In 2020, Malaysia exported $15.9B in Refined Petroleum, making it the 9th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Malaysia. The main destination of Refined Petroleum exports from Malaysia are: Singapore ($5.63B), China ($1.61B), Indonesia ($1.28B), Hong Kong ($1.13B), and Australia ($1.12B).
The fastest growing export markets for Refined Petroleum of Malaysia between 2019 and 2020 were Hong Kong ($387M), China ($255M), and United States ($167M).
The US shipped out the most crude and refined-oil products in three decades as energy-starved economies increasingly turn to American supplies to stave off shortages.
More than 11 million barrels of crude and products such as diesel fuel left US ports on a daily basis last week for overseas markets, government data showed on Wednesday. That was the most in data going back to February 1991.
Diesel led the surge with a 20% jump in exports while crude outflows exceeded 4 million barrels day for a second straight week -- the first time that’s happened since lawmakers lifted a decades-old export ban in late 2015.
Europe and Asia are grappling with some of the worst energy crises in history, and oil supplies could soon get tighter. Saudi Arabia’s oil minister earlier this week said the OPEC+ alliance would consider production cuts to address the dislocation between futures trading and fundamental supply-and-demand forces.
The U.S. Energy Secretary urged domestic oil refiners this month to not further increase exports of fuels like gasoline and diesel, adding that the Biden administration may need to consider taking action if the plants do not build inventories.
U.S. refiners have boosted oil product exports this month as domestic crude oil production rose and global fuel demand continued to recover.
Energy Secretary Jennifer Granholm, in a letter sent Aug. 18, urged seven refiners including Valero, ExxonMobil and Chevron, to build supplies of fuels as the United States enters peak hurricane season.
Notice to all forumers in i3 HengYuan. My son Jerichomy is mourning upon my passing last nite.Son Jerichomy don,t worry as I am in heaven being serviced by 24 inches Jesus TanTuaKhee. I never had it so good as your Dad if gifted with a small 3 inches pisang only.
HOUSTON -Most of the units at BP Plc’s 435,000 barrel-per-day Whiting, Indiana, refinery were out of production on Thursday following a Wednesday night fire, said sources familiar with plant operations.
The company has said some units were shut by the electrical fire and those units would be restarting.
The timing of the restart had not been determined by midday Thursday, the sources said.
The fire affected utilities to multiple units at the refinery, and BP has called in most of the refinery’s employees to work on repairs and restarts, the sources said.
The incident at the Whiting refinery, the largest in the Midwest and BP’s largest anywhere in the world, drove up motor fuel prices in the Chicago market.
Chicago CBOB gasoline gained 30.5 cents per gallon, trading 3 cents above the futures benchmark on the New York Mercantile Exchange, market participants said.
I think some investors stay at the side lines because they look at the share price and wonder "if all this analysis is true, why the share price is selling at RM5 only"
u have to do opposite of kyy. When he wrote sell HY, just Buy. Coz he is together with otb. HY is the main stock. Just Buy. U will be safe. Its green!!! Just Buy!!
Posted by 888STOCK888 > 10 seconds ago | Report Abuse Mother shares will shoot to 18.88 soon!!! =D When Hengyuan hit 18.00 back in 2017/2018...the oil price was only $60pb and crack spread about $8.00... So the current oil price is sibeh good enough to push the price higher.... THE COMING PROFIT IS SIBEHHHHHHHHHHHHH AWESOME!!!!! Syndicates are in for BIG BIG GAIN.... show time!!! =D Heng~ Ong~ Huatt ah~ =D -------------------- This syndicate is not strong compared to 2017 syndicates. No strength to fly. No problem to move up north slowly is fine. Ultimately the share price can move up north and cross 10.00 is good enough. Of course 20.00 is even better.
My SON JERICHOMY JERICHOMY , if you claimed you are so good and can TALK THE PRICES OF HENG YUAN DOWN , please do so. Otherwise you APOLOGISE to all the i3 forumers about your SHITTY mouth and hope for their forgiveness. I as your mother will sleep with anyone of them if they are willing to forgive you.
Thanks to Grandpa Koon 25 Aug article "Hengyuan's profit is erratic", HY turning uptrend, even DJIA loss 1,000 points...What he ask you to sell, you buy....!!!
"Behold, I now go to work at my business and I trust in G-d that He will give me the strength to be successful, to provide for myself and my household in an honourable way, to perform righteous acts and acts of kindness and so I should be able to fulfil all the mitzvos of my Creator in their proper way. Help us, my G-d, rescue us for the honour of Your Name, do not turn Your attention to our evil acts (but) do with us tzedakka and kindness for your great Name. May the words of my mouth and the efforts of my heart (rest) favourably before You, O G-d, my rock and my redeemer."
According to sifu, KYY is very fearful to lose money in KLSE. He has lost back 500 million profit to the market. He has no much money left behind. He has committed to give up scholarship to students, he has to honour them.
Sifu dared not attack him because of this good deed he has done. It is really pitiful for him, 2 of important persons have left him especially his accountant and sifu. These 2 persons worked very hard to help him previously.
@Russel, I have a bit of worry. I have nightmare that Uncle Koon soon write this article "Hengyuan reported record profit" and price start dropping. I hope uncle stay out and don't write about HY
Bought my last batch of HY @ RM4.08 on 18.8.2022 and went to my rainforest retreat ignoring Bursa to chill. What a pleasant surprise to see HY is moving where it should be heading to. Many thanks to Probability, Johnzhang, SSlee and all sifus who posted facts and figures and news n the industry to give confidence to hang on. Whatever Q2 result is announced today or tomorrow, its going to be super ! TQVM Cheers !
Uncle Koon is no longer powerful like before. 2 important generals had left him, he is fighting losing battles all the time. He lost money most of the time now. No more Kong Ming to help him.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
beinvested
2,445 posts
Posted by beinvested > 2022-08-29 09:53 | Report Abuse
Doesn't matter, the cinema light will be switched off just before the show starting but the ticketing person will guide you to the seats by torchlight