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2.88% 5.1¢ byron energy limited

Hi all, Heating oil has spiked up. Check out the graph on...

  1. badger192
    562 Posts.
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    28/03/22
    14:48
    Post #: 60469881

    Hi all,

    Heating oil has spiked up. Check out the graph on oilprice.org. It's usually $US2 now it's $US4. I am guessing this is because fracking produces condensate and gas which is traded by the US for heavy oils (from Russia, Canada ). The heavier oils produce diesel (Trucks), heating oil, bunker oil (shipping) and bitumen (roads). So if this holds then shipping/trucking just got more expensive in America.

    Rationing Looms As Diesel Crisis Goes Global
    https://oilprice.com/Energy/Energy-General/Rationing-Looms-As-Diesel-Crisis-Goes-Global.html

    How much Diesel/Jet fuel can be recovered from the oil BYE produce oil (LL)?

    All disclaimers.
    Last edited by badger192: 28/03/22
    BYE Price at posting: 15.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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