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The company was founded in May 1967 as the first private oil company in Korea. [1] [2] The company changed its name from LG-Caltex Oil Corporation to GS Caltex Corporation in 2005 as part of the GS Group split from LG Corporation. [3] GS Caltex exports petroleum, petrochemical, and lubricant products to 57 countries (as of 2022). [citation needed]
Caltex is a petroleum brand name of Chevron Corporation used in the Asia-Pacific region, the Middle East, and Southern Africa. [1] Headquartered in Singapore, it is also the brand name of non-Chevron petroleum companies in some countries (such as New Zealand, and previously Australia and South Africa) under a trademark licensing agreement with Chevron.
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 ...
As part of the agreement between EG Group and Woolworths, EG Ampol (formerly Caltex Woolworths) service stations continue to offer a 4¢ per litre discount off the pump price for customers who present a fuel voucher in the form of a docket, their Everyday Rewards loyalty card (formerly Woolworths Rewards) or their Everyday Rewards app, obtained after spending a qualifying amount of $30 or more ...
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West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX).
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