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0.90   +0.01 (1.12%)  0.89 - 0.92  5,708,900
36,787 comment(s). Last comment by MrsLee at Jan 28, 2022 7:34 PM
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bullmarket1628
2124 posts

Posted by bullmarket1628 > Jan 7, 2022 7:42 AM | Report Abuse

Oil extends rally on Kazakhstan unrest and Libyan outages 6.35am 5-1-2022
By Jessica Resnick-ault

https://www.reuters.com/markets/europe/oil-falls-one-month-high-opec-supply-plans-us-fuel-inventory-surge-2022-01-06/
* Russia moves paratroopers into Kazakhstan to quell uprising
* Libyan oil output down to 729,000 bpd, NOC says
* Market shrugs off U.S. fuel stock surge, OPEC+ output hike


bullmarket1628
2124 posts

Posted by bullmarket1628 > Jan 7, 2022 7:43 AM | Report Abuse

NEW YORK, Jan 6 (Reuters) - Oil prices rose about 2% on Thursday, extending their new year's rally, on escalating unrest in OPEC+ oil producer Kazakhstan and supply outages in Libya.
Brent crude futures rose $1.19 cents, or 1.5%, to settle at $81.99 a barrel, after hitting their highest since late November. U.S. West Texas Intermediate (WTI) crude gained $1.61, or 2.1%, to $79.46. The contract touched a session high of $80.24.

Russia sent paratroopers into Kazakhstan to help quell a countrywide uprising after deadly violence spread across the tightly controlled former Soviet state.
There were no indications that oil production in Kazakhstan has been affected so far. The country produces about 1.6 million barrels of oil per day.
Meanwhile in Libya, oil output was at 729,000 barrels per day, the National Oil Corp said, down from a high of more than 1.3 million bpd last year, owing to maintenance and oilfield shutdowns.
Global benchmark Brent's six-month backwardation stood at about $4 a barrel, its widest since late November. Backwardation is a market structure where current prices trade at a premium to future prices and is usually a sign of a bullish market.
Prices have rallied since the start of the year despite OPEC+ sticking to an agreed output target rise and a surge in U.S. fuel stockpiles.
"OPEC production, while it did increase, disappointed the market - it is not going to be enough to keep up with demand," said Phil Flynn, an analyst at Price Futures Group in Chicago.
OPEC+, a group that includes members of the Organization of the Petroleum Exporting Countries, Russia and other producers, agreed on Tuesday to add another 400,000 bpd of supply in February, as it has done each month since August as it gradually relaxes 2020's cuts as demand recovers from the pandemic.
However, the increase in OPEC's output in December has again undershot the rise planned under the OPEC+ deal, a Reuters survey found on Thursday, highlighting capacity constraints.
JP Morgan forecast Brent to average at $88 a barrel in 2022, up from $70 last year.
"Our reference case now assumes the alliance will fully phase out the remaining 2.96 million bpd of oil production cuts by September 2022," the bank's analysts said in a note.
Government data on Wednesday showed that U.S. gasoline inventories surged by more than 10 million barrels last week, the biggest weekly build since April 2020, as supplies backed up at refineries because of reduced fuel demand.
Crude inventories in the United States, the world's top consumer, have fallen for six consecutive weeks by the end of the year to 417.9 million barrels, their lowest since September, the data showed.
U.S. crude futures suggest supplies will remain tight early in the new year. A barrel of oil for delivery in June is selling at a $4.10 premium to a barrel for delivery in December, the highest since Nov. 2, a signal of near-term rising demand.
Meanwhile, the world's top oil exporter, Saudi Arabia, cut the official selling price for all grades of crude it sells to Asia in February by at least $1 a barrel, three sources with knowledge of the matter said.


Chung
520 posts

Posted by Chung > Jan 7, 2022 1:53 PM | Report Abuse

nashvz Everyday you park to sell at Dayang C-19 at 5 cents, Everyday in this forum you ask peoples buy Dayang-C19....Very smart....hahahaha


RCZ2020
589 posts

Posted by RCZ2020 > Jan 11, 2022 9:57 PM | Report Abuse

Why dayang not much movement?


bullmarket1628
2124 posts

Posted by bullmarket1628 > Jan 12, 2022 6:13 AM | Report Abuse

Walaoeh, oil price spike up like mad !
Brent closed at=> $83.63 $2.76 +3.41%

Like that today Dayang going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !


RCZ2020
589 posts

Posted by RCZ2020 > Jan 12, 2022 7:42 PM | Report Abuse

Hope dayang will break 1.00 soon


RCZ2020
589 posts

Posted by RCZ2020 > Jan 12, 2022 7:43 PM | Report Abuse

Oil is doing good 84usd a barrel


bullmarket1628
2124 posts

Posted by bullmarket1628 > Jan 13, 2022 6:19 AM | Report Abuse

Walaoeh, oil price continue it’s bull-run !
Brent closed at=> $84.75 +1.03 +1.23%

Like that today Dayang going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !


bullmarket1628
2124 posts

Posted by bullmarket1628 > Jan 13, 2022 7:26 AM | Report Abuse

Oil rally to continue in 2022 as demand outstrips supply, analysts say
https://www.reuters.com/business/energy/oil-prices-could-hit-100-demand-outstrips-supply-analysts-say-2022-01-12/
By Bozorgmehr Sharafedin 6.00am 13-1-2022
* Oil prices rose 50% in 2021
* JPM expects oil prices to "overshoot" to $125 this year
* Some OPEC producers are struggling to raise supply
* OPEC doesn't want oil at $100 - Omani oil minister


bullmarket1628
2124 posts

Posted by bullmarket1628 > Jan 13, 2022 7:30 AM | Report Abuse

LONDON, Jan 12 (Reuters) - Oil prices that rallied 50% in 2021 will power further ahead this year, some analysts predict, saying a lack of production capacity and limited investment in the sector could lift crude to $90 or even above $100 a barrel.
Though the Omicron coronavirus variant has pushed COVID-19 cases far above peaks hit last year, analysts say oil prices will be supported by the reluctance of many governments to restore the strict restrictions that hammered the global economy when the pandemic took hold in 2020.
Brent crude futures traded near $85 on Wednesday, hitting two-month highs.
"Assuming China doesn't suffer a sharp slowdown, that Omicron actually becomes Omi-gone, and with OPEC+’s ability to raise production clearly limited, I see no reason why Brent crude cannot move towards $100 in Q1, possibly sooner," said Jeffrey Halley, senior market analyst at OANDA.
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, are gradually relaxing the output cuts implemented when demand collapsed in 2020.
However, many smaller producers can't raise supply and others have been wary of pumping too much oil in case of renewed COVID-19 setbacks.

Morgan Stanley predicts that Brent crude will hit $90 a barrel in the third quarter of this year.
With the prospect of depleting crude inventories and low spare capacity by the second half of 2022, and limited investments in the oil and gas sector, the market will have little margin of safety, the bank said.
JPMorgan analysts said in a note on Wednesday that they could see oil prices rising by up to $30 after the Energy Information Administration (EIA) and Bloomberg lowered OPEC capacity estimates for 2022 by 0.8 million barrels per day (bpd) and 1.2 million bpd respectively.

However, the bank added that it also expects oil prices to "overshoot" to $125 a barrel this year, and $150 in 2023.
Rystad Energy's senior vice-president of analysis Claudio Galimberti said if OPEC was disciplined and wanted to keep the market tight, it could boost prices to $100.
However, he said he did not consider this a likely scenario and while oil could "momentarily" reach above $90 this year, downward pressure on prices would come from production increases in Canada, Norway, Brazil and Guyana.
Omani Oil Minister Mohammed Al Rumhi also said on Tuesday that the group doesn't want to see $100 barrels of oil.
"The world is not ready for that," Al Rumhi was quoted as saying by Bloomberg.
High oil prices, which also drive up gasoline and diesel prices, could keep inflation uncomfortably high well into 2022 amid snarled global supply chains, slowing the economic recovery from the pandemic in many countries.
Standard Chartered, meanwhile, has raised its 2022 Brent forecast by $8 to $75 a barrel and its 2023 Brent forecast by $17 to $77.
In a Reuters poll in late December, 35 economists and analysts forecast Brent would average $73.57 a barrel in 2022, about 2% lower than $75.33 consensus in November. The forecast shows the average price for the year, not the peak.
Brent prices have not touched $90 and $100 since 2014, when they were retreating from a high above $115 to as low as $57 by the end of the year.


bullmarket1628
2124 posts

Posted by bullmarket1628 > Jan 14, 2022 4:57 PM | Report Abuse

Brent oil suddenly spike up to around $86 up around $1 because the war in Ukraine has been started.
Ho Sei Liao lah this round !

Heng ah , Ong ah, Huat ah !


bullmarket1628
2124 posts

Posted by bullmarket1628 > Jan 15, 2022 7:15 AM | Report Abuse

Walaoeh, oil price spike up to sky high !
Brent closed at=> $86.36 +1.89 +2.24%

Like that next Monday Dayang going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !


Apastock
25 posts

Posted by Apastock > Jan 15, 2022 8:54 AM | Report Abuse

ya why spike so high.. wah and Lau


bullmarket1628
2124 posts

Posted by bullmarket1628 > Jan 18, 2022 7:05 AM | Report Abuse

Walaoeh, oil price continue to rise !
Brent closed at=> $86.56 +0.50 +0.58%

Like that tommorrow Dayang going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !


bullmarket1628
2124 posts

Posted by bullmarket1628 > Jan 19, 2022 6:36 AM | Report Abuse

Walaoeh, oil price continue to spike up like mad !
Brent closed at=> $88.52 +$2.04 +2.36%

Like that today Dayang going to limit up already liao lah !
Huat ah, Heng ah, Ong ah !


Vicky
393 posts

Posted by Vicky > Jan 19, 2022 1:21 PM | Report Abuse

Ya...but the drop is from 1.5. Too early to dream...Dayang has been sleeping for a long time


amet2017
3078 posts

Posted by amet2017 > Jan 19, 2022 6:00 PM | Report Abuse

Alamak pang you last time promoter dayang now back here


dlau8899
826 posts

Posted by dlau8899 > Jan 19, 2022 11:07 PM | Report Abuse

Tp1 : 1.07 . Tp2: 1.17


Superb99
6221 posts

Posted by Superb99 > Jan 20, 2022 1:30 PM | Report Abuse

This counter already stuck la, all people heading to dnex lo


Superb99
6221 posts

Posted by Superb99 > Jan 21, 2022 10:47 AM | Report Abuse

this one slower than snail


VTrade
772 posts

Posted by VTrade > Jan 21, 2022 10:06 PM | Report Abuse

Dayang got any chance to fly ?


RCZ2020
589 posts

Posted by RCZ2020 > Jan 23, 2022 8:54 PM | Report Abuse

Maybe this week will touch RM1


maf1964
312 posts

Posted by maf1964 > Jan 23, 2022 9:33 PM | Report Abuse

this counter was uncle KYY (gel) favorite counter. he prmote it and praise it much more than his wife


fairyz
187 posts

Posted by fairyz > Jan 24, 2022 7:56 AM | Report Abuse

Expecting price volatility to continues in coming weeks?

Russia-Ukraine tensions + low inventory worldwide


https://twitter.com/John_Hudson/status/1485392555638460421?s=20

https://www.news24.com/fin24/opinion/opinion-missing-barrels-could-make-oil-prices-soar-even-higher-20220123


Superb99
6221 posts

Posted by Superb99 > Jan 25, 2022 10:45 AM | Report Abuse

getting lower and lower...too bad...so fast heading holland


RCZ2020
589 posts

Posted by RCZ2020 > Jan 25, 2022 7:56 PM | Report Abuse

What's happening? Brent oil is doing good and why O&G counters are going down?


MrsLee
852 posts

Posted by MrsLee > Jan 25, 2022 7:57 PM | Report Abuse

Most of the counter ...seeing red today...


RCZ2020
589 posts

Posted by RCZ2020 > Jan 25, 2022 9:09 PM | Report Abuse

Hope it will rebound soon. Oil still doing good


RCZ2020
589 posts

Posted by RCZ2020 > Jan 26, 2022 8:00 PM | Report Abuse

Must hit 1.0 then only will move up. Oil price is good. Dayang will break out soon


dlau8899
826 posts

Posted by dlau8899 > Jan 27, 2022 12:03 AM | Report Abuse

1.06


bullmarket1628
2124 posts

Posted by bullmarket1628 > Jan 27, 2022 6:20 AM | Report Abuse

Walaoeh, oil price continue it’s bull run !
Brent closed at=> $89.77 +$1.57 +1.78%

Like that today Dayang going to limit up already liao lah !
Huat ah, Heng ah, Ong ah !


dlau8899
826 posts

Posted by dlau8899 > Jan 27, 2022 8:33 AM | Report Abuse

Limit up


bullmarket1628
2124 posts

Posted by bullmarket1628 > Jan 27, 2022 10:01 AM | Report Abuse

Walaoeh, super damn hot man Dayang today !
Now Dayang already traded at=>
0.905 +0.02 +2.3 %

Heng ah, Ong ah, Huat ah !


dlau8899
826 posts

Posted by dlau8899 > Jan 27, 2022 11:20 PM | Report Abuse

1.10


bullmarket1628
2124 posts

Posted by bullmarket1628 > Jan 28, 2022 9:17 AM | Report Abuse

Walaoeh, super damn hot man Dayang today !
Now Dayang already traded at=> 0.92 +0.03 +3.4 %

Heng ah, Ong ah, Huat ah !


RCZ2020
589 posts

Posted by RCZ2020 > Jan 28, 2022 7:26 PM | Report Abuse

What's happening. Cannot touch 1.00 also


MrsLee
852 posts

Posted by MrsLee > Jan 28, 2022 7:34 PM | Report Abuse

Not sure why...

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