Trust you guys are aware that Hengyuan uses at least 16% of Russian Crude in their feed in 2021. After 22 Dec 21' it can fully utilize any crude it wants as the COSA agreement made in 2016 with Shell expires.
Found this interesting tool:
https://www.protocol.com/climate/russian-tanker-tracking-greenpeace
https://twitter.com/RUTankerTracker
Batch in April 22:
Batch in May'22
Above is a no brainer considering the discount againts Brent (now hitting close to 40 USD/brl).
https://www.statista.com/statistics/1298092/urals-brent-price-difference-daily/
Created by probability | Jun 02, 2022
Created by probability | May 21, 2022
https://twitter.com/RUTankerTracker
Need to scroll down to the particular date i mentioned in the posting to check & verify yourself
2022-05-15 14:36
Difference between Urals and and Brent oil price from December 31, 2021 to May 5, 2022
https://www.statista.com/statistics/1298092/urals-brent-price-difference-daily/
Thu, Apr 28, 2022
Russian oil – oil tanker data revelation
https://www.express.co.uk/news/world/1602687/south-korea-news-russian-oil-tanker-data-ukraine-war-spt
Fifty-two were going to China, 28 to South Korea, 25 to India, nine to Japan and one to Malaysia
How many barrels can load in VLCC?
https://www.mol-service.com/blog/how-large-is-the-very-large-crude-carrier
Then, how much crude oil can load in VLCC, the Very Large Crude Carrier?
The size of cargo tanks varies from ship to ship, but many of the recently built VLCCs are designed to load about 2 million barrels of crude oil.
.....
Hengyuan processing capacity per Quarter is 10 million barrels, at 16% Russian Crude, it needs about 1.6 million barrels
2022-05-15 14:45
Some news in Mar 22'- to show significance of Russian crude
https://english.alarabiya.net/business/energy/2022/05/11/Hungary-says-its-backing-of-EU-s-Russia-oil-ban-hinges-on-millions-of-dollars
MOL’s refining margins have been boosted by its cheap Russian oil intake and also a jump in its diesel and gasoline crack spreads.
According to MOL’s data, its refinery margin rose to $33.7 per barrel in March from $3.4 in February.
2022-05-15 14:57
Only 1 puny tanker?
Must be a high postcount low IQ forget to close Future
Sending the crude to his front gate
2022-05-15 15:28
MAY 15 2022
Read more at: https://www.deccanherald.com/opinion/how-russian-is-it-a-very-crude-question-1109435.html
While Europe may stop buying Russian crude, it’s unlikely to be able to avoid diesel fuel made from that crude. The direct diesel trade between Russia and European countries may halt, but products made from Russian crude in overseas refineries will still arrive at European ports. Russian crude processed in overseas refineries ceases to be Russian. Diesel produced at, say, an Indian refinery is Indian diesel, no matter whether the crude came from Saudi Arabia, Russia, or anywhere else. Products are made to tight specifications required in consuming countries and there is no mechanism to determine where the crude they were produced from originated.
2022-05-16 12:10
Malaysia will certainly be hit with secondary sanctions by US/EU. Get the popcorn ready.
2022-05-16 14:37
Malaysia has been sanction by US and EU for the longest time! Just look at our palm export! All so called force labor to sanction our exports!
So, Malaysia is right to import Russia oil as Malaysia only recognise UN sanction not US or EU!
2022-05-16 14:53
probability
Malaysia does not recognise unilateral sanctions, remains non-aligned to any side
https://www.malaymail.com/news/malaysia/2022/05/08/saifuddin-malaysia-does-not-recognise-unilateral-sanctions-remains-non-alig/2057677
2022-05-15 13:52