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RON97 went up?
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<blockquote data-quote="TitanRev" data-source="post: 1063397787" data-attributes="member: 10047"><p>I've do some read up from the web lately. Here's my findings and my 2 cents comments</p><p></p><p>There is something called the Crude Oil Assay</p><p>It's the chemical evaluation of crude oil feedstocks by petroleum testing laboratories. Each crude oil type has unique molecular, chemical characteristics. No crude oil type is identical and there are crucial differences in crude oil quality. The results of crude oil assay testing provide extensive detailed hydrocarbon analysis data for refiners, oil traders and producers. Assay data help refineries determine if a crude oil feedstock is compatible for a particular petroleum refinery or if the crude oil could cause yield, quality, production, environmental and other problems.</p><p></p><p>Then there's mainly 2 types of crude oil:</p><p>1. Sweet crude oil. Contains less than 0.5% sulfur it also contains small amounts of hydrogen sulfide and carbon dioxide. High quality, low sulfur crude oil is commonly used for processing into gasoline and is in high demand, particularly in the <strong>industrialized nations</strong>.</p><p></p><p>2. Sour crude oil. Not suitable for gasoline mostly turn into heavy oil such as diesel or fuel oil.</p><p></p><p>So this explain why Diesel is also cheaper then gasoline. </p><p></p><p>Now, since we know some info about the oil thing. If we look at the matter from a business POV. Malaysia is still not consider as a heavy industrialized country. Our usage of fuel is not really much if compare to other countries. If you look at the chart of Oil consumption globally. The graph is from 2007.</p><p><a href="http://www.nationmaster.com/graph/ene_oil_con-energy-oil-consumption" target="_blank">Oil consumption (most recent) by country</a></p><p></p><p>Malaysia is ranked #31 much lower than Indonesia, Thailand and Singapore..even South Africa use more oil than us. </p><p></p><p>A more updated information for oil consumption globally.</p><p><a href="http://www.einfopedia.com/oil-consumption-top-oil-consuming-countries.php" target="_blank">Oil Consumption: Top Oil Consuming Countries In The World</a></p><p></p><p>Then I saw this: </p><p><a href="http://www.guardian.co.uk/news/datablog/2010/jun/09/bp-energy-statistics-consumption-reserves-energy#" target="_blank">http://www.guardian.co.uk/news/datablog/2010/jun/09/bp-energy-statistics-consumption-reserves-energy#</a></p><p></p><p>From 2007, Malaysia consumption of 501,100bbl/day drop to 468,000bbl/day in 2009. </p><p></p><p>So if I'm a oil producing company. I would sell my stock to the buyer that can offer me the best price and have an increasing strong & constant buying volume. For Malaysia, I think the buying volume is very less and not profitable. </p><p></p><p>A more likely scenario is that Malaysia's crude oil production is not enough to supply its own country hence we need to buy from other countries. </p><p></p><p>Well, this is just my view. I might be wrong..</p></blockquote><p></p>
[QUOTE="TitanRev, post: 1063397787, member: 10047"] I've do some read up from the web lately. Here's my findings and my 2 cents comments There is something called the Crude Oil Assay It's the chemical evaluation of crude oil feedstocks by petroleum testing laboratories. Each crude oil type has unique molecular, chemical characteristics. No crude oil type is identical and there are crucial differences in crude oil quality. The results of crude oil assay testing provide extensive detailed hydrocarbon analysis data for refiners, oil traders and producers. Assay data help refineries determine if a crude oil feedstock is compatible for a particular petroleum refinery or if the crude oil could cause yield, quality, production, environmental and other problems. Then there's mainly 2 types of crude oil: 1. Sweet crude oil. Contains less than 0.5% sulfur it also contains small amounts of hydrogen sulfide and carbon dioxide. High quality, low sulfur crude oil is commonly used for processing into gasoline and is in high demand, particularly in the [B]industrialized nations[/B]. 2. Sour crude oil. Not suitable for gasoline mostly turn into heavy oil such as diesel or fuel oil. So this explain why Diesel is also cheaper then gasoline. Now, since we know some info about the oil thing. If we look at the matter from a business POV. Malaysia is still not consider as a heavy industrialized country. Our usage of fuel is not really much if compare to other countries. If you look at the chart of Oil consumption globally. The graph is from 2007. [url=http://www.nationmaster.com/graph/ene_oil_con-energy-oil-consumption]Oil consumption (most recent) by country[/url] Malaysia is ranked #31 much lower than Indonesia, Thailand and Singapore..even South Africa use more oil than us. A more updated information for oil consumption globally. [url=http://www.einfopedia.com/oil-consumption-top-oil-consuming-countries.php]Oil Consumption: Top Oil Consuming Countries In The World[/url] Then I saw this: [url]http://www.guardian.co.uk/news/datablog/2010/jun/09/bp-energy-statistics-consumption-reserves-energy#[/url] From 2007, Malaysia consumption of 501,100bbl/day drop to 468,000bbl/day in 2009. So if I'm a oil producing company. I would sell my stock to the buyer that can offer me the best price and have an increasing strong & constant buying volume. For Malaysia, I think the buying volume is very less and not profitable. A more likely scenario is that Malaysia's crude oil production is not enough to supply its own country hence we need to buy from other countries. Well, this is just my view. I might be wrong.. [/QUOTE]
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