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The company's main business is providing fueling services for ships in port. They buy fuel oil from various suppliers, transport, store and blend them and finally deliver to oceangoing ships, containers, tanker fleets, time charter operators and marine fuel traders. It was listed on Singapore Exchange Securities Trading Limited on 14 December ...
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 ...
MGO (Marine gas oil) - Roughly equivalent to no. 2 fuel oil, made from distillate only MDO ( Marine diesel oil ) - Roughly equivalent to no. 3 fuel oil, a blend of heavy gasoil that may contain very small amounts of black refinery feed stocks, but has a low viscosity up to 12 cSt so it need not be heated for use in internal combustion engines
The closure is likely to increase California's already high prices at the gas pump, given that much of the replacement gasoline will be shipped in by ocean vessel, analysts say.
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Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
Gas prices in the United States have slid from their all-time peak in fall 2022, but there are drivers in at least one state who still pull up to the pump and cringe. The current average gas price ...
The Platts assessment process determines the value of physical commodities 15–30 days forward for many oil products loading in Singapore. [1]MOPS is an acronym that stands for the Mean of Platts Singapore, and typically refers to any contract mechanism that derives its value by referencing the average of a set of Singapore-based oil price assessments published by Platts.