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7 comment(s). Last comment by sparrow 2022-05-10 00:03

Posted by information > 2022-05-08 23:55 | Report Abuse

which IB published the right hand side information? Just came out?

probability

14,172 posts

Posted by probability > 2022-05-09 10:50 | Report Abuse

30 USD/brl against Tapis? Crazy..

sparrow

46 posts

Posted by sparrow > 2022-05-09 15:17 | Report Abuse

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

Tobby

7,422 posts

Posted by Tobby > 2022-05-09 16:51 | Report Abuse

Hengyuan still cheap! Plenty of upside!

probability

14,172 posts

Posted by probability > 2022-05-09 22:55 | Report Abuse

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/

probability

14,172 posts

Posted by probability > 2022-05-09 23:46 | Report Abuse

"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.

........

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

sparrow

46 posts

Posted by sparrow > 2022-05-10 00:03 | Report Abuse

"A refining golden age", quoted from the news above

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