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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.
esso.com. Esso ( / ˈɛsoʊ /) is a trading name for ExxonMobil. Originally, the name was primarily used by its predecessor Standard Oil of New Jersey after the breakup of the original Standard Oil company in 1911. [ 1] The company adopted the name "Esso" (the phonetic pronunciation of Standard Oil's initials, ' S ' and ' O '), [ 2] to which ...
WEPEC Dalain Refinery, 200,000 bbl/day. Sinopec Jinan Company, 21,000 bbl/day. Sinopec Qilu Company Refinery, 195,000 bbl/day. Sinopec Shanghai Gaoqiao Oil Refinery, 220,000 bbl/day. Sinopec Tianjin Company Refinery, 100,000 bbl/day. China National Petroleum Corporation ( PetroChina) Dushanzi Refinery, 120,000 bbl/day.
SPC, with equal partner Chevron Corporation (who also owns Caltex), owns half of the 285,000 barrels per day (45,300 m 3 /d) Singapore Refining Company (SRC) plant, a complex refinery capable of cracking crude oil.
Singapore is described as "the undisputed oil hub in Asia". The oil industry is responsible for some five percent of the country's gross domestic product (GDP). [ 1] It generated an estimated S$ 57 billion dollars in 2009. Technology used for oil refinement and trading centres in Singapore is on the cutting edge, and many well-established ...
The average price in 2012 was $3.618 per US gallon ($0.96/L), the highest ever yearly average as of 31 December 2012. As of 31 December 2012, the average price of gasoline was $3.298/US gal ($0.87/L), with New York at $3.70/US gal ($0.98/L) for the highest in the US, and Colorado at $2.987/US gal ($0.79/L) for the lowest.
The natural gas sector is pivotal in both the energy and industrial sectors in Singapore. It fueled 93.9% of the total electricity generation in 2021—an 804% rise since 2000. Additionally, the industrial sector, which mainly uses natural gas for chemicals and plastics production, accounted for 89% of its final consumption.
It was also determined that for a viable retail petrol operation in Singapore, a new entrant would need to operate minimally 30 sites, which is hard to achieve at the average rate of 2.4 new tenders per anuum. [25]