The Atlantic hurricane season starts on June 1, and the Gulf of Mexico is already warmer than average. Even more worrying is a current of warm tropical water that is looping unusually far into the Gulf for this time of year, with the power to turn tropical storms into monster hurricanes.
It’s called the Loop Current, and it’s the 800-pound gorilla of Gulf hurricane risks.
When the Loop Current reaches this far north this early in the hurricane season – especially during what’s forecast to be a busy season – it can spell disaster for folks along the Northern Gulf Coast, from Texas to Florida.
This year, the Loop Current looks remarkably similar to the way it did in 2005, the year Hurricane Katrina crossed the Loop Current before devastating New Orleans.
Of the 27 named storms that year, seven became major hurricanes. Wilma and Rita also crossed the Loop Current that year and became two of the most intense Atlantic hurricanes on record.
Since HengYuan is not going up alot my mother and pang72 mother went to squat in chow kit trying to earn some money. Our mothers ham ka leng as they were knocked down by a runaway lorry.This is our bad karma for disturbing some sifus.
there are people who cant argue with fact and figures and have to resort to create impostor accounts to say something that doesn't provide any value just to fulfill their ego void.
that's why they can't handle slightest heat fools shorting an upward trend maybe they don't even have the fund to buy 100 shares only here being envious of you cant take it when you blackgold77 earn some money a bucket of crabs
South Korea’s third-largest refiner said it plans to resume production at its No.1 paraxylene (PX) unit after scheduled maintenance between June 8 and July 15. .....
At least it will be running at half the capacity for another 1.5 months
I think crack dropped to 26$/brl now... its a volatile instrument. Always remember we only need $13/brl to give TP RM 24 at PE 5. Even it drops to $13, it will continue delivering more than RM 1 eps every quarter.... relax and look forward for Q2
Asia gasoline crack slides as S-Oil says Ulsan unit back online Refined Products
12 min ago
Asian gasoline cracks retreated from record highs at the start of the week after South Korea’s S-Oil announced it had resumed production at the No.2 residue fluidised catalytic cracking (RFCC) unit at its Onsan refinery after an explosion and fire last week.
The world’s fifth-largest refinery, a Thursday explosion at the 580,000 bpd site in Ulsan killed one and injured at least nine more. Investigations are underway as to its cause.
The incident meant gasoline cracks in Asia rocketed on Friday after S-Oil said that operations at several processing units had been suspended, but without providing details of which units may have been damaged.
Quantum data has showed the regional 92 RON spot crack to Brent hitting an all-time high of +$38.74/b on Friday.
However, the refining margin collapsed $8.64/b on Monday to +$30.10/b FOB Singapore after news of the restart emerged.
Sources said that if the blast had occurred in the RFCC, it would likely take months of repair work, creating a squeeze on gasoline supplies. The RFCC converts heavy fuels into lighter products, including gasoline.
But the prompt restart suggests there has been little damage to core units, hence Monday’s correction in Singapore gasoline cracks.
In addition to supplying domestic demand, the Saudi-operated plant also exports to Japan and southeast Asia, along with the Australian market, which is increasingly reliant on imports of gasoline and diesel after closing much of its refining capacity.
S-Oil said in the filing it plans to resume production at its No.1 paraxylene (PX) unit following scheduled maintenance between June 8 and July 15. It did not say if the petrochemicals processor had been damaged by the blast.
By the way, these Indian refiners are actually reducing supply of refined oil to their local market so that they can export to US to the extent of shortage is emerging at their local petrol kiosks
If Hengyuan start exporting US, we Malaysians again same Raya dilemma
Is it ? But they look like your wife and her cheating partner. You’ve been wearing a green hat like a sir . You sure don’t want to join them for a threesome ?
NIAMA!Who are typing with Curse mother/father/family, better watchout yea,do you believe karma? Just earning some pocket money needed to curse family? Please respect your ownself and think that you have mother/family too....
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....
coconutzz
50 posts
Posted by coconutzz > 2022-05-23 09:52 | Report Abuse
any idea when is the report out as in expected date?