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4 comment(s). Last comment by probability 2022-05-21 17:34
Posted by probability > 2022-05-21 14:54 | Report Abuse
Its the 5th largest refinery in the world
https://www.nesfircroft.com/blog/2021/08/the-6-biggest-refineries-in-the-world
Posted by probability > 2022-05-21 17:13 | Report Abuse
Posted by information > May 21, 2022 4:32 PM | Report Abuse
Asian gasoline cracks scale new heights following Ulsan refinery explosion.
Asian gasoline cracks soared to new highs on Friday after an explosion at a South Korean refinery compounded an already-tight regional supply picture.
Trade Friday saw a 92 RON cargo for loading 20-25 days ahead sold by Total to Vitol at $148.90/b. PetroChina sold 95 RON to Vitol for the same laycan at $157.20/b FOB.
Taken as value, the deals lifted refining margins to Brent to new highs as the 92 RON spot crack to Brent was marked $4.99/b higher at +$38.74/b and 95 RON a massive $8.32/b at +$47.04/b.
The move comes after an explosion at alkylation processing unit of the 580,000 bpd Onsan refinery left eight injured.
Owned by S-Oil, the refinery is the world's fifth-largest and any restriction of supply will put regional import pressure on an already-tight global market.
The jump was seen in the overnight market, with the east-west spread jumping by the European close on Thursday.
It comes against a backdrop of booming products demand, with tight supply as the global economy reopens from the Covid-19 pandemic having driven cracks to record highs even before Thursday’s accident.
Posted by probability > 2022-05-21 17:34 | Report Abuse
S-Oil export to Malaysia, so Hengyuan can be almost certain the same margin
https://www.brecorder.com/news/40174604/gasoline-crack-scales-new-high-on-supply-worries
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Posted by probability > 2022-05-21 14:39 | Report Abuse
South Korea’s third-largest refiner may cut gasoline exports, further tightening supply in Asia
https://www.kedglobal.com/energy/newsView/ked202205200014
“The affected plant will be shut down until the root cause is identified and preventive measures are put in place,” Chief Executive Hussain A. Al-Qahtani said, apologizing during a press conference.
https://www.youtube.com/watch?v=9iFQ0BLp4wM