China plans to add at least 2.5 million bpd of refining capacity by 2020, according to a recent presentation from China Petroleum & Chemical Corp, or Sinopec. Sinopec is Asia’s biggest oil refiner and the parent of Unipec.

PE 2 is abt right

Super unusual crack won't last

Super profit wil not last long

Price of things China stop producing due to pollution all gone up

But now China bigger n clean production factory r coming on line

Price of things China produce wil all come down if not crash

Price of things China stop producing due to pollution all gone up

But now China bigger n clean production factory r coming on line

Price of things China produce wil all come down if not crash

Crack gone up last year or two due to China crack down on small n pollution refiners
Now China modern n efficient n clean n big refiners r coming on line
Crack wil b back to during Shell time
Big global Shell has a better grasp of world oil or tat Shadong oil co u think?

Crack gone up last year or two due to China crack down on small n pollution refiners
Now China modern n efficient n clean n big refiners r coming on line
Crack wil b back to during Shell time
Big global Shell has a better grasp of world oil or tat Shadong oil co u think?

Global refiners brace themselves as China cements its oil market dominance
by Jessica Jaganathan and Florence Tan, reuters.com
August 4, 2017

SINGAPORE/BEIJING (Reuters) - China is on pace to overtake the United States as the world’s biggest oil importer this year, cementing its status as Asia’s most pivotal oil market actor that will increasingly dominate the region’s fuel trade.

For the first time, China imported more crude oil in the first half of the year than the U.S., government statistics showed. China averaged 8.55 million barrels per day (bpd) versus 8.12 million bpd in the U.S., a trend that is expected to last.

The shift highlights the change in the center of gravity in global oil markets from West to East. Chinese state-run oil trader Unipec is now the world’s biggest physical oil trader. By drawing more of the world’s oil to its shores, China, the second-biggest oil consumer after the U.S., will play a crucial role in setting the global price of the commodity, especially as the crude futures market in Shanghai develops.

China’s import surge is being driven by the expansion of its refinery capacity. But, as the domestic demand has not materialized to soak up the fuel supply, China’s exports of gasoline and diesel have climbed to record highs. This flood of products has caused headaches for competitors across Asia and depressed diesel profit margins to multi-year lows in 2016.

“China is putting a lot of pressure on the traditional export hubs of Taiwan, Korea and Singapore to capture the market share within Southeast Asia and Australia,” said Joe Willis, senior research analyst, Asia refining, at energy consultancy Wood Mackenzie.

The trend of more refining capacity and higher exports is set to continue.

China plans to add at least 2.5 million bpd of refining capacity by 2020, according to a recent presentation from China Petroleum & Chemical Corp, or Sinopec. Sinopec is Asia’s biggest oil refiner and the parent of Unipec.

This year, PetroChina Ltd will start a 260,000 bpd refinery in Yunnan in southern China while China National Offshore Oil Corp will start up a 200,000 bpd expansion at its existing Huizhou plant in Guangdong province. The start ups will add 350,000 bpd of new Chinese capacity in 2017 though both plants will not reach full capacity until 2018.

Exports of gasoline from China are expected to increase by at least 10,000 barrels per day this year from 2016, driving overseas gasoline sales to between 235,000 bpd and 240,000 bpd this year and about 330,000 bpd in 2018, estimates from consultants FGE and Wood Mackenzie showed.

Unipec is leading the way in targeting new overseas markets, moving jet fuel from Singapore to northwest Europe in June for the first time in several years. Meanwhile, Chinese diesel shipments in 2017 have more than doubled to France, more than quadrupled to Italy and the country shipped diesel to Kenya for the first time this year.

HIGH QUALITY FUEL
Export-oriented refiners in Singapore, South Korea and Taiwan will be most affected by the Chinese competition.

“We’re trying to diversify and find new markets by increasing the number of our customers in existing countries,” a South Korean refining source said, declining to be named as he was not authorized to speak with the media.

“It’s affecting Korean refiners as we are having one more player in the market.”

Japanese and Indian refiners will be less affected.

China and India have eclipsed Japan as Asia’s biggest oil consumer. Japanese refiners are consolidating capacity because of a falling population and the increasing use of alternative fuels in the power and transportation sector has cut oil consumption.

Meanwhile, Indian refiners are focusing on meeting soaring domestic demand.

China’s new modern refineries are competing with the region’s exporters in producing fuels for countries with stringent fuel standards such as Australia. Diesel exports to Australia climbed seven-fold to 850,000 tonnes in 2016 and are on pace to nearly match that level this year.

A slowdown in Chinese domestic fuel demand as people use more electric vehicles or co-share bicycles and scooters has pushed refiners to export more gasoline.

China’s gasoline demand is expected to slow to 3.5 to 4 percent in 2017 compared with last year’s 6.5 percent growth, said Sri Paravaikkarasu, head of East of Suez oil at FGE.

Sales growth for automobiles, mainly powered by gasoline, has slowed to 0.7 percent in the first half of 2017, compared with 8.7 percent a year ago, while those powered by alternative fuels grew 52.9 percent, BMI Research said.

Global refiners brace themselves as China cements its oil market dominance

by Jessica Jaganathan and Florence Tan, reuters.com
August 4, 2017

SINGAPORE/BEIJING (Reuters) - China is on pace to overtake the United States as the world’s biggest oil importer this year, cementing its status as Asia’s most pivotal oil market actor that will increasingly dominate the region’s fuel trade.

For the first time, China imported more crude oil in the first half of the year than the U.S., government statistics showed. China averaged 8.55 million barrels per day (bpd) versus 8.12 million bpd in the U.S., a trend that is expected to last.

The shift highlights the change in the center of gravity in global oil markets from West to East. Chinese state-run oil trader Unipec is now the world’s biggest physical oil trader. By drawing more of the world’s oil to its shores, China, the second-biggest oil consumer after the U.S., will play a crucial role in setting the global price of the commodity, especially as the crude futures market in Shanghai develops.

China’s import surge is being driven by the expansion of its refinery capacity. But, as the domestic demand has not materialized to soak up the fuel supply, China’s exports of gasoline and diesel have climbed to record highs. This flood of products has caused headaches for competitors across Asia and depressed diesel profit margins to multi-year lows in 2016.

“China is putting a lot of pressure on the traditional export hubs of Taiwan, Korea and Singapore to capture the market share within Southeast Asia and Australia,” said Joe Willis, senior research analyst, Asia refining, at energy consultancy Wood Mackenzie.

The trend of more refining capacity and higher exports is set to continue.

China plans to add at least 2.5 million bpd of refining capacity by 2020, according to a recent presentation from China Petroleum & Chemical Corp, or Sinopec. Sinopec is Asia’s biggest oil refiner and the parent of Unipec.

This year, PetroChina Ltd will start a 260,000 bpd refinery in Yunnan in southern China while China National Offshore Oil Corp will start up a 200,000 bpd expansion at its existing Huizhou plant in Guangdong province. The start ups will add 350,000 bpd of new Chinese capacity in 2017 though both plants will not reach full capacity until 2018.

Exports of gasoline from China are expected to increase by at least 10,000 barrels per day this year from 2016, driving overseas gasoline sales to between 235,000 bpd and 240,000 bpd this year and about 330,000 bpd in 2018, estimates from consultants FGE and Wood Mackenzie showed.

Unipec is leading the way in targeting new overseas markets, moving jet fuel from Singapore to northwest Europe in June for the first time in several years. Meanwhile, Chinese diesel shipments in 2017 have more than doubled to France, more than quadrupled to Italy and the country shipped diesel to Kenya for the first time this year.

HIGH QUALITY FUEL

Export-oriented refiners in Singapore, South Korea and Taiwan will be most affected by the Chinese competition.

“We’re trying to diversify and find new markets by increasing the number of our customers in existing countries,” a South Korean refining source said, declining to be named as he was not authorized to speak with the media.

“It’s affecting Korean refiners as we are having one more player in the market.”

Japanese and Indian refiners will be less affected.

China and India have eclipsed Japan as Asia’s biggest oil consumer. Japanese refiners are consolidating capacity because of a falling population and the increasing use of alternative fuels in the power and transportation sector has cut oil consumption.

Meanwhile, Indian refiners are focusing on meeting soaring domestic demand.

China’s new modern refineries are competing with the region’s exporters in producing fuels for countries with stringent fuel standards such as Australia. Diesel exports to Australia climbed seven-fold to 850,000 tonnes in 2016 and are on pace to nearly match that level this year.

A slowdown in Chinese domestic fuel demand as people use more electric vehicles or co-share bicycles and scooters has pushed refiners to export more gasoline.

China’s gasoline demand is expected to slow to 3.5 to 4 percent in 2017 compared with last year’s 6.5 percent growth, said Sri Paravaikkarasu, head of East of Suez oil at FGE.

Sales growth for automobiles, mainly powered by gasoline, has slowed to 0.7 percent in the first half of 2017, compared with 8.7 percent a year ago, while those powered by alternative fuels grew 52.9 percent, BMI Research said.

themagicianmerlin knn hw come never reply

Paktua

Let gut guide the head..
he he...

I did d same w Perdana
Now aiming for 100% profit


OrlandoOIL invest kau kau in Perdana basing on gut feeling n sentimental value
03/01/2018 09:50

OrlandoOIL U can c I m buying kau kau
03/01/2018 09:50

300% profit is my personal target

Can't ignore anymore
Sooner later more banks wil cover Hibiscus
Whn jz another one of d banks use PE d price wil fly

Stil confident Perdana shd not hv gone thru even 1 limit down

More thn 0.60 to gv me 100% profit very soon

King of O&G Hibiscus

6 figure profit getting bigger n bigger now more thn 150%

TP 1.00 by Hong Leong bank basing on MCM w further upside ftom high oil price resulting in faster n higher rate MCM jobs call out by Petronas to cover loss revenues in previous years

MCM good for Dayang is good Perdana

Perdana OSV r used for MCM

Aiyoyo

themagicianmerlin gv some details on hw Sumatec did tis

Free from debt this year and onwards to focus on future earnings growth

Together with above proposed acquistion and balance sheet reconstruction, SUMATEC has also proposed debt settlement exercise.

It is the intention of the Board to undertake a comprehensive settlement of all major debts/obligations owing to and by the Sumatec group in conjunction with the Proposed Acquisition.

When O&G king d leader Hibiscus turn green start buying O&G again

When O&G king d leader Hibiscus turn green start buying O&G again

30% of 778m is 233.4m Dericlock quite liquid

Yes more thn US 69

Public Bank target price 1.02 if updated w tis higher oil price shd b close to 1.50 like AllianceDBS 1.48

Oil above US69

Petronas Carigali wil call out on d 1.5b MCM contract faster n more

Good news for Dayang n Perdana

Above RM41.8 million jz a small portion out of d 1.5b MCM contract

Oil above US69

Petronas Carigali wil call out on d 1.5b MCM contract faster n more
Good news for Dayang n Perdana

KUALA LUMPUR (Jan 9): Perdana Petroleum Bhd has inked four time charter party agreements with its major shareholder Dayang Enterprise Holdings Bhd, to supply two accommodation work barges and two anchor handling tug/supply vessels for an estimated RM41.8 million.

The agreements were inked by Perdana Nautika Sdn Bhd and Dayang Enterprise Sdn Bhd (DESB), which are wholly-owned subsidiaries of Perdana Petroleum and Dayang Enterprise, respectively.

The four vessels will be chartered for nine months — "with an option of three monthly extension" — starting from March 1, 2018. The vessels charter is related to the contract secured by Dayang Enterprise for the maintenance, construction and modification works for Baronia Rejuvenation CP 3, said Perdana Petroleum.

"The Perdana Petroleum Group's offshore support vessels operations complement those of Dayang Enterprise, whose principal activities [are] the provision of offshore topside maintenance services, minor fabrication works and offshore hook-up and commissioning services.

"The vessels charter is part of the strategic alliance between Dayang Enterprise and Perdana Petroleum Group where the utilisation of its vessels can be maximised and qualified to bid for more offshore maintenance works," said the group in its filing with Bursa Malaysia.

Perdana Petroleum expects the recurrent related party transaction to contribute positively to its future earnings.

Perdana Petroleum shares inched up 1 sen or 1.96% to close at 52 sen, giving it a market capitalisation of RM404.81 million.

Meanwhile, Dayang Enterprise climbed 3 sen or 3.66% to settle at 85 sen, for a market capitalisation of RM820.09 million.

As expected Dayang taking care of Perdana

Tis for tat ham kar ling iloveshit education

Net Acquisition of shares in open market by KWAP's Fund Manager

Petronas is calling out Immediately

Singaporen buying Hibiscus

S$1 to RM 3 power wil make Hibiscus fly to 1.48

Satisfaction is to know tat invest in Dayang based on original calculations n expectation was not wrong

Profit growing

Singapore AllianceDBS initiate coverage meaning bring in Singapore new investors funds

AllianceDBS Singapore bank TP 1.48 HUAT!!!

Oh ya reach has appointed some new expert to chk d oil wells again

Maybe no oil jz water or jz sour bitter salty no sweet crude

Buy Habiscus get worked b4 proven oil wells

Perdana mon ca ca suffer 2 limit down last time tat y so low

https://klse.i3investor.com/blogs/midfresearch/142179.jsp

Dayang Enterprise Holdings Bhd - Earnings To Stage A Massive Leap In 2018

Profit going to b like 2014 yes 2014 u c right

TP? FV?

In April 2017 b4 oil price ran up private placement done at 1.06 d

https://klse.i3investor.com/additionalListing/5141/26-Apr-2017/16709_2531746200.jsp

Now oil price high n lesser loss from Perdana n 1.5b MCM contract win

Abt 1.5b Sarawak portion won d in d pocket

Prices now more follow closer calculations n MCM contract bt yet to 100% More upside

Profit getting bigger n bigger

Let the profit run

Profit getting bigger n bigger
Let the profit run

Wat is jz 8% gain compare to tis..

http://klse.i3investor.com/servlets/stk/7108.jsp

Overall I m in ok profit d
Perdana ok Dayang wil b good too
Waiting for more

Waiting for more

I m in ok profit d

Knn sui ah

He ain't heavy he is my brother Dayang wil sure make Perdana go up

MM has flooded d market wit saprng share even institution investors has bot up to d necks

Who else is thr to buy to push d price ?

Knn sui ah

Aiya u don't ask so many questions jz look at d price now

More or less same tis has FV together w sentimental value