Got these useful images / info from another platform. Just sharing them here.
NYMEX 3:2:1 Crackspread...
Left: other various crack spreads and public listed oil refiners recent performance
Right: how to play the game
Hope this is useful.
Chart | Stock Name | Last | Change | Volume |
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Quoting from the news below: MRPL, the largest oil refinery company in India, said that 1 USD increase in GRM (Gross refinery margin) is equivalent to 25% increase in EDITDA, wonder if HY enjoys similar margin as well?
https://www.moneycontrol.com/news/business/markets/mrpl-to-capitalise-on-strengthened-singapore-grms-md-m-venkatesh-8383251.html/amp
2022-05-09 15:17
Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said on Monday the gap between crude prices and prices for jet fuel, diesel and gasoline was around 60% in some cases due to lack of investment in refining capacity.
https://www.reuters.com/world/middle-east/saudi-energy-minister-says-gap-between-crude-prices-fuel-mobility-prices-around-2022-05-09/
2022-05-09 22:55
"Refinery margins could nearly double and be sustained at high levels for the next half-decade, with global fuel markets seeing sustained lower supply due to a lack of investments," the brokerage stated.
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Global research firm Morgan Stanley on Monday said that Reliance Industries Ltd is on a path towards a $20 billion-plus EBITDA
https://www.livemint.com/companies/news/ril-to-clock-20-bn-plus-ebitda-by-end-2022-says-morgan-stanley-11652095391914.html
2022-05-09 23:46
information
which IB published the right hand side information? Just came out?
2022-05-08 23:55