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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.
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 ...
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 ...
Oil spills involving Mazut have unique harmful effects on marine environment as the fuel-oil solidifies at 25°C [5] and sinks to the ocean floor making it impossible to chemically remediate. [6] On the 15th December 2024, two oil-tankers crashed in the Kerch Strait resulting in 5,000 tonnes of Mazut entering the environment known as the 2024 ...
Gas prices in South Florida. Miami-Dade: The average price: $3.45 a gallon, an increase of 7.9 cents from last week, according to GasBuddy’s survey of nearly 1,700 stations in the region ...
Gas prices in South Florida. Miami-Dade: The average price: $3.10 a gallon, down 5.6 cents from last week, according to GasBuddy’s survey of nearly 1,700 stations in the region. Cheapest gas 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.
An oil spill affecting Singapore has spread beyond a luxury beach resort to a marine reserve and other parts of the island as the authorities intensify cleanup efforts.