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4,803 comment(s). Last comment by Harvard57 at Oct 6, 2020 10:22 PM
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tkl88
6290 posts

Posted by tkl88 > Apr 1, 2020 4:53 AM | Report Abuse

Dow Jones closed at=> 21,917.16 (-410.32) (-1.84 percent)


Will76
499 posts

Posted by Will76 > Apr 1, 2020 10:08 AM | Report Abuse

Breaking News from Bloomberg

Oil is entering a period of unparalleled demand destruction this month that promises to transform the industry for years to come.

Daily consumption will plummet by 15 million to 22 million barrels in April from a year earlier, according to estimates from some of the world’s most influential energy analysts. The crash has already led to refiners slashing processing, drillers halting output and storage tanks swelling across the world.

The demand slump is being exacerbated by former OPEC+ allies Saudi Arabia and Russia pumping as much crude as they can in a battle for market share, heaping additional pressure on shipping, tanks and pipelines. Goldman sees around 20 million barrels a day flowing into storage in April, while IHS Markit expects the world will run out of space to store oil by the middle of the year.

"Oil price likely to be moving towards USD15/barrel based on the above scenario"


Will76
499 posts

Posted by Will76 > Apr 1, 2020 10:16 AM | Report Abuse

"Few in the industry will be spared. April is also set to be the worst ever month for global jet fuel demand, while industry consultant FGE forecasts American gasoline consumption will plunge by 50% from a year earlier. Energy Aspects Ltd. predicts global benchmark Brent crude may drop to near $10 a barrel, a level not seen in more than two decades."


tkl88
6290 posts

Posted by tkl88 > Apr 1, 2020 4:25 PM | Report Abuse

As at 4.21pm,
Dow Jones future at=> 21,114.0 (-637.0) (-2.93%)


tkl88
6290 posts

Posted by tkl88 > Apr 1, 2020 4:32 PM | Report Abuse

As at 4.29pm,
Nymex=> $20.09 (-0.39) (-1.90%)
Brent => $24.91 (-1.44) (-5.46%)


Investsucess Trader
4479 posts

Posted by Investsucess Trader > Apr 1, 2020 7:29 PM | Report Abuse

very volatile and wild swing,


tkl88
6290 posts

Posted by tkl88 > Apr 1, 2020 10:06 PM |

Post removed. Why?


Investsucess Trader
4479 posts

Posted by Investsucess Trader > Apr 1, 2020 10:10 PM | Report Abuse

Friday can buy some to trade......


tkl88
6290 posts

Posted by tkl88 > Apr 2, 2020 6:29 AM | Report Abuse

Dow Jones closed at=> 20,943.51 (−973.65) (-4.44 percent)


tkl88
6290 posts

Posted by tkl88 > Apr 2, 2020 6:59 AM | Report Abuse

Dow plunges 974 points after Trump warns of 'painful' times to come and a 'shocking' coronavirus death toll
Carmen Reinicke
Apr. 1, 2020, 04:09 PM

https://www.google.com.my/amp/s/markets.businessinsider.com/amp/news/stock-market-news-today-dow-sp-fall-coronavirus-death-projections-2020-4-1029056226

* US stocks fell sharply on Wednesday after President Donald Trump told the country to brace for a "very, very painful two weeks" amid the coronavirus pandemic.
* The White House projected that the US could see 100,000 to 240,000 deaths from COVID-19, the illness caused by the coronavirus.
* The losses came on the heels of the worst-ever first quarter for the Dow Jones industrial average.
* Read more on Business Insider.

US stocks fell Wednesday after President Donald Trump issued a dire new warning about pain ahead due to the coronavirus pandemic. 
Trump told Americans to brace for a "very, very painful two weeks" during a press briefing Tuesday evening, adding "this is going to be three weeks like we've never seen before."
The White House is now projecting that the US could see between 100,000 and 240,000 deaths from the coronavirus pandemic, peaking over the next two weeks. Right now, the US has 189,000 confirmed cases of COVID-19, currently the largest outbreak in the world. As of April 1, 4,000 have died of coronavirus in the US.


tkl88
6290 posts

Posted by tkl88 > Apr 2, 2020 7:00 AM | Report Abuse

Here's where major US indexes stood at the 4 p.m. ET market close on Wednesday:
* S&P 500: 2,470.50, down 4.4%
* Dow Jones industrial average: 20,943.51, down 4.4% (974 points)
* Nasdaq composite: 7,360.58, down 4.4%

Investor sentiment is falling as the impact of the coronavirus pandemic is "maybe starting to hit home for people that had been hoping for better news," Liz Ann Sonders, chief investment strategist at Charles Schwab, told Markets Insider in an interview. 
The losses came after the Dow Jones industrial average posted its worst-ever quarterly performance on Tuesday, slipping more than 23%. Both the Dow and the S&P 500 also posted their worst monthly returns since the depth of the financial crisis in October 2008, falling 14% and 13% in March.


amircesc4
222 posts

Posted by amircesc4 > Apr 2, 2020 2:33 PM | Report Abuse

What happen?


Ravi Kumar
2848 posts

Posted by Ravi Kumar > Apr 2, 2020 2:41 PM | Report Abuse

Oil moving as Saudi and Russia will call a truce. Look at Carimin also


amircesc4
222 posts

Posted by amircesc4 > Apr 2, 2020 2:46 PM | Report Abuse

Finally. I bought at 0.380. Hold tight now. Full speed to the moon.


Jokers2020
833 posts

Posted by Jokers2020 > Apr 2, 2020 4:28 PM | Report Abuse

why uzma slow move..carimin n dayang more power


Investsucess Trader
4479 posts

Posted by Investsucess Trader > Apr 2, 2020 7:23 PM | Report Abuse

Posted by Jokers2020 > Apr 2, 2020 4:28 PM | Report Abuse

why uzma slow move..carimin n dayang more power


Rose 26.25% still slow move ah.... One is honda engine ,another is suzuki engin.....


tkl88
6290 posts

Posted by tkl88 > Apr 2, 2020 8:04 PM | Report Abuse

As at 8.01pm,
Nymex =>22.38 ‪(+2.07) (+10.19%)‬
Brent => 27.34 ‪(+2.60 (+10.51%)‬


asuhaimi01
51 posts

Posted by asuhaimi01 > Apr 2, 2020 10:48 PM | Report Abuse

Sudah 30USD Brent Oil.. esok letop la ni


mf
22460 posts

Posted by mf > Apr 2, 2020 10:48 PM | Report Abuse

56-64cen


Ravi Kumar
2848 posts

Posted by Ravi Kumar > Apr 2, 2020 10:49 PM | Report Abuse

Besok limit up for Uzma, Carimin, Nain, PEnergy


tkl88
6290 posts

Posted by tkl88 > Apr 3, 2020 1:52 AM | Report Abuse

Walaeh, Oil price up crazily !
As at 1.47am,
Nymex => $24.56 ‪(+4.25) (+20.93%)‬
Brent => $29.85 ‪(+5.11) (+20.65%)‬


tkl88
6290 posts

Posted by tkl88 > Apr 3, 2020 2:26 AM | Report Abuse

Oil prices surge after Trump claims Russia and Saudi Arabia agree deal - as it happened

https://www.google.com.my/amp/s/amp.theguardian.com/business/live/2020/apr/02/markets-us-jobless-claims-covid-19-economy-recession-coronavirus-business-live

Rolling coverage of the latest economic and financial news as oil prices jump by more than 30% and the US jobless report reveals scale of coronavirus damage
* US president claims oil production cut deal; Russia denies agreement
* US initial jobless claims hit record; 6.6m people signed on last week
* Earlier: One in four UK firms cut staff levels
* Coronavirus – latest updates
* See all our coronavirus coverage

13:11 EDT
Closing summary: Trump sends oil prices rocketing and US jobless claims soar
Donald Trump sent oil markets into an unprecedented buying frenzy on Thursday afternoon, after tweeting that Saudi Arabia and Russia had reached a deal on production cuts.
Russia poured cold water on the details, saying there had been no deal, but it still put oil futures prices on track for the biggest daily rise ever. At the time of writing Brent crude futures prices had gained 22%.
Here are the other important developments from today:
* More than 6.6m Americans filed jobless claims last week, by far the largest number in history and an indication that unemployment could reach a record high. Economists said it was one of the starkest indications yet of the scale of the economic pain already inflicted on the US.
* In the UK, the experimental data from the Office for National Statistics said that a quarter of UK companies are already cutting staffing levels “in the short term” due to the coronavirus crisis.
* British Airways confirmed that it will cut capacity by 90% year-on-year for April and May and furlough 30,000 cabin crew.
* British Gas owner Centrica has joined the ranks of companies cancelling their dividends. It also announced £400m in spending cuts this morning.
* National Express cancelled all of its services across the UK.
And of course you can continue to follow all of our coverage of the coronavirus pandemic.
In the UK, health secretary Matt Hancock says the government has written off £13.4bn of historic NHS debt:


tkl88
6290 posts

Posted by tkl88 > Apr 3, 2020 6:03 AM | Report Abuse

Dow Jones closed at=> 21,413.44 (+469.93) (+2.24%)


tkl88
6290 posts

Posted by tkl88 > Apr 3, 2020 12:59 PM | Report Abuse

Saudi Arabia calls for emergency oil meeting: state media
THU APR 2, 2020 / 10:55 AM EDT
Reuters
https://www.google.com.my/amp/s/mobile.reuters.com/article/amp/idUSKBN21K2AD

(Reuters) - Saudi Arabia called on Thursday for an emergency meeting of OPEC and non-OPEC oil producers as it aims to reach a fair oil agreement to stabilize the oil market, state news agency SPA reported.


traderbond007
11 posts

Posted by traderbond007 > Apr 3, 2020 2:39 PM | Report Abuse

“It’s not easy for Russia and Saudi to reach a deal, because if they could reach an output cut agreement they would have done it in March,” Margaret Yang, a strategist at CMC Markets in Singapore, said on Bloomberg TV


tkl88
6290 posts

Posted by tkl88 > Apr 3, 2020 3:10 PM | Report Abuse

Yes, Brent oil turn positive liao !
Now Brent at=> 30.00 (+0.06) (+0.20 percent) !


tkl88
6290 posts

Posted by tkl88 > Apr 3, 2020 4:08 PM | Report Abuse

Wow, Oil price spike up crazily again !
As at 4.05pm,
Nymex => $25.46 (+0.14) (+0.55%)
Brent => $31.35 (+1.41) (+4.71%)


dlau8899
631 posts

Posted by dlau8899 > Apr 3, 2020 6:12 PM | Report Abuse

Going up 0.70 as soon


tkl88
6290 posts

Posted by tkl88 > Apr 3, 2020 6:41 PM | Report Abuse

Wow, Amazing, Oil price continue to spike up !
As at ‪6.37pm,‬
Nymex => $26.52 ‪(+1.20) (+4.74%)‬
Brent => $32.77 ‪(+2.83) (+9.45%)‬


Jokers2020
833 posts

Posted by Jokers2020 > Apr 3, 2020 6:55 PM | Report Abuse

today ong all profit taking due to weekend


ming
1412 posts

Posted by ming > Apr 3, 2020 7:28 PM | Report Abuse

Wow.. brahmal is in now.


Investsucess Trader
4479 posts

Posted by Investsucess Trader > Apr 3, 2020 8:05 PM | Report Abuse

Dayang brothers.....


tkl88
6290 posts

Posted by tkl88 > Apr 3, 2020 11:21 PM | Report Abuse

Walaoeh, Unbelievable !
Oil price spike up like mad !
As at 11.10pm,
Nymex => $27.19 ‪ (+1.87) (+7.39%‬)
Brent => $33.71 (‪+3.77) (+12.59%‬)


tkl88
6290 posts

Posted by tkl88 > Apr 3, 2020 11:49 PM | Report Abuse

Oil surges 13% on reports that OPEC and allies are working on a deal to cut production amid the coronavirus pandemic
Carmen Reinicke
Apr. 3, 2020, 10:27 AM

https://www.google.com.my/amp/s/markets.businessinsider.com/amp/news/oil-price-surges-report-opec-meeting-production-cuts-coronavirus-pandemic-2020-4-1029063327

* Oil prices surged Friday, continuing gains from the best day on record Thursday. 
* US West Texas Intermediate crude surged as much as 13% to $28.56 per barrel Friday, while Brent crude jumped 17% to $34.91 per barrel at its intraday highs.
* A Reuters report that OPEC and its allies will meet Monday to discuss a production cut amid the coronavirus pandemic fueled the gains. 
* Watch oil trade live on Markets Insider.
* Read more on Business Insider.


tkl88
6290 posts

Posted by tkl88 > Apr 3, 2020 11:50 PM | Report Abuse

Oil climbed on Friday, extending gains from the best day on record Thursday, after OPEC and its allies said they will meet Monday to discuss a production cut amid the coronavirus pandemic, according to a Reuters.
US West Texas Intermediate crude surged as much as 13% to $28.56 per barrel after gaining 25% Thursday. International benchmark Brent crude jumped 17% to $34.91 per barrel at its Friday intraday highs, continuing the previous day's 21% gain. 
The cut could be around 10% of global supply, Reuters reported Monday, citing an OPEC source. The meeting to discuss a potential deal to curb production came after President Donald Trump told CNBC Thursday he expected Saudi Arabia and Russia to announce a deal to drastically cut oil production.


tkl88
6290 posts

Posted by tkl88 > Apr 4, 2020 6:39 AM | Report Abuse

Superb, Oil Price closed at new record high !‬
Nymex => $28.97 ‪(+3.65) (+14.42 percent)
Brent => $34.83 ‪(+4.89) (+16.33 percent)

‪Next week definitely will break the USD $40 per barrel !‬
Huat ah ! Heng ah ! Ong ah !


dlau8899
631 posts

Posted by dlau8899 > Apr 4, 2020 3:38 PM | Report Abuse

Will Monday up above 0.60


Lucky81
495 posts

Posted by Lucky81 > Apr 4, 2020 3:47 PM | Report Abuse

absolutely, rm 0.82 limit up. the sky is the limit.


Investsucess Trader
4479 posts

Posted by Investsucess Trader > Apr 4, 2020 5:29 PM | Report Abuse

Better to stay alert and deligent....


Lucky81
495 posts

Posted by Lucky81 > Apr 4, 2020 6:18 PM | Report Abuse

habis cerita, talk to be delayed due to te rift.


Investsucess Trader
4479 posts

Posted by Investsucess Trader > Apr 4, 2020 8:18 PM | Report Abuse

Take cover first..


Ravi Kumar
2848 posts

Posted by Ravi Kumar > Apr 4, 2020 10:22 PM | Report Abuse

It would be good to watch and see first rather than jump in right away on Monday. Still uncertainties. Prices jumped up to USD36 before settling at USD29 ish. Friday's jump might be because of covering some trades. Looks like Monday's meeting has been delayed. Can chase perhaps??? It is without a doubt a deal from come a matter of when


https://www.bloomberg.com/news/articles/2020-04-04/saudi-arabia-says-putin-s-comments-on-opec-deal-is-incorrect?srnd=premium-asia

OPEC+ delayed a meeting aimed at ending the oil price war, as Riyadh and Moscow trade barbs about who’s to blame for the collapse in oil prices.

The alliance is tentatively aiming to hold the virtual gathering on April 9 instead of Monday as it previously intended, a delegate familiar with the matter said. Producers need more time for negotiations, said another. Beyond the alliance, Saudi Arabia and Russia have indicated they want other oil countries to join in any output cuts, complicating efforts to call a meeting, the delegate said, asking not to be named discussing diplomatic matters.

The delay came hours after Saudi Arabia made a pointed diplomatic attack on Russian President Vladimir Putin, opening a fresh rift between the world’s two largest oil exporters and jeopardizing a deal to cut production.

In a statement early on Saturday, the Saudi Foreign Minister Prince Faisal bin Farhan said comments by Putin laying blame on Riyadh for the end of the OPEC+ pact between the two countries in March were “fully devoid of truth.”


Ravi Kumar
2848 posts

Posted by Ravi Kumar > Apr 4, 2020 10:24 PM | Report Abuse

Long term O&G service providers look good

https://www.cnbc.com/2020/04/04/opec-emergency-meeting-likely-to-be-postponed-to-april-8-or-9-sources-say.html

OPEC and its allies will likely postpone emergency meeting to April 8 or 9, sources say
PUBLISHED SAT, APR 4 20204:42 AM EDT


Lucky81
495 posts

Posted by Lucky81 > Apr 4, 2020 11:00 PM | Report Abuse

keep for 10 years long term


tkl88
6290 posts

Posted by tkl88 > Apr 5, 2020 12:20 AM | Report Abuse

The alliance (OPEC+) is tentatively aiming to hold the virtual gathering on April 9 instead of Monday as it previously intended, a delegate familiar with the matter said.


tkl88
6290 posts

Posted by tkl88 > Apr 5, 2020 12:21 AM | Report Abuse

Meeting suppose on April 6 (Monday), delayed to April 9 (Thursday).
So, got 3 more days for us to Sailang on O & G stocks before it’s share price spike up to sky high !
Huat ah ! Heng ah ! Ong ah !


tkl88
6290 posts

Posted by tkl88 > Apr 5, 2020 6:56 AM | Report Abuse

普京证实俄愿减产 April 5, 2020
https://www.google.com/amp/s/www.enanyang.my/news/20200405/%25E3%2580%2590%25E5%2585%25A8%25E7%2590%2583%25E5%25A4%25A7%25E6%258A%2597%25E7%2596%25AB%25E3%2580%2591%25E6%2599%25AE%25E4%25BA%25AC%25E8%25AF%2581%25E5%25AE%259E%25E4%25BF%2584%25E6%2584%25BF%25E5%2587%258F%25E4%25BA%25A7/amp/

(莫斯科4日讯)俄罗斯总统普京表示,俄罗斯准备好与沙地阿拉伯和其他主要产油国一道大幅削减石油产量,以阻止油价下跌。这一表态呼应了美国总统特朗普之前的说法。

“我们做好准备在OPEC+框架内与合作伙伴达成协议,并准备与美国在这个问题是进行合作,”普京周五在与政府高级官员和石油行业高管的视频会议上说。
 “我认为有必要共同努力,以平衡市场并减少产量。”
普京说,俄罗斯认为全球石油产量每天减少约1000万桶是可能的,并准备“在伙伴关系”的基础上参与。
普京的表态是俄罗斯首次证实特朗普周四通过推文发布的消息。推文称俄罗斯愿意参与减产,该消息推动布伦特原油价格一度暴涨47%。


Ameera
2913 posts

Posted by Ameera > Apr 5, 2020 8:44 AM | Report Abuse

Sure can buy? I am stuck at RM1...:(


Investsucess Trader
4479 posts

Posted by Investsucess Trader > Apr 5, 2020 10:42 AM | Report Abuse

You can get lower price ,why buy now????


RedEagle
3086 posts

Posted by RedEagle > Apr 5, 2020 11:58 AM | Report Abuse

Satay Kajang >RM1
Expensive than Uzma..wait for what..just buy and hold dear

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