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Worldwide(Europe, Singapore & US)oil and diesel crack spreads increased over 6% yesterday & most definitely today. Furthermore, Crack Spread fees are in US$, which is at its highest level this year. That's why our Darling HengYuan flying
Hengyuan will remain a highly profitable company through 2027 as even though the war end in the middle of 2027, there's a huge shortages of clean products in the market and takes more than 2 years to build back inventories prior war levels.
Where do I get the Crack Spreads numbers? I used DeepSeek & Gemini. I usually compare the answers. & trick is your question has to be direct. Example: Singapore diesel Crack Sprade 5th Oct Vs 8th Oct. Please try it out. I read somewhere that: The Singapore 3-1-2 crack spread benchmark serves as the primary gauge for gross refining margins for Malaysian refiners like Hengyuan Refining Company Bhd