Exxon Mobil begins production at new base stock facilities in Singapore

Core Viewpoint - Exxon Mobil Corp has commenced production at new facilities within its Singapore oil refinery complex, focusing on the production of base stocks from residue fuel [1] Company Summary - Exxon Mobil Corp has initiated operations at its newly established facilities in Singapore [1] - The new facilities are designed to convert residue fuel into base stocks, which are essential for various industrial applications [1] Industry Summary - The production of base stocks from residue fuel indicates a strategic move within the oil refining industry to enhance product offerings and meet market demands [1] - This development may reflect broader trends in the industry towards optimizing refinery outputs and improving efficiency [1]