Posted by Godofgambler > Jun 1, 2021 3:47 PM | Report Abuse

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Posted by Godofgambler > Jun 1, 2021 3:47 PM | Report Abuse

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Posted by Godofgambler > Jun 1, 2021 5:33 PM | Report Abuse

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Posted by Godofgambler > Jun 1, 2021 7:43 PM | Report Abuse

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Posted by NELSONNG888 > Jun 1, 2021 9:36 PM | Report Abuse

https://www.theedgemarkets.com/article/brent-hits-us70-demand-prospects-us-summer-driving-season

Posted by Godofgambler > Jun 1, 2021 11:04 PM | Report Abuse

The oil glut built up during the coronavirus pandemic has almost gone and stockpiles will slide rapidly in the second half of the year, according to an assessment of the market from an OPEC+ committee. A ministerial group is gathering in Vienna, before a full meeting that is expected to ratify a scheduled output increase for July.

Posted by Godofgambler > Jun 2, 2021 5:16 PM | Report Abuse

https://www.theedgemarkets.com/article/domestic-oil-product-demand-rebounds-amid-economic-recovery-efforts-says-mustapa

Posted by Godofgambler > Jun 7, 2021 3:58 PM | Report Abuse

In 2021, Tengku Yusof said the group’s subsidiary Perdana Nautika Sdn Bhd was awarded a licence by Petroliam Nasional Bhd (Petronas) to provide marine vessel chartering services to the national oil company and its petroleum arrangement contracts.

“The group aspires to be the leading and preferred offshore marine operator for the upstream O&G industry in the region, ” he added.

Perdana plans to modernise its fleet of OSVs to phase out the older vessels as the fleet’s current average age is about 10 years old.

“The fluctuation of charter rates in 2021 could start to take a toll on older vessels that are more expensive to operate. In light of this, a fleet replacement programme for ageing vessels is anticipated to be launched for cost efficiency optimisation although the extent of this project will be subject to market developments and funding considerations.

“The fleet replacement programme is a component of the group’s business sustainability plan to bloster utilisation rates for its main business AHTS and AWB fleet categories. It will be part of the group’s strategy to drive operating cost efficiency in 2021, ” said Tengku Yusof.

Posted by Godofgambler > Jun 7, 2021 11:26 PM | Report Abuse

https://www.google.com/amp/s/www.wsj.com/amp/articles/options-traders-bet-on-return-of-100-oil-11623061227

Posted by casion911 > Jun 8, 2021 2:47 PM | Report Abuse

Get serba dinamik guys. Its already 64 sen. Get at the lowest risk and lowest price. It will fly fly high.

Posted by Godofgambler > Jun 9, 2021 9:53 PM | Report Abuse

Buy Kpower

Posted by Godofgambler > Jun 13, 2021 9:21 AM | Report Abuse

BP saw the largest increase in profit in the first quarter of 2021 compared to the same period of 2020, the agency’s calculations showed.

BP reported a profit attributable to shareholders of $4.7 billion in Q1 2021, compared to a loss of $4.4 billion for the first quarter of 2020. The supermajor resumed share buybacks this quarter after more than tripling its first-quarter earnings from a year ago on the back of rising oil prices and “exceptional gas marketing and trading performance.” BP reported underlying replacement cost profit—its proxy for net profit—of $2.63 billion, up from $791 million for the first quarter of last year and from just $115 million for the fourth quarter of 2020.

In terms of revenues, Anadolu Agency’s estimates show that combined revenues of the top ten oil firms increased by 6.6 percent annually to around $387 billion. Saudi Aramco’s revenues rose the most—by 20 percent to $80 billion.

The Saudi giant also reported a 30-percent jump in net income for the first quarter of the year to $21.7 billion.

By Tsvetana Paraskova for Oilprice.com