Hi HY and PetronM traders, just sharing a good informations extracted from another platform.
Attached are the crack spread of:
- Singapore Gas-Brent Crack
- Nymex 321 crack
- Tapis crack
link for clear picture: https://my.stockbit.com/post/8631550
Not particularly sure which defines the 2 Malaysian oil refiners best, regardless, all of them remains at decades high levels..
Additionally, Citibank also recently publish research report. Here's an extract.
Quoting the report:
CURRENT RECORD MARGINS IN REFINING TO SURPASS MARKET EXPECTATIONS AT LEAST THROUGH 2Q AND 3Q.
2Q IS SHAPING UP TO BE A PEAK THAT SURPASSES ANYTHING WE HAVE SEEN BEFORE.