Posted by kebling98 > 2022-10-29 00:01 | Report Abuse

Berkshire got tonnes of byd to sellloh.
Apa tu gasoil pun tak faham pun boleh talk like pro

Posted by brightsmart > 2022-10-29 00:02 | Report Abuse

byd is the new Toyota

Posted by brightsmart > 2022-10-29 00:07 | Report Abuse

mogas chart dropping for months, still got people think Q3 is good quarter.....................if that is not brain dead, what is it?

Posted by Jerichomy > 2022-10-29 00:10 |

Post removed.Why?

Posted by UlarSawa > 2022-10-29 00:13 | Report Abuse

Gasoline is petrol right. Why use different name one. Haiyoh. Correct?


kebling98

Berkshire got tonnes of byd to sellloh.
Apa tu gasoil pun tak faham pun boleh talk like pro

9 minutes ago

Posted by UlarSawa > 2022-10-29 00:14 | Report Abuse

They havent sell mah. Paperloss only lah. Haiyoh. Correct?

Jerichomy

Haha finally otb and otb gangsters kalah duit

Posted by UlarSawa > 2022-10-29 01:02 | Report Abuse

WHAT IS GAS OIL AND IS IT KNOWN BY ANY OTHER NAMES?
Gas oil is known by a few names, but one of the more popular names is red diesel due to the red dye marker that was added to gas oil from the 1960s to help authorities to quickly check if a vehicle was being run on gas oil.

The reason for this is because red diesel and white diesel (also known as road diesel or just diesel) are essentially the same fuel, but taxed very differently. The white diesel you see available from petrol stations throughout the UK is taxed at a far higher rate in line with petrol, whereas red diesel (gas oil) has a far lower fuel duty applied to it.

This makes it very tempting for many diesel vehicle owners looking to save money, to buy and use it in their vehicles. However, it is illegal to use gas oil on public roads, hence the need to use the red dye markers in order to spot any illegal use on public roads.

You may have noticed and wondered if gas oil had anything to do with the fuel known simply as “gas” in America or maybe “natural gas” which is used to heat homes and business in the UK. In short, they’re all different products, so lets start with the latter two products first and then we’ll get back to gas oil.

Posted by UlarSawa > 2022-10-29 01:06 | Report Abuse

GAS / GASOLINE (USA)
It’s easy to see where some people may become confused and assume that when Americans talk about filling their vehicles with gas, they’re talking about using gas oil.

However, gas is simply a shorthand way of saying and writing gasoline, in the same way as we in the UK have shortened petroleum to petrol. They’re simply two (or rather four) names for the same product, so nothing to do with gas oil.

GAS / NATURAL GAS / FOSSIL GAS (UK)
Although you will quickly realise now that natural gas which the majority of businesses and homes know well for piping heating and cooking fuel into our homes and businesses. Isn’t technically anything like the liquid fuel known as gas oil.

GAS OIL / RED DIESEL
Gas oil was originally used for heating homes and businesses before natural gas become more prevalent. But as time went on and motor vehicles became more widespread, gas oil also became a popular fuel for use in many vehicles in the early part of the 20th century.

Although the government introduced fuel duty on fuels intended for use in road vehicles in 1928, there was a rebate for gas oil which had existed in one form or another between 1928 and 1935 because gas oil was still mainly used for heating at the time.

By 1935 due the widespread use of diesel engine road vehicles, the government withdrew the rebate for use in road vehicles, leaving it in place for all other uses including heating and for those vehicles that were already paying the lower rate of vehicle excise duty (VED) such as tractors and other agricultural machines, which became known as “excepted vehicles” that would only be used on public roads occasionally, so were not considered to be “road vehicles”.

It wasn’t until 1961 that a red dye marker was added to gas oil, leading to the nickname “red diesel”, a name which has slowly grown in popularity with the majority of people these days knowing it as red diesel rather than gas oil.

Posted by UlarSawa > 2022-10-29 01:14 | Report Abuse

Gasoil is a broad term that can refer to a range of intermediates and finished petroleum products, generally in the diesel or VGO range of distillation profile.

Intermediates sometimes referred to as gasoil include:

Light atmospheric gasoil (LAGO) - Diesel range straight run material from the atmospheric distillation tower
Heavy atmospheric gasoil (HAGO) - Straight run material in between the diesel and VGO range from the atmospheric distillation tower
Vacuum gasoil (VGO) - The lighter resid fraction from the vacuum distillation tower
Coker gasoil - VGO range product from the coker
Hydrocracked gasoil - VGO range material from the hydrocracker
Finished petroleum products sometimes referred to as gasoil include:

Diesel
Heating oil or industrial gasoil
Marine gasoil

Posted by UlarSawa > 2022-10-29 01:15 | Report Abuse

Time to sleep. Closed kosmos trade. Tomolo can eat foc kfc again. Haiyoh. Correct?

Posted by 888STOCK888 > 2022-10-29 02:27 | Report Abuse

Hengyuan show will be back next month...

Syndicate moving to M&G (5078)

https://www.nst.com.my/business/2022/10/844539/active-year-upstream-division-due-petronas-drilling-exploration-says-marine

"M&G said oil prices had started to recover in mid-2021 and now reached pre-2015 levels, currently trading above US$90 per barrel"

Share price to test pre 2015 level too at 1.11??? =D

From 0.11 to 1.11... =D

Posted by UlarSawa > 2022-10-29 07:27 | Report Abuse

Dji up 828pts. If monday HY still cannot up. Really mati pucuk liao leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-10-29 07:28 | Report Abuse

Really. Then goo luck to you. Haiyoh. Correct?


Syndicate moving to M&G (5078)

Posted by BobAxelrod > 2022-10-29 07:39 |

Post removed.Why?

Posted by i3lurker > 2022-10-29 08:51 | Report Abuse

Bob

its
1) month end window dressing
plus
2) short seller square position, otherwise need to pay another month rental charges. Contract is monthly for most short sellers.

Try not to sound like a kindergarden kiddie first share buy becoz you need to drum up HRC shares.

Posted by BobAxelrod > 2022-10-29 08:56 |

Post removed.Why?

Posted by BobAxelrod > 2022-10-29 09:02 | Report Abuse

FYI
BTW
PS
PS2

Month end is on Monday 31st Oct...not on 28th Friday Oct....hehehe...who's the green horn here?

Posted by i3lurker > 2022-10-29 09:04 | Report Abuse

again dun double prove yourself to become Leng Leng Chat

you do massive purchases all on 1 day? Have you ever bought anything other than 1 lot?

Posted by BobAxelrod > 2022-10-29 09:14 |

Post removed.Why?

Posted by BobAxelrod > 2022-10-29 09:24 |

Post removed.Why?

Posted by Sslee > 2022-10-29 10:03 | Report Abuse

The crack spread of mogas, gasoil and jet kerosene used to be up and down together hence for simplicity people just assume mogas crack spread as refining margin.

What had change now is not available of Pipe NG from Russia for industry/hotel boilers and heaters which need to switch to run on diesel hence causing the price of diesel stay at elevate level.

SINGAPORE MOGAS 92 UNLEADED (PLATTS) BRENT CRACK SPREAD FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)NYMEX
−2.194
D
USD
−0.036
(−1.67%)

LOW SULPHUR GASOIL CRACK SPREAD (1000MT) FINANCIAL FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)NYMEX
57.246
D
USD
+0.411
(+0.72%)

SINGAPORE JET KEROSENE (PLATTS) DUBAI (PLATTS) CRACK SPREAD FUTURES (CONTINUOUS: NEXT CONTRACT IN FRONT)NYMEX
34.524
D
USD
+2.017
(+6.20%)

And with mogas crack spread at negative, you can't fault probability to assume Q3 marked to market outstanding mogas refining margin swap contracts should become hundred of million derivatives assets.

Eagerly looking forward to HRC q3 result.

Posted by Sslee > 2022-10-29 10:18 | Report Abuse

Year 2021 HRC yield as below:
LPG: 7.8%
Propylene: 3.8%
Light Naphtha: 0.1%
Petrol: 24.5%
Jet Fuel: 7.1%
Diesel: 35.1%
Fuel Oil Component: 2.7%
Additional
Catalytic Cracked Gasoline (CCG): 16.3%
Combined Cycle Oil (CCO): 2.6%
Note: i3lurker and ular is saying the long residue catalytic cracker can selectively crack the Long residue into gasoline (petrol) or gasoil(diesel)

Hence Catalytic Cracked Gasoline (CCG): 16.3% can now become Catalytic Cracked Gasoil (CCG): 16.3%

Posted by Jerichomy > 2022-10-29 12:05 |

Post removed.Why?

Posted by Jerichomy > 2022-10-29 12:06 |

Post removed.Why?

Posted by Jerichomy > 2022-10-29 12:18 |

Post removed.Why?

Posted by Jerichomy > 2022-10-29 12:21 |

Post removed.Why?

Posted by information > 2022-10-29 16:00 | Report Abuse

this means HY can instantly raise the yield of Gasoil to 51.4% (35.1% + 16.3%), while maintaining low yield of Gasoline at 24.5%

they just need to stop cracking the gasoil to shorter chain gasoline

thanks

Posted by Sslee > Oct 29, 2022 10:18 AM | Report Abuse

Year 2021 HRC yield as below:
LPG: 7.8%
Propylene: 3.8%
Light Naphtha: 0.1%
Petrol: 24.5%
Jet Fuel: 7.1%
Diesel: 35.1%
Fuel Oil Component: 2.7%
Additional
Catalytic Cracked Gasoline (CCG): 16.3%
Combined Cycle Oil (CCO): 2.6%
Note: i3lurker and ular is saying the long residue catalytic cracker can selectively crack the Long residue into gasoline (petrol) or gasoil(diesel)

Hence Catalytic Cracked Gasoline (CCG): 16.3% can now become Catalytic Cracked Gasoil (CCG): 16.3%

Posted by information > 2022-10-29 16:05 | Report Abuse

51.4% (yield) x 10.5 brl/qtr (sales) x 43 USD/brl (avg diesel crack spread) x 4.64 MYR/USD

= 1.07 Billion gross profit

Posted by information > 2022-10-29 16:12 | Report Abuse

7.1% (jet fuel yield) x 10.5 brl/qtr (sales) x 32 USD/brl (avg jet fuel crack spread) x 4.64 MYR/USD

= 110 Million gross profit

Posted by upshare > 2022-10-29 16:43 | Report Abuse

profit calculation shall include the heldging loss...

Posted by Sslee > 2022-10-29 18:44 | Report Abuse

Haha MM is back, this time round HRC will either move north or move south.

Posted by MoneyMakers > 2022-10-29 20:00 | Report Abuse

Aiyaa sslee u alrdy cheat people chase high (ownself dump) last round

Now dont care alrdy even if HY move south

Posted by yamitsu > 2022-10-29 21:31 | Report Abuse

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E5%BF%A7%E5%B8%82%E5%9C%BA%E4%BD%8E%E8%BF%B7-%E4%BC%A0%E5%9B%BD%E6%B2%B9%E9%A2%91%E5%AF%86%E5%AF%B9%E5%86%B2

Posted by information > 2022-10-30 14:15 | Report Abuse

Diesel at record premiums to jet, gasoline and crude
Published date: 28 October 2022

https://www.argusmedia.com/en/news/2385379-diesel-at-record-premiums-to-jet-gasoline-and-crude

High diesel refining margins tend to depress gasoline refining margins, because they incentivise refiners to increase crude throughput, which increases gasoline production. All else being equal, the margins push away from each other. Over the summer, European refiners hiked crude throughputs to around 88pc of their capacity, to judge by IEA data and Argus research. They were processing nearly 1mn b/d more crude than a year ago and only 700,000 b/d less than in the same month of 2019.

European gasoline prices are tied closely to US demand, as European refiners usually export more than 1.5mn t of gasoline a month to the US during the summer. But this year, volumes fell short of last year and even further below pre-pandemic levels, as high retail prices suppressed consumption in the US. Additionally, the breakdown of trade with Russia is not supporting gasoline values, because Europe does not import significant volumes of gasoline from Russia.

The divergence of diesel and jet fuel values is more unusual because refiners can easily blend those products into the other, meaning high diesel margins usually pull jet fuel margins higher. When diesel is more expensive, refiners blend as much jet fuel as possible into it, reducing jet fuel production. This is why the diesel-jet spread is far narrower than the diesel-gasoline spread, even at its record.

But blending jet into diesel is only possible within the constraints of regulated diesel specifications, in particular its density and related properties. Too much jet fuel makes the diesel too light. The dislocation of diesel and jet fuel values in October may be a signal that refiners have hit that wall.

https://www.argusmedia.com/en/news/2381339-europe-is-running-low-on-diesel-when-it-needs-it-most

Posted by UlarSawa > 2022-10-30 15:12 | Report Abuse

Wow 1.2bil gross profit already leh. Then what is your TP? Why not join the competition leh. Haiyoh. Correct?


information

51.4% (yield) x 10.5 brl/qtr (sales) x 43 USD/brl (avg diesel crack spread) x 4.64 MYR/USD

= 1.07 Billion gross profit

23 hours ago


information

7.1% (jet fuel yield) x 10.5 brl/qtr (sales) x 32 USD/brl (avg jet fuel crack spread) x 4.64 MYR/USD

= 110 Million gross profit

22 hours ago

Posted by UlarSawa > 2022-10-30 15:15 |

Post removed.Why?

Posted by UlarSawa > 2022-10-30 15:18 |

Post removed.Why?

Posted by UlarSawa > 2022-10-30 15:21 | Report Abuse

Ular dunno so much about refinery leh. Bila ular ada cakap this statement. Ular dunno can work like this leh. Haiyoh. Correct?


Note: i3lurker and ular is saying the long residue catalytic cracker can selectively crack the Long residue into gasoline (petrol) or gasoil(diesel)

Hence Catalytic Cracked Gasoline (CCG): 16.3% can now become Catalytic Cracked Gasoil (CCG): 16.3%

1 day ago

Posted by UlarSawa > 2022-10-30 15:23 | Report Abuse

HY at 4.21 also cannot blame sifu OTB and his millionaire gang leh. They all collecting until no saham already mah. Then how how go up if no one want push leh. Scare Sifu OTB and his millionaires gang become 2nd time millionaires leh. Haiyoh. Correct?



Jerichomy

No wonder HY maintain at rm4.21 haha

UlarSawa
They havent sell mah. Paperloss only lah. Haiyoh. Correct?

Jerichomy

Haha finally otb and otb gangsters kalah duit
12 hours ago

1 day ago

Posted by Jerichomy > 2022-10-30 15:25 |

Post removed.Why?

Posted by UlarSawa > 2022-10-30 15:27 |

Post removed.Why?

Posted by UlarSawa > 2022-10-30 15:43 | Report Abuse

MOSCOW (Oct 29): Russia's Defence Ministry on Saturday (Oct 29) said that British navy personnel blew up the Nord Stream gas pipelines last month, directly accusing a leading Nato member of sabotaging critical Russian infrastructure.

The ministry did not give evidence for its claim.

"According to available information, representatives of this unit of the British Navy took part in the planning, provision and implementation of a terrorist attack in the Baltic Sea on Sept 26 this year, blowing up the Nord Stream 1 and Nord Stream 2 gas pipelines," the ministry said.

Posted by brightsmart > 2022-10-30 15:47 | Report Abuse

British navy are enforcers for Biden.

Posted by Ahahah > 2022-10-30 18:12 | Report Abuse

https://www.youtube.com/watch?v=F2Ujfrwh0ys&feature=share&si=ELPmzJkDCLju2KnD5oyZMQ

Posted by Sslee > 2022-10-31 08:36 | Report Abuse

Petron Malaysia: My email to Kenanga IB analyst and Petron Malaysia IR
https://klse1.i3investor.com/blogs/Sslee_blog/2022-10-31-story-h1651095893-Petron_Malaysia_My_email_to_Kenanga_IB_analyst_and_Petron_Malaysia_IR.jsp

Posted by UlarSawa > 2022-10-31 09:17 | Report Abuse

HY mati pucuk leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-10-31 09:17 |

Post removed.Why?

Posted by UlarSawa > 2022-10-31 09:24 | Report Abuse

Klci 1466 already. 1500 in the making kah. HY still mati pucuk leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-10-31 09:27 | Report Abuse

Haiyoh so many TP gross earning pun berbillion lagi pun tak laku kah. All waiting apa lagi. Haiyoh. Correct?

Posted by Ahahah > 2022-10-31 09:30 | Report Abuse

Most of people wait for the Qtr result. Derivation loss or gain is very important. Wait and see attitude.