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Chemoil was founded by Indian businessman Robert Chandran in the state of California in 1981. It then expanded operations to Houston in 1986 and to New York in 1997. In 1997, Itochu Corporation purchased 50% of ownership of Chemoil. In 1998 Chemoil entered Europe having its office in Rotterdam. It expanded to Singapore in 2000 and Panama in 2003.
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
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
According to data from the U.S. Energy Information Administration, the highest gas prices under Biden came in June 2022 when the average price of gas in the U.S. hit $5.03 a gallon. Gas prices ...
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.
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 ...
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 ...
Story at a glance A new report from the nongovernmental organization Food and Water Watch details the extent to which both the agriculture and oil and gas industries impact water stability in ...