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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.
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 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.
The decision by Phillips 66 this week to shutter its refinery in Wilmington next year will wipe out more than 8% of the state's crude oil processing capacity. Another refinery shuts down in ...
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.
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 ...
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 ...
The California oil and gas industry has been a major economic and cultural component of the US state of California for over a century. Oil production was a minor factor in the 19th century, with kerosene replacing whale oil and lubricants becoming essential to the machine age.