its headquarters in Singapore. The company is amongst the largest independent physical suppliers of marine fuel products in the world. It has physical operations in Los Angeles, New York, Houston, Singapore, Panama and the Amsterdam-Rotterdam-Antwerp (ARA) region.
LSMGO - Low-sulfur (<0.1%) Marine Gas Oil - The fuel is to be used in EU Ports and Anchorages. EU Sulfur directive 2005/33/EC; ULSMGO - Ultra-Low-Sulfur Marine Gas Oil - referred to as Ultra-Low-Sulfur Diesel (sulfur 0.0015% max) in the US and Auto Gas Oil (sulfur 0.001% max) in the EU. Maximum sulfur allowable in US territories and territorial ...
Heavy fuel oil (HFO) is a category of fuel oils of a tar-like consistency. Also known as bunker fuel, or residual fuel oil, HFO is the result or remnant from the distillation and cracking process of petroleum. For this reason, HFO contains several different compounds that include aromatics, sulfur, and nitrogen, making emissions upon combustion ...
It is also Asia’s largest physical oil trading hub. Additionally, it is home to the world’s largest bunkering port and the world's two largest oil rig builders SembCorp Marine and Keppel Corporation. [5] Singapore traded 21% of the world market of more than 213 million metric tons of bunker fuel in 2019. [6]
Tapis crude is a Malaysian crude oil used as a pricing benchmark in Singapore. Tapis is very light, with an API gravity of 43°-45°, and very sweet , with only about 0.04% sulfur. [ 1 ] [ 2 ] While it is not traded on a market like Brent Crude or West Texas Intermediate (WTI), it is often used as an oil marker or price referencing indicator ...
An oil spill affecting Singapore has spread beyond a luxury beach resort to a marine reserve and other parts of the island nation as authorities intensify cleanup efforts.
Daily oil consumption by region from 1980 to 2006. This is a list of countries by oil consumption. [1] [2] In 2022, the International Energy Agency (IEA) announced that the total worldwide oil consumption would rise by 2% [3] year over year compared to 2021 despite the COVID-19 pandemic. [citation needed]
An oil spill caused by a dredger boat hitting a stationary cargo tanker has blackened part of Singapore’s southern coastline, including the popular resort island of Sentosa, and sparked concerns ...