Chapter 299 Will there be negative oil prices?



Zheng Zanyong thought carefully for a moment and said:

"If oil prices go negative, the hardest hit will be the refining and chemical companies, whose already difficult situation will be exacerbated... Secondly, the impact on financial and securities companies will also be very significant."

"I thought of this, so I called you here. Let's prepare in advance and figure out how to avoid losses in this situation and then look for opportunities to generate revenue. In the long run, oil prices will rise to $40 a barrel."

One of the purposes of Park Jin Hyuk discussing this topic with Jung Chan Yong was to remind him to prepare in advance.

"I understand. I'll start preparing right away. However, Chairman..."

"Go ahead."

"If negative oil prices really occur, DS Energy will suffer huge losses."

Park Jin Hyuk smiled and said:

"Only you, me, and President Guo of JH Investment know about this matter."

"You mean we can't tell anyone else?"

"Such a good card should be kept in hand, why tell others?"

"Chairman, DS Energy might go bankrupt."

"And it brought down DS Heavy Industries along with it."

"this……?"

If both DS Energy and DS Heavy Industries go bankrupt, it will have a huge impact on the DS Group.

Park Jin Hyuk looked at Jung Chan Yong calmly.

"President Zheng, I've already anticipated negative oil prices. Do you think I'm completely unprepared for the potential problems this could cause for DS Group?"

Zheng Zanyong quickly admitted his mistake and said:

"I'm sorry, Chairman, it seems I'm overthinking it."

"It's nothing. I know you're also concerned about DS. Oil prices will continue to fall, so you need to avoid losses first, and then figure out how to gain profits."

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