Posted by 888STOCK888 > 2022-05-31 15:12 | Report Abuse

Wa lao eh.... whole morning should have sapu enough from the weakholders who sold off la.... HOOT9 la

Posted by BoomBerg > 2022-05-31 15:12 | Report Abuse

OOI C&S this is Oil trend not steel ooh
What a nuisance

Posted by cactus81 > 2022-05-31 15:15 | Report Abuse

Still got so many buyer today

Posted by MoneyMakers > 2022-05-31 15:21 | Report Abuse

Crack spread spike up last month mainly b’coz china (world’s Top 2 oil refiner) lockdown..latest month china had lowest oil refining rate since 2020 pandemic

Now Shanghai alrdy opening up..crack spreads alrdy start dropping past few days

Posted by Huat87 > 2022-05-31 15:21 | Report Abuse

when it will going up? Any sifu

Posted by searchingmoney > 2022-05-31 15:22 | Report Abuse

for your info, shanghai still locked down

Posted by probability > 2022-05-31 15:22 | Report Abuse

Prices higher after EU reaches deal to cut 90% of Russian oil imports Crude Oil Refined Products

6min ago

Crude oil futures in early European trading hours Tuesday were climbing higher after the EU clinched a compromise deal that will potentially see Russian oil flows into Europe drop by 90% by the end of the year.

August ICE Brent futures were trading at $119.70/barrel (0705 GMT), compared to Monday's settle of $117.60/b, while the July contract was trading at $123.50/b ahead of expiry.

At the same time, July NYMEX WTI was trading $118.96/b, versus last Friday's settle of $115.07/b. There was no settlement Monday due to the US holiday.

European Union leaders agreed late Monday to embargo most Russian oil imports into the bloc by year-end as part of the latest round of sanctions aimed at Moscow, reaching a compromise that allows Hungary and others access to pipeline crude.

EU Council President Charles Michel said the agreement covers more than two-thirds of oil imports from Russia. However, Ursula Von der Leyen, the head of the EU's executive branch, said the punitive move will "effectively cut around 90% of oil imports from Russia to the EU by the end of the year."

"This move is supportive for prices. However, the market has had a month to digest the potential ban, and so we suspect it is largely priced in already. This is reflected in the price action in early trading in Asia this morning," said Warren Patterson, head of ING's commodity research.

Oil markets have also been underpinned in the early part of the week after China announced further measures to ease Covid restrictions.

"Crude oil prices gained as the outlook in China improved amid easing restrictions on travel. Shanghai allowed manufacturers to resume operations from June, while officials said Beijing's coronavirus outbreak was under control," said ANZ commodity strategist Daniel Hynes.

Refined products also continued to support crude prices, particularly the squeeze on diesel and gasoline.

Eurobob gasoline cracks hit a fresh record of $52.50/b at the official start of the US driving season on Monday, according to Quantum data, while diesel refiner margins topped a three-week high of $45/b.

Meanwhile, Mexico's 315,000 bpd Salina Cruz refinery on the Pacific coast is in the path of Hurricane Agatha, although the storm is unlikely to be strong enough at landfall to damage the plant.

The US and Mexico are particularly vulnerable to refining disruptions during this year's hurricane season, given the tightness of gasoline and diesel across the Americas.

Posted by probability > 2022-05-31 15:23 | Report Abuse

Fantastic news:
..............................

Eurobob gasoline cracks hit a fresh record of $52.50/b at the official start of the US driving season on Monday, according to Quantum data, while diesel refiner margins topped a three-week high of $45/b.

Posted by probability > 2022-05-31 15:24 | Report Abuse

EU Council President Charles Michel said the agreement covers more than two-thirds of oil imports from Russia. However, Ursula Von der Leyen, the head of the EU's executive branch, said the punitive move will "effectively cut around 90% of oil imports from Russia to the EU by the end of the year."

Posted by rr88 > 2022-05-31 15:26 | Report Abuse

People will run towards EXIT DOOR going into a close today n price will move towards 6.00.

RUN EARLY NOW and save yrself 20 cent a piece today and 50 - 70 cents a piece tomolo. Total savings 70 - 90 cents.

Clearly its COMING DOWN..

Posted by citadel888 > 2022-05-31 15:28 |

Post removed.Why?

Posted by Huat87 > 2022-05-31 15:30 | Report Abuse

what price you all in?

Posted by MoneyMakers > 2022-05-31 15:31 |

Post removed.Why?

Posted by investmalaysia618 > 2022-05-31 15:31 | Report Abuse

markets are never wrong, opinions often are

Posted by investmalaysia618 > 2022-05-31 15:33 | Report Abuse

OTB go where also sink ship one kikikiki

Posted by Jerichomy > 2022-05-31 15:33 |

Post removed.Why?

Posted by Jerichomy > 2022-05-31 15:34 |

Post removed.Why?

Posted by RWG > 2022-05-31 15:36 | Report Abuse

habis liao hengyuan

Posted by MoneyMakers > 2022-05-31 15:38 |

Post removed.Why?

Posted by OTB > 2022-05-31 15:40 | Report Abuse

Posted by citadel888 > 4 minutes ago | Report Abuse

OTB went to steel steel Holland crash 50percent, went to MSc, crashed 30percent , how much crash this time will be
--------------------
Want to attack me, you do not have any material to challenge me except to continue to bad mouth me.
My 1 million profit from AYS and 50k gain from MSC will able to cover all.
Still can afford to lose all my capital.
Still can afford to sleep well.
The 3 million profit from Supermx is still ready waiting to buy more Hengyuan if the share price drop further.

Posted by subwayzzz > 2022-05-31 15:41 | Report Abuse

if there's consistent trend for both oil and crack spread, hedging loss shouldn't be huge unless they do it deliberately for creative accounting reason or tax avoidance.

Posted by OTB > 2022-05-31 15:45 | Report Abuse

Posted by investmalaysia618 > 6 minutes ago | Report Abuse

OTB go where also sink ship one kikikiki
------------------
Take care yourself first in this bear market.
I still have a lot of capital to buy in this bear market.
Do not worry for me.
See who will last longer.

Posted by MoneyMakers > 2022-05-31 15:46 |

Post removed.Why?

Posted by kokchengkai > 2022-05-31 15:52 | Report Abuse

Hengyuan can earn big money if Government cancel the subsidy petro 95 think abt it berapa lama boleh tahan tis gov malaysia if keep increase the debts oledi above gdp 62%

Posted by subwayzzz > 2022-05-31 15:53 | Report Abuse

what you said could be possible if it really goes up to usd200.
what would happen along the way is US would have to be forced to lift sanction on venezuela to release oil into the market to tame the oil price so it wont be a spike and crack spread could absorb part of the price shock at this level.

Posted by tehka > 2022-05-31 15:58 | Report Abuse

Hengyuan since last time very quarter report very fishy. Better stick with Petron

Posted by onlyinvestment > 2022-05-31 15:59 | Report Abuse

More stubborn get more hurt...

Posted by stochastic6 > 2022-05-31 15:59 | Report Abuse

History repeat... no cut loss, keep obsess in one counter, Jaks and Hiaptek as example, keep believe and hold until next quarter, believe in next quarter result.. then... after -10%... -15%.... -30%... -50% loss... only wake up and quietly move on to another obsess counter. But he forgot he has caused his subscriber loss big.

Posted by OTB > 2022-05-31 16:04 |

Post removed.Why?

Posted by MoneyMakers > 2022-05-31 16:05 | Report Abuse

Have to understand HY dont care whatever oil price level

What HY dont like is volatility..more volatile means more hedging/loss

Posted by OTB > 2022-05-31 16:05 |

Post removed.Why?

Posted by onlyinvestment > 2022-05-31 16:11 | Report Abuse

I3 platform actually only a platform let us talk Shiok only. Don't too serious though can get easy money from I3. Use your brain and intelligent to judge who can believe who is lose and who is only know talk ...

Posted by onlyinvestment > 2022-05-31 16:14 | Report Abuse

Buy share need intelligent, cut loss need more intelligent... Who know cut loss who can run long... Good luck all people here

Posted by investmalaysia618 > 2022-05-31 16:14 | Report Abuse

now talk crack spread. whole world know d lo. same like end of 2020 everyone still talk about asp of gloves

Posted by MoneyMakers > 2022-05-31 16:15 | Report Abuse

Anyway china (Top 2 largest oil refiner) alrdy start allow refineries operate again..can alrdy see crack spread start dropping

Q2 will prob give strong profit but wont sustain Q3 onwards

P/s: Becareful dont trap too long in HY..remember 2017 hype then crash from rm20 to rm4..now see same crack spread calculation BS nonsense

Posted by subwayzzz > 2022-05-31 16:15 | Report Abuse

what's your motive here?

Posted by Jerichomy > 2022-05-31 16:18 |

Post removed.Why?

Posted by Jerichomy > 2022-05-31 16:19 |

Post removed.Why?

Posted by nicholas99 > 2022-05-31 16:19 | Report Abuse

Also haven't go to rm20. Where got overvalue?

Posted by YoongGer > 2022-05-31 16:21 | Report Abuse

everybody likes to blow water lol, dont be too serious with the motive hahahaha

real real fake fake, fake fake real real

Posted by rr88 > 2022-05-31 16:23 | Report Abuse

Today is the LAST DAY YOU CAN SELL ABOVE 6.00. You wont see 6.00 again for another 3 yrs.

Posted by subwayzzz > 2022-05-31 16:24 | Report Abuse

have you got nothing better to do than doing personal attack here?

Posted by Jerichomy > 2022-05-31 16:24 |

Post removed.Why?

Posted by subwayzzz > 2022-05-31 16:25 | Report Abuse

jerichomy soon will be your turn to go into liang lahad

Posted by emsvsi > 2022-05-31 16:25 | Report Abuse

GUYS WHY FIGHTING IN FORUM

COME JOIN US IN GENTING WHERE EVERYONE IS WELCOME WITH OPEN ARMS CASH IS TRASH SO WHAT DO YOU DO YOU YOLO ON THE CASINO TABLES !

Posted by Jerichomy > 2022-05-31 16:26 |

Post removed.Why?

Posted by subwayzzz > 2022-05-31 16:27 | Report Abuse

what if i see 6< in the next 3 days?
you go get rammed by car on highway?

Posted by Jerichomy > 2022-05-31 16:28 | Report Abuse

Probability pun dah senyap, supergold also senyap kaka

Posted by subwayzzz > 2022-05-31 16:30 | Report Abuse

dia orang malas nak layan kau la

Posted by Jerichomy > 2022-05-31 16:30 |

Post removed.Why?