Different units of the refinery get shut down every year. Last year was the hydrocracker (known as the money unit). this years shut down was the A block which is the Crude Distillers. So less thruput but not less margin.
Singapore complex margins are high so Mar/Apr could be a good set of results.
9.35USD/bbl was even outside of my optimistic range. Nice uplift over Singapore complex. will no doubt head down to about a $4 uplift for the next period. Looking like a strong year.
9.35USD/bbl was even outside of my optimistic range. Nice uplift over Singapore complex. will no doubt head down to about a $4 uplift for the next period. Looking like a strong year.
Yes, very happy with that. Surprised at Singapore complex being only around $3 though. Seems out of kilter with the information on Neste (after downwards adjustment of $1.50 I was expecting closer to $4). (As a side note, is the Neste data stuck on 27/4 as the latest for others viewing it?)
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