European lawmakers have voted to ban the sale of new diesel and gasoline cars and vans in the EU from 2035. The deadline means the last fossil fuel cars will be sold by 2035. The plans provide the car industry with the certainty it needed to “ramp up production of electric vehicles."

Oliver Zipse, who is the president of the ACEA and CEO of BMW, said his industry was “in the midst of a wide push for electric vehicles, with new models arriving steadily.”

DALLAS—There is little evidence that gasoline prices, which hit a record $5 a gallon on Saturday, will drop anytime soon. Rising prices at the pump are a key driver in the highest inflation that Americans have seen in 40 years. Is it going to be $5? Is it going to be $6, or $7? That's the million-dollar question that nobody knows.

now, don't hear any cooking oil shortage! only v hear fuel/gasoline shortage! that is d stock theme to invest!

market don't moves up n down to favor or please specific ppl!

nothing to do with skin colors! only reluctance is Petronm price still too high to make money!

buy more PMBTech (silicon metal producer) n hold long term! d share price is grossly undervalue now n trading below d 4:1 bonus issue price (around 3.55 ex-date)!

Air, land, and sea shipments have all become more expensive as a result of record oil and gasoline costs. These increases in costs have been shifted to consumers, which is one of the primary drivers of inflation. Fuel surcharges are at historic highs, and these adjustments get passed directly on to shippers, and in turn, on to consumers.

High Gas Prices Force UK Fertilizer Plant to Shut.

CF Industries Holdings Inc. will close one of its UK fertilizer plants permanently as it struggles with high energy costs.

Record UK Diesel Jumps Above $2.49 a Liter on Motorways. The pump price for diesel passed £2 ($2.49) a liter for the first time ever on motorway service stations, according to the RAC motoring group. That’s about 6% more than the national average. Petrol also neared £2, feeding into a wider cost-of-living crisis for many.

“Another day and another round of fuel price records,” said Simon Williams, a spokesman for the UK RAC motoring group

Oil posted its seventh weekly gain as tight fuel-supply balances sustain bullish fundamentals. Crude is going to be at the mercy of the markets. Traders assess inflation’s impact on long-term demand. Refiners are churning through as much crude as they can as prices of fuels surge to record highs.

Rising prices at the pump are causing pain for Americans with gasoline on the verge of hitting $5 a gallon. Banks r forecasting gasoline will rise to above $6 by the end of the summer.

China National Petroleum Corp., the nation’s top oil producer forecast rising demand in the third quarter, warning of further disruptions from fresh supply outbreaks.

$$$ small matter for chinaman as long as everyone is happy n make money!

i think after this fall/pullback, Hengyuan price will b on uptrend!

“A gas crisis…15 years in the making.”
It might seem counterintuitive that Australia, the world’s top LNG exporter would face a gas shortage at home.

gud price to buy but Petronm price still high compared to Hengyuan!

least expected hengyuan dropped 6.45% (-40c) when petrol/diesel/gas price r still at historical high! see how next week, up or down?

lucky, sold all yesterday at 7.34! price dropped will buy back!

a gud stock to consider! just wait for better price!

dropped, buy some more, small lots @2.90!

well said kingkong99, these will enlightened MM n encouraged Ahahah n Investmalaysiaa!

well said Johnzhang n Sslee!

should b price uptrend today for PetDag, Hengyuan n Petron! if up above 4%, huat cai lah, everyone gets profit including MM!

see CNN news on fuel/gasoline prices! historical high coast to coast not only in US, Europe but d whole world!

looked at PMBTech? d dropped is natural (acceptable) but not fuel/gasoline industry when d cost of buying this essentials has spiked greatly!

this is d only gud stock in uncertain time (inflation)! why happy make ppl lose money?

ok smart guy, go play PetDag! u will b played out by bigger fish!

true chinese saying " big fish eat small fish"! u hv yr days, cheers!

LMAO, shame on u! same old scary story repeating again n again!

follow d market! buy low sell high! that's d game in stock market to make a decent profit! especially for fuel stocks, don't sell if u lose money!

crack spread dropped is temporary n an excuse to lower d share price! still haven't heard a dropped in price of fuel, gasoline in M'sia or worldwide! d price dropped these 2 days r due to price correction (up to fast)!

consolidation mode! hold another 10 days! next round of uptrend will b above 7.73.

Posted by investor2021trading > 8 hours ago | Report Abuse
can sailang now touched 7.61!

Posted by investor2021trading > 8 hours ago | Report Abuse
sorry, my sailang is to sell n buy on dip for new high!

Posted by investor2021trading > 5 hours ago | Report Abuse
back to 7.73 new high as fuel shortage persist!
..............................................................................................
Posted by probability > 11 seconds ago
........why worry on hedging loss / gain? Its just the effects of lagging 1 month trailing 3 months profit

Posted by probability > 11 seconds ago
..............................why worry on hedging loss / gain? Its just the effects of lagging 1 month trailing 3 months profit
.......................................................
gud job guys...hengyuan still hold steady in morning trade!

back to 7.73 new high as fuel shortage persist!

expecting a strong closing, cheers!

sorry, my sailang is to sell n buy on dip for new high!

can sailang now touched 7.61!

expecting a buy/sell momentum starting tomorrow!

tomorrow morning down a bit but afternoon up a lot!

@stockraider, im looking at more cars on d roads cos' of cheaper fuel price n business for petrol pumps!

@ stockraider, what u see in govt fuel subsidy (ard 30 billion) other than helping d rakyat but indierctly gives huge benefits to PetDag, Hengyuan n Petronm?

"For every RM1 of fuel subsidy, 53 cents go to the T20, while 15 cents benefit the B40. So, for example if the subsidy bill this year is expected to top RM30 billion, over RM15 billion is subsidy to the T20" said Tengku Zafrul.

COLD WAR btw South Korea n North Korea seems started when US (war monger) interfered!

SEOUL (Reuters) -- South Korea and the U.S. fired eight surface-to-surface missiles early on Monday off South Korea's east coast after North Korea launched a barrage of short-range ballistic missiles on Sunday, a South Korea defense ministry official said.

will these further benefit d price of crude oil refineries n better profit margin of crack spread?

SDHB n SAPNRG will still show losses next 3 quarters!

5.95 coming!

The stock market will recover all of its 2022 losses by year-end as the economy avoids recession and Ukraine risks lessen, says Kolanovic of JPMorgan.

Kolanovic reiterated his view that the US economy will avoid a recession this year as consumers remain in solid shape.

The big upside for stocks is a resolution to the Russia-Ukraine conflict, which Kolanovic expects by year-end.

lets proved MM wrong until announcement of Petronm Q2 June '22 result in August!

TP: 7.61

i will sailang when 5.95!

jet fuel has been on d uptrend from USD 2.1/gallon in Dec.'21 to USD 3.91/gallon in April '22.

d high volume indicated Hengyuan in accumulation mode waiting to hit high price b4 July '22

all d big 3 fuel players r expecting higher revenue n profits in their Q2 June '22 quarterly report! as such im allocating PetDag : Hengyuan : Petronm on a shares holding % of 1 : 2 : 7