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I switched from Hibiscus to Hengyuan this time cause the percentage is always higher here. 400mil oil barrels confirmed to release. Sources say it could last for 20 days but i think the release wouldn’t help much.
It's not how high the oil price is but the refining margins that matters which will translate to profits. currently the refining margins at least 4 times more than.under normal conditions
Latest news:
1) Israel said they will keep bombing Iran for at least 3 weeks.
2) Straits of Hormuz may be passed if transaction with Chinese Yuan but so far no one dares to try yet. The last saying was also a lie when Bangkok tanker was grounded.
3) No countries dare to support Trump to safeguard the Straits
As of today, the oil disruption is still exists and Israel- Iran-US keeps attacking each other.