Updates on crack spread
30 Nov, 2022
Category: Energy
Tags: Crack Spread
Refineries are not going to deliver an outstanding Q4 2022 result too
A crack spread is a spread created in commodity markets by purchasing oil and offsetting the position by selling gasoline and heating oil.
An oil refinery is a facility that takes crude oil and distills it into various useful petroleum products such as gasoline, kerosene, or jet fuel.
Hengyuan Refining Co Bhd, a Bursa-listed refinery had seen its share price plunging today after delivering a loss-making quarter result. The company may also deliver an unsatisfactory result for Q4 2022 as the crack spread had been trading at a negative territory throughout October.
Investors could avoid substantial losses if they track the prices of the crack spread.
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