This document discusses the petroleum industry in Singapore. It outlines that the petroleum industry is an oligopoly comprised of four main companies - Shell, Esso, Caltex, and SPC. These companies engage in price leadership, where one company will initiate a price change and the others will follow. The document also examines factors that influence demand and supply in the petroleum industry such as agreements among producers, changes in income, the number of suppliers, and changes in complementary goods and services.