The experiment in Europe is getting interesting:
https://www.zerohedge.com/geopolitical/lets-get-out-nato-discontent-soars-across-europe-russian-sanctions-backfire

Truth about solar panels and its coming waste problem:
https://www.mackinac.org/blog/2022/bright-panels-dark-secrets-the-problem-of-solar-waste

Post removed.Why?

Now Greta is controlling Germany: https://www.zerohedge.com/political/after-gretas-blessing-germany-extends-life-three-remaining-nuclear-plants

Post removed.Why?

Post removed.Why?

Here is Maybank Investment Bank take on Hibiscus - indeed the Future is Bright:
https://mkefactsettd.maybank-ke.com/PDFS/282827.pdf

More comments on OPEC+ cut for better understanding of the potential effect of the proposed cut: https://www.hellenicshippingnews.com/pimco-opec-production-cuts-show-energy-security-has-a-price/

Rystad, an energy adviser Hibiscus frequently uses, stated that OPEC+ 2M cut provides stability to the oil market, etc.:
https://www.rigzone.com/news/brent_likely_to_hit_100_per_barrel_by_year_end-07-oct-2022-170632-article/

The intrigue of oil price: https://oilprice.com/Latest-Energy-News/World-News/US-Officials-Promised-Saudis-It-Wouldnt-Let-Oil-Market-Collapse.html

The Saudi was tricked once by the previous us President in 2018/9 that sanction Iran oil and at the last moment gave wavier to many countries causing price to collapse. Well, white men speak with forked tongue, Saudi appears to not trusting usa anymore.

Mid-term usa election is on 8/11. The need to posture for lower oil price could be become redundant soon.

twynstar - many thanks

Investment of 270 trillion required to meet net-zero:
https://www.hellenicshippingnews.com/investments-of-270-trillion-needed-to-meet-net-zero-targets-by-2050-study-shows/

Occidental on oil supply tightness:
https://www.zerohedge.com/markets/world-risks-living-oil-shortage-while-warns-occidental-ceo

Why the world still need oil:
https://www.zerohedge.com/energy/ramping-renewables-cant-provide-enough-heat-energy-winter-0

An alternative view about climate change (famine) timeline 39:13
https://www.youtube.com/watch?v=sY8aFSY2zv4

UN control what ones should think:
https://www.zerohedge.com/technology/we-own-science-un-official-admits-they-partner-google-control-search-results

Goldman Sachs is bullish : https://www.zerohedge.com/markets/opec-taking-fed-and-goldman-buying-every-barrell-it-can-find

us congressperson telling banks to stop financing fossil fuel
https://twitter.com/UncommonYield/status/1572743593508638722?s=20&t=EPls7-q0rbA8Uz4VxUolGw

AET or EAT, what are these in the world of oil:
https://www.hellenicshippingnews.com/oil-in-a-decarbonising-world/

Please elaborate dodgy financials, Bruce_Wayne, thank you.

Spare oil capacity at less than 2% of global consumption
https://www.hellenicshippingnews.com/head-of-uaes-adnoc-says-little-room-for-manoeuvre-in-oil-markets/

This is Bank Negara - again a non-elected person
https://www.theedgemarkets.com/article/bnm-financial-sector-vital-manage-climaterelated-risks-support-transition

Sslee, on what basis do you think that oil price will move to 70-80 range?

Where is "SmartMoney" investing:
https://oilprice.com/Energy/Energy-General/Private-Equity-Scoops-Up-Oil-And-Gas-Assets.html

And where the "SmartMoney" is going:
https://oilprice.com/Energy/Energy-General/Private-Equity-Scoops-Up-Oil-And-Gas-Assets.html

Thank you very much twynstar.

UN "threaten" oil & gas again: https://oilprice.com/Latest-Energy-News/World-News/UN-Secretary-General-Fossil-Industry-Is-Feasting-On-Windfall-Profits-As-Plane.html

UN repeats the "threats" to de-fund oil & gas
https://oilprice.com/Latest-Energy-News/World-News/UN-Secretary-General-Fossil-Industry-Is-Feasting-On-Windfall-Profits-As-Plane.html

https://www.hellenicshippingnews.com/lower-oil-prices-defy-robust-forecasts-for-global-demand/

https://www.zerohedge.com/commodities/us-shale-warns-energy-stricken-europe-no-bailout-coming

DBS has just released their "glidepath" to support Asia journey to a low carbon economy.
https://www.dbs.com.sg/documents/1038650/382494047/Our+path+to+net+zero+oil+and+gas.pdf/2e41158a-1a91-8199-c767-d97209360cab?t=1663025549840
IEA - International Evergy Agency provides the guideline on the timeline reduction and the banks, in this case DBS, will provide finance accordingly. Basically, no finance unless the O&G companies move away from oil and gas projects.
Well, the net result should be supply reduction as projects become fewer and fewer due to lack of finance.

twynstar - Thank you for the clarification on operational matters.

OFC have to agree with what CJ said on subject matter not related to Hibiscus dispute on Sabah SST.

Here are the law governing the transfer of Labuan to Federal Government:
https://sagc.sabah.gov.my/sites/default/files/law/FederalTerritoryOfLabuanEnactment1984.pdf
It is very clear as per Article 3, all State's power and jurisdiction shall come to an end. Further, the territory water of Sabah should be 12 nautical miles as Sabah and Sarawak reject the Territory Sea Act 2021. North Sabah and Kinabalu fields are beyond the 12 nautical miles territory water, so the enforcement of SST by Sabah Government on Hibiscus can be considered a low probability.

Greeting twynstar, thank you.

A right way to look at climate change:
https://www.youtube.com/watch?v=Xj7YK6YkM-k

Europe - using wood and coal
https://www.youtube.com/watch?v=Zn6c-UkqlHo&t=345s

Why Saudi / Venezuela / Shale oil not investing in new oil production capacities
https://www.zerohedge.com/energy/tverberg-why-no-politician-willing-tell-us-real-energy-story

German Green - climate change RULE - current conflict in ukraine is god send to the green so that they can push the green agenda in earnest.
https://www.zerohedge.com/political/green-party-official-tells-germans-use-washcloths-instead-taking-showers

ESG - hoax?
https://www.zerohedge.com/political/texas-issues-list-energy-boycotting-firms-banned-working-state

Paper vs Physical ....
https://www.zerohedge.com/energy/oil-spikes-after-saudi-prince-hints-shift-opec-strategy

A winter energy reckoning looms for the West
https://www.ft.com/content/25451156-434a-4c36-96ef-774d99c89688

Climate change or hoax:

https://www.zerohedge.com/weather/there-no-climate-crisis-history-shows-us-earth-has-seen-far-worse

Of course, the emotion and right brain has been in pieces...

I have basically given up on rationalizing the drops.

Nonetheless, unless one is a "day" trader, fundamentally, the oil sector, much like the metal sectors as well, are facing supply constraint. And this will eventually lead to higher prices for the commodities.

As posted before, shale oil is currently facing equipment constraint:

https://www.zerohedge.com/commodities/us-shale-defy-calls-boost-output-they-funnel-profits-shareholders

The estimates provided do not include any one-off items like impairment, negative or positive goodwill or such income / expenses.

Latest on oil price cap on Russian oil.
https://www.hellenicshippingnews.com/g7-aim-to-have-price-cap-on-russian-oil-in-place-before-dec-5/
Best on experience of recent chicken price cap, what would the Russian do?

Current "soft" oil price (how can it be call low when it is >100 or for that matter >80) run be coming to an end:

https://oilprice.com/Energy/Crude-Oil/Traders-Are-Betting-On-The-End-Of-The-Oil-Price-Slump.html

While a drop in oil price is certainly good news all round, expectation that it will return to mid tens would be misplaced. OFC, another lock-down like 1Q2020 might happen, it is a rather low probability event (except in China).
Do note that CPO has fallen back to near normal as well as most other commodities (including grains). Thus, going forward, pressure on food prices should be down rather than up. This would mean oil demand will return to an uptrend. Already at usd >80 is profitable, now at >100 (for next couple of years) is super profitable.
Current sentiment of demand destruction / recession (already in the west) could turn pretty fast to supply not meeting demand.
Supply not meeting demand has not gone away all this time and will remain so for next 3 years at least. In addition, this will be the first time that spare capacity will all be used up as illustrated by Saudi only able to increase CAPACITY (NOT production) to 13mbpd by 2027.

Yesterday price rout is worst-case scenario. Please do not forget that it is not only Hibiscus, Petronas (via Carigali as co-owner of NSabah) is also affected.