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According to a report by ExxonMobil, diesel will surpass petrol as the number one transportation fuel worldwide by 2020 and continue to increase its share through 2040. The shift from petrol is being propelled by an increase in light-duty engine efficiency and an expansion in commercial transportation globally. Fuel demand by heavy-duty vehicles will see the greatest growth and accounts for 40% of all transportation demand by 2040. Approximately 80% of the growth in the demand for commercial transport will come from developing nations. On the other hand, demand for petrol will be relatively flat despite the doubling of global personal vehicle population from more than 800 million vehicles at present to more than 1.6 billion in 2040. The rise in popularity of diesel personal vehicles can be observed right here in Singapore due to the CEVS, and reduction of Special Diesel Tax for cars that meet the Euro V emission standard. In 2040, we may end up seeing more diesel pumps than petrol ones in our gas stations.

ST Forum ExxonMobil explains pump pricing WE UNDERSTAND Mr Lim Kia Cheh's concerns ('Pump prices quick to rise, slow to fall', Forum Online; Aug 13). Pump prices do not rise or fall at the same time or magnitude as crude prices because pump prices are affected by a combination of factors, of which crude prices are but one of these many factors. Commodity and product prices, while linked, also have different supply and demand dynamics. In addition to market competition, fuel prices are determined by a number of other factors, including wholesale fuel prices (which may be different to crude oil prices), taxes and other operating costs. Some Competition Commission of Singapore staff had recently carried out an in-depth, independent study into the fuel retailing market in Singapore. Part of the study included an econometric analysis on the retail petrol prices to test if the 'rocket-and-feather' (where prices rise more or faster than they fall) phenomenon exists and they found that the results do not support the existence of such a phenomenon. Loh Pin Chuan Public and Government Affairs Manager ExxonMobil Asia Pacific

Source: 1) http://sg.news.yahoo.com/afp/20080731/tts-...il-972e412.html 2) http://sg.news.yahoo.com/afp/20080731/tts-...gs-cac1e9b.html

in today's ST forum: March 27, 2008 PUMP PRICE HIKES Competition keen in Singapore, says ExxonMobil WE REFER to the letters, 'Pump prices - eight hikes in eight months' by Mr Benjamin Tay last Thursday and 'Price hikes: Oil firms should speak up ' by Ms Lim Li Ching on Monday regarding pump prices. We fully understand the concern motorists are feeling over high pump prices. We have spoken up in the past and take this opportunity to clarify the points raised in the letters. Pump prices are affected by many factors. A key component which makes up about 50 per cent of pump prices is the cost of petrol and diesel. This cost, known as wholesale fuel prices, is traded internationally at commodity markets and is not set by ExxonMobil. Like other internationally traded commodities, wholesale fuel prices are the result of the actions of thousands of buyers and sellers operating in a global marketplace to efficiently allocate available supplies for competing uses. The same applies to crude oil prices. Our refinery in Singapore purchases over 90 per cent of the crude oil it processes from third parties and is subject to market fluctuations. Wholesale fuel prices, although a key component, are not the only determinant of retail pump prices. The other factors are taxes and duties which make up about 30 per cent of pump prices, and the remaining 20 per cent comes from land, operating costs and margins. We operate in an intensely competitive retail market in Singapore. Competition is beyond pricing and we also compete by investing heavily in our Smiles loyalty programme and recently completed our alliance project with NTUC FairPrice, bringing more value and convenience to our customers. High prices raise our awareness of the importance of saving energy and changing our behaviour. Some good ways for motorists to improve fuel efficiency include avoiding aggressive driving; planning your trips in advance; and inflating your cars' tyres to the right pressure. Switching to a fuel grade recommended by your cars' manufacturers also helps. We have noticed that more than 10 per cent of our customers have switched from 98 octane petrol to the lower 95 octane petrol over the past two years. Our website at www.exxonmobil.com.sg has more energy-saving tips. Lastly, we wish to state categorically that we at ExxonMobil support free and fair competition. As a company policy worldwide, we do not discuss prices nor market segmentation with competitors. We also do not subscribe to nor support any anti-competitive activities. xxx Singapore Retail Sales Manager ExxonMobil Asia Pacific Pte Ltd

AFX News Limited ExxonMobil Malaysia units sued by service station associations - report 06.06.07, 9:25 PM ET KUALA LUMPUR (XFN-ASIA) - Associations representing some 440 Malaysian service station operators are suing ExxonMobil units Esso Malaysia Bhd and ExxonMobil Malaysia Sdn Bhd, claiming that they were forced to sign a new licensing agreement, the New Straits Times reported. Mobil Petrol Station Dealers Association of Malaysia president Zulkifli Mokti was quoted as saying the service station operators are seeking compensation of 44 mln rgt, alleging 'harassment' and 'mental anguish.' The associations are also seeking 1 mln rgt fro every service station that was forced to close as a result of the new agreement. The new agreement, terms of which were not disclosed, is currently subject to a court injunction. (1 usd = 3.40 rgt) http://www.forbes.com/business/feeds/afx/2...afx3796467.html

Mobil Clean 5000 for 5k miles OCI. Comes in 5W20, 5W30, 10W30 and 10W40. Mobil Clean 7500 for 7.5k miles OCI. Comes in 5W20, 5W30 and 10W30. Mobil 1 Extended Performance for 15k miles OCI. Comes in 5W30, 10W30, 10W40 and 15W50. There is also Mobil Clean High Mileage for engines with more than 75000 engine miles. See details in their website: http://www.mobiloil.com/...orOil/Oils/Oils.aspx Mobil is so sure of its design and that these oils exceed most engine specs that all these oils carry a warranty. 5k will carry a 5k or 6mth warranty while 7.5k will carry a 7.5k warranty and so forth.

Source Link: http://news.yahoo.com/s/ap/20070103/ap_on_..._global_warming Wed Jan 3, 2:15 PM ET WASHINGTON - ExxonMobil Corp. gave $16 million to 43 ideological groups between 1998 and 2005 in a coordinated effort to mislead the public by discrediting the science behind global warming, the Union of Concerned Scientists asserted Wednesday. ADVERTISEMENT The report by the science-based nonprofit advocacy group mirrors similar claims by Britain's leading scientific academy. Last September, The Royal Society wrote the oil company asking it to halt support for groups that "misrepresented the science of climate change." ExxonMobil did not immediately respond to requests for comment on the scientific advocacy group's report. Many scientists say accumulating carbon dioxide and other heat-trapping gases from tailpipes and smokestacks are warming the atmosphere like a greenhouse, melting Arctic sea ice, alpine glaciers and disturbing the lives of animals and plants. ExxonMobil lists on its Web site nearly $133 million in 2005 contributions globally, including $6.8 million for "public information and policy research" distributed to more than 140 think-tanks, universities, foundations, associations and other groups. Some of those have publicly disputed the link between greenhouse gas emissions and global warming. But in September, the company said in response to the Royal Society that it funded groups which research "significant policy issues and promote informed discussion on issues of direct relevance to the company." It said the groups do not speak for the company. Alden Meyer, the Union of Concerned Scientists' strategy and policy director, said in a teleconference that ExxonMobil based its tactics on those of tobacco companies, spreading uncertainty by misrepresenting peer-reviewed scientific studies or cherry-picking facts. Dr. James McCarthy, a professor at Harvard University, said the company has sought to "create the illusion of a vigorous debate" about global warming.

According to petrolwatch.com.sg, ExxonMobil just U-turn on the price increase . If I'm not wrong, it is the 2nd time they've increased price this year and nobody follows and they have to U-Turn Really Joke of the year