QUOTE(Duckies @ Jan 8 2021, 03:47 PM)
Eh need to be 70USD/bbl only gain? I thought only 50USD/bbl?
I know Hibiscus, Valesto and Petronm is upstream as in korek oil. Hengyuan is doing refinery right? Consider upstream also?
Dayang I think is doing ship maintenance which is middlestream.
So upstream benefits first from increase of oil price?
actually is alot more complicated. In upstream we have Operator which is oil producing company like Hibiscus, Petronas, shell etc. Then we have service company is like Velesto those, velesto doesnt producing oil, they provide korek oil service. Then we have Dayang, Serba dinamik, petra etc which provide maintenance, vessel leasing services. Also upstream we have EPCIC contractor doing fabrication of topsides and FPSO like MMHE which is under MISC.
then we have midstream, which is providing oil storage, processing or transportation service. Dialog is the more prominent midstream company but they also have upstream and downstream i think? Probably bumi armada also falls under here which FPSO can be considered part of midstream.
Downstream is more to refinery, we have like Petronas also in downstream business because they have refinery, shell malaysia only sell gasoline refined by Hengyuan, but shell also in downstream business like SMDS and lubricant. Hengyuan and Petron is same both pure downstream.
I believe upstream is favorable when oil price go up. Midstream up down also untung. Downstream when oil price drop they should be happy because lower cost. correct me if im wrong.