Company Overview - Suburban Propane Partners, L.P. is a publicly traded master limited partnership listed on the NYSE, headquartered in Whippany, New Jersey, and has been in the customer service business since 1928 [5] - The company distributes propane, renewable propane, renewable natural gas, fuel oil, and related products and services, and also markets natural gas and electricity, servicing approximately 1 million customers across 700 locations in 42 states [5] Community Engagement - Suburban Propane is the main sponsor of the Track to Table event, which merges NASCAR with fine dining and charitable giving, benefiting Speedway Children's Charities Sonoma [1][2] - The company emphasizes its commitment to community-focused initiatives through its SuburbanCares platform, aiming to support local organizations and programs that impact children and families in need [3][6] Event Highlights - The Track to Table event features a culinary experience with wine pairings from local wineries and an acoustic performance by country music artist Tim Dugger, along with a live charity auction [4] - The event is designed to celebrate the food and wine of Sonoma while supporting vulnerable children and families [4] Corporate Values - Suburban Propane operates under three core pillars: Suburban Commitment, SuburbanCares, and Go Green with Suburban Propane, focusing on customer service excellence, community support, and promoting renewable energy alternatives [6]

Core Points - Delixy Holdings Limited successfully closed its initial public offering (IPO) of 2,000,000 ordinary shares at a public offering price of US$4.00 per share, raising total gross proceeds of US$8 million [1][3] - The ordinary shares began trading on the Nasdaq Capital Market under the ticker symbol "DLXY" on July 9, 2025 [2] - Proceeds from the offering will be utilized for expanding product offerings, strengthening market position, potential strategic acquisitions, and general working capital [4] Company Overview - Delixy Holdings Limited is a Singapore-based company engaged in trading oil-related products, including crude oil and various oil-based products such as fuel oils, motor gasoline, and petrochemicals [8] - The company operates across Southeast Asia, East Asia, and the Middle East, establishing a strong presence in the region's oil trading markets [8] - Delixy leverages strong relationships with customers and suppliers, providing value-added services and financing capabilities to enhance its trading operations [8]

Singapore, July 08, 2025 (GLOBE NEWSWIRE) -- Delixy Holdings Limited (the “Company” or “Delixy”), a Singapore-based company engaged in the trading of oil related products, today announced the pricing of its initial public offering (the “Offering”) of 2,000,000 ordinary shares, par value US$0.000005 per share, (“Ordinary Shares”), 1,350,000 of which are being offered by the Company and 650,000 by the selling shareholders Mega Origin Holdings Limited (as to 325,000 Ordinary Shares) and Novel Majestic Limited ...

市场洞察 - Marquee 市场洞察|市场|商品 GS 成品油追踪——夏季汽油价格上涨 GS 精炼产品追踪器： 交易理念：漫⻓的夏季 RBOB 破解： 总体⽽⾔：清洁产品供需平衡依然紧张，⽽⽣产激励措施将有利于中质馏分油（当原油供应限制 放松时）。市场对任何供应中断或需求意外（⽬前正处于旺季）的承受能⼒不⾜。 1/20 季节性表现强劲：过去10个7⽉中，RBOB裂解价差有7个出现上涨，平均上涨2美元/桶。历 史最⼤涨幅为8.1美元/桶，⽽最⼤跌幅为3.2美元/桶——⻛险回报状况良好。 产量转换à RBOB 热能极其混乱，与过去 10 年相⽐处于区间底部。我们认为这主要是由于 原油供应限制à尽管减产解除，但 OPEC+ 的重质酸性原油出⼝尚未回升，⽽是被⽤于中东国 内燃料燃烧（旺季）。因此，由于替代原料供应有限，依赖于重质原油的馏分油产量受到限 制。⽬前较轻的原油供应导致产量落后于⽣产激励。如果我们看到进⼊美国的中质和重质 酸性原油增加，炼油⼚将能够转向最⼤化馏分油产量。这种转变将减少汽油产量，收紧 RBOB 供应并⽀持裂解价差。 与三年历史相⽐， 定位处于第 11 个百分位 飓⻛季节à我们正处于⼀年中飓⻛ ...

6月25日，国内期市能化板块跌幅居前。其中，燃料油期货主力合约开盘报3062.00元/吨，今日盘中低 位震荡运行；截至发稿，燃料油主力最高触及3071.00元，下方探低2996.00元，跌幅达6.11%附近。 南华期货（603093）分析称，供给端俄罗斯和伊朗出口减少，但新加坡进口仍高位，进料需求回升，库 存端新加坡和中东浮仓库存回升，整体市场供应充裕，导致燃料油价格震荡。 目前来看，燃料油行情呈现震荡下行走势，盘面表现偏弱。对于燃料油后市行情将如何运行，相关机构 观点汇总如下： 中财期货指出，6月23日，中国舟山低硫燃料油保税船供卖方报价较LU2507结算参考价升贴水+99元/ 吨，为4089元/吨；中国舟山高硫燃料油保税船供卖方报价较FU2507结算参考价升贴水263元/吨，为 3657元/吨。地缘冲突方面，伊朗和以色列的冲突仍有升级的可能。周末美国对伊朗发动了大规模的空 袭，针对伊朗的核设施进行了轰炸。特朗普方面称核设施受到严重破坏，而伊朗方面则称主要受损的是 地上部分，且可以修复。但美军这一举动意味着美方已正式入局，中东事态有所升级。预计燃料油震 荡。 瑞达期货（002961）表示，伊朗与以色列冲突停 ...

燃料油期货仓单24750吨，环比上个交易日持平； 石油沥青厂库期货仓单39350吨，环比上个交易日增加3000吨； 6月16日，国内期市原油系全线上涨，原油主力涨逾5%。具体来看，截止目前，原油主力上涨5.68%， 报542.90元/桶；燃料油主力上涨3.09%，报3267.00元/吨；低硫燃料油主力上涨1.02%，报3864.00元/ 吨；液化石油气主力上涨3.35%，报4418.00元/吨。 6月16日原油系期货价格行情 | 合约名称 | 开盘价 | 昨收价 | 昨结价 | | --- | --- | --- | --- | | SC原油 | 539.40 | 529.90 | 513.70 | | 燃料油 | 3252.00 | 3205.00 | 3169.00 | | 沥青 | 3650.00 | 3628.00 | 3639.00 | | 液化石油气 | 4366.00 | 4342.00 | 4275.00 | | 低硫燃料油 | 3874.00 | 3829.00 | 3825.00 | 6月13日，商品仓单数据显示： 中质含硫原油期货仓单4029000桶，环比上个交易日持平； 液化石油气期货 ...

6月13日，国内期市原油系板块全线上行，原油主力涨近9%。具体来看，截止目前，原油主力上涨 8.98%，报535.20元/桶；燃料油主力上涨8.15%，报3225.00元/吨；低硫燃料油主力上涨6.24%，报 3867.00元/吨；液化石油气主力上涨5.11%，报4360.00元/吨。 6月13日原油系期货价格行情 石油沥青厂库期货仓单36350吨，环比上个交易日持平； 液化石油气期货仓单9010手，环比上个交易日减少125手； 低硫燃料油仓库期货仓单0吨，环比上个交易日持平； 截止北京时间6月12日，据基差数据显示：燃料油、沥青、液化石油气、低硫燃料油品种合约出现'期现 倒挂'(现货价格高于期货价格)现象。 商品名称 现货价格 合约 价格 基差 基差率 燃料油 5287.5 2509 2982 2305 43.59% 沥青 3620 2509 3508 112 3.09% 液化石油气 4797.5 2508 4033 764 15.92% 低硫燃料油 3689 2508 3645 44 1.18% 备注：基差=现货价格-期货价格。 | 合约名称 | 开盘价 | 昨收价 | 昨结价 | | --- | --- ...

Core Viewpoint - The domestic futures market for crude oil and related products experienced a significant increase on June 12, with crude oil and fuel oil prices rising nearly 3% [1] Group 1: Price Movements - As of June 12, the main crude oil futures rose by 2.99% to 495.60 CNY per barrel [1] - Fuel oil futures increased by 2.85% to 3000.00 CNY per ton [1] - Low sulfur fuel oil futures rose by 2.27% to 3647.00 CNY per ton [1] - Asphalt futures saw a rise of 1.35% to 3523.00 CNY per ton [1] Group 2: Futures Price Data - The opening price for SC crude oil was 486.60 CNY, with a previous close of 478.10 CNY and a last settlement price of 481.20 CNY [2] - Fuel oil opened at 2952.00 CNY, with a previous close of 2912.00 CNY and a last settlement price of 2917.00 CNY [2] - Asphalt opened at 3493.00 CNY, with a previous close of 3461.00 CNY and a last settlement price of 3476.00 CNY [2] - Liquefied petroleum gas opened at 4154.00 CNY, with a previous close of 4130.00 CNY and a last settlement price of 4119.00 CNY [2] - Low sulfur fuel oil opened at 3617.00 CNY, with a previous close of 3563.00 CNY and a last settlement price of 3566.00 CNY [2] Group 3: Warehouse Data - As of June 11, the warehouse data showed that the medium-sulfur crude oil futures warehouse stood at 4,029,000 barrels, unchanged from the previous trading day [3] - Fuel oil futures warehouse was at 24,750 tons, also unchanged from the previous trading day [3] - Asphalt futures warehouse was at 36,350 tons, remaining stable from the previous trading day [3] - Liquefied petroleum gas futures warehouse decreased by 205 contracts to 9,135 contracts [3] - Low sulfur fuel oil warehouse reported 0 tons, down by 1,000 tons from the previous trading day [3] Group 4: Basis Data - The basis data indicated a phenomenon of 'backwardation' for fuel oil, asphalt, liquefied petroleum gas, and low sulfur fuel oil, where spot prices exceeded futures prices [3] - For fuel oil, the spot price was 5275 CNY, with a futures price of 2917 CNY, resulting in a basis of 2358 CNY and a basis rate of 44.70% [3] - For asphalt, the spot price was 3630 CNY, with a futures price of 3476 CNY, leading to a basis of 154 CNY and a basis rate of 4.24% [3] - For liquefied petroleum gas, the spot price was 4797.5 CNY, with a futures price of 4119 CNY, resulting in a basis of 678 CNY and a basis rate of 14.13% [3] - For low sulfur fuel oil, the spot price was 3648 CNY, with a futures price of 3563 CNY, leading to a basis of 85 CNY and a basis rate of 2.32% [3]

6月10日，国内期市原油系板块全线飘红，原油主力涨近2%。具体来看，截止目前，原油主力上涨 1.69%，报481.80元/桶；燃料油主力上涨1.33%，报2980.00元/吨；低硫燃料油主力上涨1.02%，报 3573.00元/吨；液化石油气主力上涨0.58%，报4129.00元/吨。 低硫燃料油仓库期货仓单1000吨，环比上个交易日持平； 截止北京时间6月9日，据基差数据显示：燃料油、沥青、液化石油气、低硫燃料油品种合约出现'期现 倒挂'(现货价格高于期货价格)现象。 商品名称 现货价格 合约 期货价格 基差 基差率 燃料油 5275 2509 2881 2394 45.38% 石油沥青 3630 2509 3511 119 3.28% 液化石油气 4782.5 2507 4105 677 14.16% 低硫燃料油 3597 2508 3514 83 2.31% 中质含硫原油期货仓单4029000桶，环比上个交易日持平； 燃料油期货仓单28950吨，环比上个交易日持平； 石油沥青厂库期货仓单36350吨，环比上个交易日持平； 液化石油气期货仓单9340手，环比上个交易日持平； 6月10日原油系期货价格行情 ...

Summary of China Oil Data Digest - April 2025 Industry Overview - The report focuses on the oil industry in China, summarizing supply, apparent demand, and trade data for April 2025. Key Points Apparent Demand and Supply - Chinese apparent oil demand decreased by 410 thousand barrels per day (kb/d) year-on-year (YoY) in April, primarily due to refinery maintenance impacting product supply and leading to a rapid build-up of crude stocks [2][5][11] - Apparent diesel demand fell by 110 kb/d month-on-month (MoM) and was down 9% YoY, aligning with weakening manufacturing PMIs [11][18] - Apparent gasoline demand dropped 13% YoY to 3.16 million barrels per day (mb/d), with a 150 kb/d decrease from March [21][27] - Jet fuel demand weakened sharply, falling by 145 kb/d MoM and 19% YoY, although total flight numbers increased slightly [30][36] Crude Imports and Exports - Chinese crude imports softened in April but still reached a seasonal record of 11.7 mb/d, with a 370 kb/d MoM decrease but an increase of 830 kb/d YoY [3][7][58] - Imports of Iranian oil fell by 530 kb/d MoM due to increased caution among refiners following US sanctions [3][60] - Strong imports from Russia and Brazil were noted, as Chinese refiners opted for cheaper grades amid high premiums for Middle Eastern crude [3][61] Refinery Operations - Refinery throughput dropped sharply by 740 kb/d MoM due to intensified seasonal maintenance, particularly at Sinopec [4][65] - Independent refiners increased utilization rates to a 14-week high of 47.5% to capitalize on stronger domestic margins [4][132] - Overall, refinery runs were down 180 kb/d YoY, marking the second consecutive month of decline [126][130] Product Exports and Imports - Refined product net exports weakened in April, driven by tighter supply and weak export margins, leading refiners to retain more supply domestically [5][73] - LPG imports increased by 140 kb/d MoM, reaching an all-time high for April, as buyers stocked up amid rising US-China trade tensions [40][78] - Naphtha imports are expected to strengthen in May and June due to increased attractiveness as a feedstock following high tariffs on LPG [49][50] Economic and Trade Context - The manufacturing PMI index fell to 49.0 in April, indicating contraction and reflecting the impact of US-China trade tensions [8][11] - The overall outlook for Chinese trade remains gloomy, with export growth expected to decelerate to 0% for 2025 [13][12] - The Chinese government released a second batch of clean product export quotas for 2025, totaling 12.8 million tons, slightly down from the previous year [98][101] Inventory Changes - China's crude stocks built rapidly, adding approximately 36 million barrels in April, while observable product inventories drew by 7.1 million barrels [158][165] - Diesel stocks drew by 4.0 million barrels, and gasoline stocks drew by 3.1 million barrels, driven by healthy demand for public holiday travel [159][163] Future Outlook - The YoY reduction in diesel demand is expected to widen further as the negative effects of tariffs on domestic manufacturing continue [16] - Despite a high level of refinery outages in April, which supported margins, a weakening outlook for demand is anticipated in the second half of 2025 [115][125] Additional Insights - The report highlights the significant impact of geopolitical factors, such as US sanctions and trade tensions, on China's oil demand and supply dynamics [12][60][136] - The shift in crude sourcing from Middle Eastern suppliers to Russian and Brazilian grades indicates a strategic response to pricing pressures and sanctions [61][64] This summary encapsulates the critical data and insights from the April 2025 oil data digest, providing a comprehensive overview of the current state and future outlook of the Chinese oil industry.