Interesting last line in the article from reuters. "Asian distillate markets have started showing fatigue ... with Asian complex refining margins falling sharply to near breakeven levels," Energy Aspects said. - Reuters.
I am not too sure what break even means but it dosnt sound positive. NZR uplift largely driven by brent dubai crack which still seems fairly healthy so I am picking 5 - 6 for the month but not too sure what the medium turn future will bring. The last 12 months has been great.
Thanks psychic…. I like the conclusion, "Refiners are benefiting from a double whammy of lower crude oil prices and strong demand,” Hamza Khan, head of commodity strategy in Amsterdam at ING Bank NV, said July 20. “As long as the oil price remains depressed and economies strengthen, refinery margins will exceed expectations.”
Would someone in the Sharetrader community please tell me what happened to snaps?.Did he just disappear removing all threads; did he say anything ,was he banned? Thanks in advance
Would someone in the Sharetrader community please tell me what happened to snaps?.Did he just disappear removing all threads; did he say anything ,was he banned? Thanks in advance
Not banned but he is no longer a member if you have a look at the member list section - hopefully he reconsiders and rejoins
Cool thanks. It is funny when someone just disappears like that when you've got used to them as part of your coffee club so to speak. Was browsing briefly through the membership list. So many ghosts/hibernations/departures/quiet observers etc out there one wonders what life has brought /taught to them. Impermanence is a floating anchor.
Meanwhile highest vol of shares in year traded today;s/p drifting down landing on $3 today after hitting allow of $2.92. CEN cash gathering maybe.
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Originally Posted by Joshuatree
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