People in Hong Kong create super chaebols

Chapter 305: 1.7 billion barrels of crude oil, ready to be sold!
With 3 million Hong Kong dollars, at least [-] points of Hong Kong Electric Group stock can be purchased.

Although it can only last for a few days at most, it is enough for Su City.

Because, there are already oil traders purchasing crude oil from Tianwen Oil Company in Sioux City.

This matter was reported to Su City by phone yesterday when Li Yihui, the president of Tianwen Petroleum Company, was resting at home.

Since the international supply of crude oil is seriously insufficient, even when oil prices continue to rise, it is still not enough. Therefore, Sioux City, which holds 1.7 million barrels of crude oil, has become the target of many customers who are short of oil.

1.7 million barrels of crude oil, this is not a small amount.

According to Li Yihui's news, oil refining companies in Japan, South Korea, Singapore and other places are currently purchasing oil from Wentian Oil Company.

Japan and South Korea have developed rapidly in recent years, so their economies are very good, and their energy needs are naturally increasing.

Although they have always bought oil from oil-producing countries such as the Middle East, under the current situation, it is impossible for those oil-producing countries to give them enough. Basically, each customer gives some.

What about the remaining vacancies?Then we can only let them figure it out on their own.

Therefore, they focused on Tianwen Oil Company, which owned a full 1.7 million barrels of crude oil.

Because Xiangjiang is very close to them, even if the price is the same, at least they can save some transportation fees.And the transportation speed can also be much faster.

As for Singapore, although their country has a small population, it cannot use much oil.

But Singapore is now one of the three largest oil refining centers in the world, with many oil giants.

Therefore, their demand for crude oil is very large.

After crude oil is refined into various products, it can be sold around the world.

The Governor of Hong Kong, Mai Lihao, also had this idea and wanted Hong Kong to become one of the world's oil refining centers like Singapore.

Back to the topic, 1.7 million barrels of crude oil is a very huge number.

So this is his confidence.

Sioux City read the newspaper this morning. The international crude oil price has risen to 36.4 US dollars per barrel.

It was only five days later. Before returning to Xiangjiang, Su Cheng paid attention to the oil price in the Hollywood hotel. At that time, it was only 33.8 US dollars per barrel.

At this rate, it won't take long for international oil prices to rise above $40.

$40 is already a price that Sioux City is very satisfied with.

After all, the average price of buying oil back then was just over $10.

Even including transportation costs, the average gas price is only about 12 US dollars.

Therefore, at US$40 per barrel, Sioux City can already make a lot of money.

In the second world oil crisis in another world, oil prices will indeed rise to 40 US dollars, but that will take some time.

In this world, because of Sioux City's early intervention, it allowed him to collect 1.7 million barrels of crude oil in advance. Such a situation will naturally lead to a rapid decrease in the world's well-exploited crude oil storage.

Therefore, the price of crude oil has risen faster than in another world.

However, what Sioux City doesn’t know is, after it rises to 40 US dollars, will this price reach its peak?

Because, in Sioux City's previous life, $40 was the top.

According to Xiao Ai's analysis, US$40 should not be the peak, and can even rise to US$50. This is why Sioux City has not panicked.

Now that oil prices have risen so much, it is time to start slowly shipping.

This oil crisis will last for nearly two years, so Sioux City has no fear of not being able to sell the 1.7 million barrels of crude oil.Moreover, after oil prices rise, even if the oil crisis is over, oil prices will not fall back to around $13 soon.

Capitalists and petro-states simply won’t allow it!

Despite this, oil prices must reach a peak, but when this peak will be is a question.

According to the information given by Xiao Ai, during the second world oil crisis in another world, the period from January 1979 to May 1 became the peak of oil prices in this wave of oil crises, and oil prices were once stable at US$1979.

Now, the oil price has risen so much in advance, and it is estimated that it will not fall by January next year.

But there will always be a limit to the increase, and it cannot continue to rise like this.

Therefore, Xiao Ai's prediction is that the highest price rises to between US$40 and US$60.

Su Cheng is not a very greedy person, so he has already planned to slowly start shipping after the price reaches 40 US dollars per barrel.

Anyway, he doesn't know how high the increase in crude oil will reach this time.

Get it when you see it!

Once shipments begin, Su City's funds will naturally begin to be abundant.

Zhang Qizheng was a little surprised when he heard Su Cheng's words. Could it be that the boss still had funds?

As the head of a private investment company in Su City, Zhang Qizheng naturally knows the trends in Su City very well.

Although it is not clear how many assets he has, Zhang Qizheng can still roughly know where his boss has obtained funds recently.

Most of these are operated by his hands, and Zhang Qizheng understands them very well!

Therefore, seeing that Su Cheng is so confident, he is definitely confident.

"Boss, do you have any other projects where you can make money?" Zhang Qizheng asked curiously.

Given the relationship between Zhang Qizheng and Su Cheng, Su Cheng would certainly not be angry at this.

"I have no plans to do any money-making projects recently. Are you asking me what confidence I have?" Su Cheng asked with a smile.

"Boss, you are so direct." Zhang Qizheng nodded and said.

This was what he was curious about.

There was no need for Su Cheng to hide this matter from Zhang Qizheng, because he would know about it soon.

"My 1.7 million barrels of crude oil are almost ready to be sold. If nothing else happens, in a few days I will begin to gradually sell the crude oil I have hoarded in advance." Su Cheng said with a smile.

After hearing Su Cheng's words, Zhang Qizheng no longer worried about insufficient funds.

You know, some time ago, he also served as the interim general manager of Tianwen Oil Company.

At the beginning, he personally welcomed a lot of crude oil back to Hong Kong.

"Boss, sometimes I really admire you, you are so prescient!" Zhang Qizheng was very emotional looking at the young boss in his early twenties.

"Actually, everyone knows about the situation in Persia. Large-scale demonstrations began at the beginning of this year. It's just that no one thought about the oil crisis. And I have long felt that there is a high chance that this will happen. Like in 1973, the oil crisis broke out again, so I decided to take a gamble of 100 billion Hong Kong dollars. If the bet won, just like now, if the bet loses, I will not lose anything. Crude oil itself is a circulating commodity!" Su Cheng explained with a smile.

In January 1978, large-scale demonstrations against the Persian monarchy took place in Persia. Everyone knows this.

However, no one expected that this demonstration actually became the beginning of the Persian Revolution.

This is also Su Cheng's best excuse.

(End of this chapter)