"It seems they're using a diversified investment approach. So what's the current ratio between futures and spot trading?"
"Assuming that oil prices have bottomed out, we have significantly increased our spot purchases and intend to reserve more inventory at this price."
"Why do you say it has reached the lowest point?"
"this……"
Jin Junyu hesitated to speak.
"There are only two of us here, is there anything we can't talk about?"
"Because I haven't had time to confirm this news yet."
"It's okay, go ahead."
Jin Junyu then said:
Experts have long held that oil prices will not fall below $35. If they do, the US shale oil industry will be severely impacted, rendering it uncompetitive. Therefore, the US government will not sit idly by. Furthermore, while Saudi Arabia, Russia, and the UAE have previously stated they will increase production, these are merely rhetoric, not action. Therefore, experts believe that with US mediation, oil prices will return to $40 per barrel or even higher.
"So that's why DS Energy decided to buy a large amount of spot?"
"This is not DS Energy's own decision."
“That’s…?”
Park Jin Hyuk looked at Kim Jun Woo with a puzzled look.
"It's the president's decision."
“What is the current spot-futures ratio?”
"Futures 10%, spot 90%."
"Are you crazy? This is a complete gamble."
As a large enterprise with an annual revenue of nearly 90 trillion yuan (about 476.2 billion RMB), operational stability should be the top priority. The current measures are too radical.
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