Last Price Today's Change   Day's Range   Trading Volume
0.12   0.00 (0.00%)  0.115 - 0.12  1,165,800
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Ann. Date Date Type Units Price Total NOSH View
01-Jul-2010 02-Jul-2010 Private Placement 29,760,000 1.320 327,360,000 Additional Listing Detail
07-Dec-2011 08-Dec-2011 Private Placement 45,012,000 0.710 495,132,000 Additional Listing Detail
05-Jun-2013 06-Jun-2013 Others 784,400 1.000 495,916,400 Additional Listing Detail
12-Jun-2013 13-Jun-2013 Others 552,000 1.000 496,468,400 Additional Listing Detail
19-Jun-2013 20-Jun-2013 Others 1,734,500 1.000 498,202,900 Additional Listing Detail
26-Jun-2013 27-Jun-2013 Others 560,000 1.000 498,762,900 Additional Listing Detail
03-Jul-2013 04-Jul-2013 Others 1,064,283 1.000 499,827,183 Additional Listing Detail
10-Jul-2013 11-Jul-2013 Others 2,919,200 1.000 502,746,383 Additional Listing Detail
17-Jul-2013 18-Jul-2013 Others 1,784,300 1.000 504,530,683 Additional Listing Detail
24-Jul-2013 25-Jul-2013 Others 3,490,585 1.000 508,021,268 Additional Listing Detail
31-Jul-2013 01-Aug-2013 Others 3,034,599 1.000 511,055,867 Additional Listing Detail
06-Aug-2013 12-Aug-2013 Others 2,737,685 1.000 513,793,552 Additional Listing Detail
14-Aug-2013 15-Aug-2013 Others 409,000 1.000 514,202,552 Additional Listing Detail
28-Aug-2013 29-Aug-2013 Others 901,500 1.000 515,104,052 Additional Listing Detail
10-Sep-2013 12-Sep-2013 Others 273,900 1.000 515,377,952 Additional Listing Detail
18-Sep-2013 19-Sep-2013 Others 996,100 1.000 516,374,052 Additional Listing Detail
27-Sep-2013 30-Sep-2013 Others 214,500 1.000 516,588,552 Additional Listing Detail
04-Oct-2013 07-Oct-2013 Others 820,600 1.000 517,409,152 Additional Listing Detail
11-Oct-2013 14-Oct-2013 Others 1,099,100 1.000 518,508,252 Additional Listing Detail
01-Nov-2013 04-Nov-2013 Others 714,600 1.000 519,222,852 Additional Listing Detail
28-Nov-2013 29-Nov-2013 Others 216,473 1.000 519,439,325 Additional Listing Detail
12-Dec-2013 13-Dec-2013 Others 5,625 1.000 727,220,465 Additional Listing Detail
31-Dec-2013 02-Jan-2014 Others 2,450 0.710 727,222,915 Additional Listing Detail
09-Jan-2014 10-Jan-2014 Others 1,613,560 0.710 728,836,475 Additional Listing Detail
22-Jan-2014 23-Jan-2014 Others 2,604,800 0.710 731,441,275 Additional Listing Detail
26-Feb-2014 27-Feb-2014 Others 3,150,000 0.710 734,591,275 Additional Listing Detail
11-Mar-2014 12-Mar-2014 Others 768,600 0.710 735,359,875 Additional Listing Detail
18-Mar-2014 19-Mar-2014 Others 745,800 0.710 736,105,675 Additional Listing Detail
28-Mar-2014 31-Mar-2014 Others 355,500 0.710 736,461,175 Additional Listing Detail
10-Apr-2014 11-Apr-2014 Others 197,000 0.710 736,658,175 Additional Listing Detail
17-Apr-2014 18-Apr-2014 Others 744,500 0.710 737,402,675 Additional Listing Detail
25-Apr-2014 28-Apr-2014 Others 506,300 0.710 737,908,975 Additional Listing Detail
06-May-2014 07-May-2014 Others 108,100 0.710 738,017,075 Additional Listing Detail
03-Jun-2014 04-Jun-2014 Others 199,100 0.710 738,216,175 Additional Listing Detail
22-Jul-2014 23-Jul-2014 Others 213,100 0.710 738,429,275 Additional Listing Detail
30-Oct-2014 31-Oct-2014 Others 800 0.710 738,430,075 Additional Listing Detail
03-Dec-2014 04-Dec-2014 Others 140,000 0.710 738,570,075 Additional Listing Detail
08-Jan-2015 09-Jan-2015 Others 14,000 0.710 738,584,075 Additional Listing Detail
04-Mar-2015 05-Mar-2015 Others 6,376,526 0.710 744,960,601 Additional Listing Detail
19-Mar-2015 20-Mar-2015 Others 970,800 0.710 745,931,401 Additional Listing Detail
10-Apr-2015 13-Apr-2015 Others 2,555,700 0.710 748,487,101 Additional Listing Detail
04-Jun-2015 05-Jun-2015 Exercise of Warrants 210 0.710 748,487,311 Additional Listing Detail
01-Jul-2015 02-Jul-2015 Exercise of Warrants 980 0.710 748,488,291 Additional Listing Detail
04-Aug-2015 05-Aug-2015 Exercise of Warrants 210 0.710 748,488,501 Additional Listing Detail
27-Aug-2015 28-Aug-2015 Exercise of Warrants 38,640 0.710 748,527,141 Additional Listing Detail
04-Sep-2015 07-Sep-2015 Exercise of Warrants 74,038 0.710 748,601,179 Additional Listing Detail
11-Sep-2015 14-Sep-2015 Exercise of Warrants 24,316 0.710 748,625,495 Additional Listing Detail
23-Sep-2015 25-Sep-2015 Exercise of Warrants 269,165 0.710 748,894,660 Additional Listing Detail
28-Sep-2015 30-Sep-2015 Exercise of Warrants 93,540 0.710 748,988,200 Additional Listing Detail
01-Oct-2015 02-Oct-2015 Exercise of Warrants 43,980 0.710 749,032,180 Additional Listing Detail
08-Oct-2015 09-Oct-2015 Exercise of Warrants 19,195 0.710 749,051,375 Additional Listing Detail
13-Oct-2015 15-Oct-2015 Exercise of Warrants 544,927 0.710 749,596,302 Additional Listing Detail
16-Oct-2015 19-Oct-2015 Exercise of Warrants 33,884 0.710 749,630,186 Additional Listing Detail
22-Oct-2015 23-Oct-2015 Exercise of Warrants 88,459 0.710 749,718,645 Additional Listing Detail
26-Oct-2015 27-Oct-2015 Exercise of Warrants 225,499 0.710 749,944,144 Additional Listing Detail
30-Oct-2015 02-Nov-2015 Exercise of Warrants 28,526,805 0.710 778,470,949 Additional Listing Detail
15-Jan-2020 16-Jan-2020 Conversion of Preference Shares 47,153,573 0.325 825,624,522 Additional Listing Detail
20-Jan-2020 21-Jan-2020 Conversion of Preference Shares 29,070,117 0.325 854,694,639 Additional Listing Detail
22-Jan-2020 23-Jan-2020 Conversion of Preference Shares 46,254,168 0.325 900,948,807 Additional Listing Detail
23-Jan-2020 24-Jan-2020 Conversion of Preference Shares 20,120,930 0.325 921,069,737 Additional Listing Detail
24-Jan-2020 28-Jan-2020 Conversion of Preference Shares 160,306,941 0.325 1,081,376,678 Additional Listing Detail
29-Jan-2020 30-Jan-2020 Conversion of Preference Shares 33,771,690 0.325 1,131,480,144 Additional Listing Detail
30-Jan-2020 31-Jan-2020 Conversion of Preference Shares 604,503,000 0.325 1,735,983,144 Additional Listing Detail
31-Jan-2020 03-Feb-2020 Conversion of Preference Shares 5,201,646 0.325 1,741,184,790 Additional Listing Detail
04-Feb-2020 05-Feb-2020 Conversion of Preference Shares 22,895,797 0.325 1,764,080,587 Additional Listing Detail
06-Feb-2020 07-Feb-2020 Conversion of Preference Shares 22,851,582 0.325 1,786,932,169 Additional Listing Detail
12-Feb-2020 13-Feb-2020 Conversion of Preference Shares 6,968,338 0.325 1,793,900,507 Additional Listing Detail
17-Feb-2020 18-Feb-2020 Conversion of Preference Shares 56,170,620 0.325 1,850,071,127 Additional Listing Detail
19-Feb-2020 20-Feb-2020 Conversion of Preference Shares 4,144,800 0.325 1,854,215,927 Additional Listing Detail
24-Feb-2020 25-Feb-2020 Conversion of Preference Shares 182,800 0.325 1,854,398,727 Additional Listing Detail
26-Feb-2020 27-Feb-2020 Conversion of Preference Shares 1,689,100 0.325 1,856,087,827 Additional Listing Detail
03-Mar-2020 04-Mar-2020 Conversion of Preference Shares 274,000 0.325 1,856,361,827 Additional Listing Detail
10-Mar-2020 11-Mar-2020 Conversion of Preference Shares 621,700 0.325 1,856,983,527 Additional Listing Detail
12-Mar-2020 13-Mar-2020 Conversion of Preference Shares 2,955,000 0.325 1,859,938,527 Additional Listing Detail
19-Mar-2020 20-Mar-2020 Conversion of Preference Shares 1,000 0.325 1,859,939,527 Additional Listing Detail
23-Mar-2020 24-Mar-2020 Conversion of Preference Shares 623,200 0.325 1,860,562,727 Additional Listing Detail
27-Mar-2020 30-Mar-2020 Conversion of Preference Shares 343,977,300 0.325 2,204,540,027 Additional Listing Detail
09-Apr-2020 10-Apr-2020 Conversion of Preference Shares 1,524,000 0.325 2,206,064,027 Additional Listing Detail
10-Apr-2020 13-Apr-2020 Conversion of Preference Shares 550,000 0.325 2,206,614,027 Additional Listing Detail
21-Apr-2020 22-Apr-2020 Conversion of Preference Shares 1,978,400 0.325 2,208,592,427 Additional Listing Detail
12-May-2020 13-May-2020 Conversion of Preference Shares 58,000 0.325 2,208,650,427 Additional Listing Detail
27-May-2020 28-May-2020 Conversion of Preference Shares 110,100 0.325 2,208,760,527 Additional Listing Detail
01-Jun-2020 02-Jun-2020 Conversion of Preference Shares 403,800 0.325 2,209,164,327 Additional Listing Detail
04-Jun-2020 05-Jun-2020 Conversion of Preference Shares 17,000 0.325 2,209,181,327 Additional Listing Detail
10-Jun-2020 11-Jun-2020 Conversion of Preference Shares 41,962 0.325 2,209,223,289 Additional Listing Detail
18-Jun-2020 19-Jun-2020 Conversion of Preference Shares 200,000 0.325 2,209,423,289 Additional Listing Detail
29-Jun-2020 30-Jun-2020 Conversion of Preference Shares 61,356 0.325 2,209,484,645 Additional Listing Detail
06-Jul-2020 07-Jul-2020 Conversion of Preference Shares 2,364,200 0.325 2,211,848,845 Additional Listing Detail
22-Jul-2020 23-Jul-2020 Conversion of Preference Shares 336,500 0.325 2,212,185,345 Additional Listing Detail
30-Jul-2020 03-Aug-2020 Conversion of Preference Shares 290,600 0.325 2,212,475,945 Additional Listing Detail
21-Aug-2020 24-Aug-2020 Conversion of Preference Shares 100,000 0.325 2,212,575,945 Additional Listing Detail
01-Sep-2020 02-Sep-2020 Conversion of Preference Shares 168,000 0.325 2,212,743,945 Additional Listing Detail
15-Sep-2020 17-Sep-2020 Conversion of Preference Shares 150,481 0.325 2,212,894,426 Additional Listing Detail
23-Sep-2020 24-Sep-2020 Conversion of Preference Shares 1,039,800 0.325 2,213,934,226 Additional Listing Detail
09-Oct-2020 12-Oct-2020 Conversion of Preference Shares 120,000 0.325 2,214,054,226 Additional Listing Detail
19-Oct-2020 20-Oct-2020 Conversion of Preference Shares 392,600 0.325 2,214,446,826 Additional Listing Detail
21-Oct-2020 22-Oct-2020 Conversion of Preference Shares 126,000 0.325 2,214,572,826 Additional Listing Detail
26-Oct-2020 27-Oct-2020 Conversion of Preference Shares 30,200 0.325 2,214,603,026 Additional Listing Detail
10-Nov-2020 11-Nov-2020 Conversion of Preference Shares 95,000 0.325 2,214,698,026 Additional Listing Detail
03-Dec-2020 04-Dec-2020 Conversion of Preference Shares 110,000 0.325 2,214,808,026 Additional Listing Detail
21-Dec-2020 22-Dec-2020 Conversion of Preference Shares 103,700 0.325 2,214,911,726 Additional Listing Detail
31-Dec-2020 04-Jan-2021 Conversion of Preference Shares 13,360 0.325 2,214,925,086 Additional Listing Detail
18-Jan-2021 19-Jan-2021 Conversion of Preference Shares 46,600 0.325 2,214,971,686 Additional Listing Detail
21-Jan-2021 22-Jan-2021 Conversion of Preference Shares 87,800 0.325 2,215,059,486 Additional Listing Detail
03-Feb-2021 04-Feb-2021 Conversion of Preference Shares 192,000 0.325 2,215,251,486 Additional Listing Detail
16-Feb-2021 17-Feb-2021 Conversion of Preference Shares 2,824 0.325 2,215,254,310 Additional Listing Detail
02-Mar-2021 03-Mar-2021 Conversion of Preference Shares 320,600 0.325 2,215,574,910 Additional Listing Detail
24-Mar-2021 25-Mar-2021 Conversion of Preference Shares 273,238 0.325 2,215,848,148 Additional Listing Detail
31-Mar-2021 01-Apr-2021 Conversion of Preference Shares 73,500 0.325 2,215,921,648 Additional Listing Detail
03-Jun-2021 04-Jun-2021 Conversion of Preference Shares 1,393 0.325 2,215,923,041 Additional Listing Detail
15-Jun-2021 16-Jun-2021 Conversion of Preference Shares 200,000 0.325 2,216,123,041 Additional Listing Detail
29-Sep-2021 30-Sep-2021 Conversion of Preference Shares 74,800 0.325 2,216,197,841 Additional Listing Detail
05-Oct-2021 06-Oct-2021 Conversion of Preference Shares 216,100 0.325 2,216,413,941 Additional Listing Detail
28-Oct-2021 29-Oct-2021 Conversion of Preference Shares 120,000 0.325 2,216,533,941 Additional Listing Detail
29-Dec-2021 30-Dec-2021 Conversion of Preference Shares 90,000 0.325 2,216,623,941 Additional Listing Detail
17-Jan-2022 19-Jan-2022 Conversion of Preference Shares 57,200 0.325 2,216,681,141 Additional Listing Detail
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bullmarket1628 Today’s Sin Chew Jit Poh financial section front page got good news for all O&G counters !

油价起股价反跌 油气股料急起直追
特許费達協议 砂油气将活络
星洲日报 行业快门 洪建文/报道 2-10-2021

Kenanga Reseach upgrade O&G counters to 买进(BUY), 认为油气股股价和国际油价的”错配”,将带来短线交易和捞底的机会。
02/10/2021 10:19 AM
bullmarket1628 October 5, 2021 3:46 AM +08Last Updated 4 hours ago
Oil settles above $81 with OPEC+ sticking to output increase
By Laura Sanicola


Oct 4 (Reuters) - Oil jumped to a three-year peak on Monday after OPEC+ confirmed it would stick to its current output policy as demand for petroleum products rebounds, despite pressure from some countries for a bigger boost to production.
The producer club's decision to keep increasing oil output gradually sent prices sharply higher, adding to inflationary pressures that consuming nations fear will derail an economic recovery from the pandemic. read more
OPEC+ agreed in July to boost output by 400,000 barrels per day (bpd) each month until at least April 2022 to phase out 5.8 million bpd of existing production cuts.
Brent crude settled up $1.98, or 2.5%, to $81.26 a barrel. It rose 1.5% last week for a fourth consecutive weekly gain, and was back up to highs last seen in 2018.

U.S. oil settled up $1.74, or 2.3%, to $77.62 a barrel after gaining for the past six weeks, and was at its highest since 2014.
"Given the demand picture and the outcome of the OPEC meeting, the overall sentiment around crude is bullish," said John Kilduff, partner at Again Capital LLC in New York.
Demand for coal and natural gas has exceeded pre-COVID-19 highs with oil closely trailing, according to energy watchdog, the International Energy Agency. Three-quarters of global energy demand is still met by fossil fuels, with less than a fifth by non-nuclear renewables.
OPEC+, which groups the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, has faced pressure from some countries to add back more barrels to the market as demand has recovered faster than expected in some parts of the world.

Four OPEC+ sources told Reuters recently that producers were considering boosting output by more than had already been agreed. read more
The oil price rally has also been fuelled by an even bigger increase in gas prices, which have spiked by 300%, prompting switching to fuel oil and other crude products to generate electricity and for other industrial needs.
05/10/2021 7:37 AM
bullmarket1628 Walaoeh, super damn hot man Hibiscs today !
Now Hibiscs already traded at=> 0.76 (+0.035) (+4.83%)

Huat ah, Heng ah, Ong ah !
05/10/2021 12:01 PM
Godofgambler Perdana going up soon.
05/10/2021 6:44 PM
oldguy Buy 12.5cen and keep for 6 months .now offer low price.
05/10/2021 10:32 PM
Expertise Sleeping tiger wake up soon
05/10/2021 11:11 PM
Godofgambler I guess now oil and gas are preparing their gears..
Impossible they do nothing watching the gold bars passing by.
Now oil price super high
06/10/2021 8:11 AM
WongKris R U sleeping R U Sl--------, Da Da John ---------!!!
06/10/2021 10:23 AM
bullmarket1628 Walaoeh, super damn hot man Hibiscs today !
Now Hibiscs already traded at=> 0.80 (+0.045) (+6.0%)

Huat ah, Heng ah, Ong ah !
08/10/2021 9:41 AM
bullmarket1628 Walaoeh, super damn hot man Armada today !
Now Armada already traded at=> 0.49 (+0.02) (+4.3%)

Huat ah, Heng ah, Ong ah !
08/10/2021 9:44 AM
bullmarket1628 Walaoeh, Oil price continue to rise !
Brent at $82.54 +0.59 +0.72%

Huat ah, Heng ah, Ong ah !
09/10/2021 8:43 AM
bullmarket1628 Hitting the highways: Interstate travel allowed starting Monday (Oct 11), says PM
Sunday, 10 Oct 2021 2:56 PM MYT


PETALING JAYA: Interstate travel nationwide will resume starting Monday (Oct 11), says Datuk Seri Ismail Sabri Yaakob.
The Prime Minister said this during a special address at 3pm on Sunday (Oct 10).

"With the achievement of almost 90% of the population being fully vaccinated, therefore I would like to announce that interstate travel will be allowed. This will begin on Monday (Oct 11).
“Interstate travel is only allowed for those who are fully vaccinated.
“The lifting of the prohibition on interstate travel does not apply for visits to localities placed under enhanced movement control order," he added.
Ismail Sabri also said fully vaccinated Malaysians can travel abroad without MyTravelPass effective Monday (Oct 11)...
10/10/2021 4:10 PM
Godofgambler Flying soon
11/10/2021 7:18 AM
bullmarket1628 Walaoeh, super damn hot man Hibiscs today !
Now Hibiscs already traded at=> 0.88 +0.065 +8.0 %

Huat ah, Heng ah, Ong ah !
11/10/2021 9:37 AM
bullmarket1628 Walaoeh, super damn hot man Armada today !
Now Armada already traded at=> 0.52 +0.03 +6.1 percent !

Huat ah, Heng ah, Ong ah !
11/10/2021 9:42 AM
bullmarket1628 Wow, Amazing !
Now Hibiscs already traded at=> 0.915 +0.10 +12.3 percent !

Huat ah, Heng ah, Ong ah !
11/10/2021 9:47 AM
Godofgambler 0.30 on the way!!!!?
11/10/2021 10:32 AM
Godofgambler Rockkeetttttttt
11/10/2021 10:32 AM
bullmarket1628 Walaoeh, super damn hot man Perdana today !
Now Perdana already traded at=> 0.135 +0.01 +8.0%

Huat ah, Heng ah, Ong ah !
11/10/2021 10:48 AM
Godofgambler Rocccckeetttttt
11/10/2021 7:29 PM
EviltigerXD tipu...mana rocket oi
13/10/2021 9:22 AM
Godofgambler Roccckkeeettttt
14/10/2021 7:27 PM
Bgt 9963 Sleeping stock...!
16/10/2021 9:18 AM
Godofgambler Goingbto rocket
16/10/2021 12:29 PM
Godofgambler Going to rocket
16/10/2021 12:30 PM
Godofgambler Mondaaayyy rockettttt
17/10/2021 2:19 PM
tamp0i I have been sleeping with Perdana ever since last year... No worries, will continue to sleep and rocket together with you knowing that 30 cents is possible. Meanwhile. Keep buying in the bottom, yum yum
17/10/2021 3:47 PM
EviltigerXD mana rocket oi
20/10/2021 12:16 PM
bullmarket1628 Oil Prices Could Explode As U.S.' Largest Storage Hub Nears Empty
By ZeroHedge - Oct 21, 2021, 2:30 PM CDT

23/10/2021 7:53 AM
Godofgambler https://www.theedgemarkets.com/article/global-oil-demand-soaring-and-refiners-are-reaping-profit
31/10/2021 10:37 AM
Expertise perdana this Q turn to black
25/11/2021 9:22 AM
EviltigerXD Wa rocket really...u guy really no lying me
26/11/2021 5:11 PM
EviltigerXD Walaoehhhhhh
06/12/2021 2:49 PM
bullmarket1628 Walaoeh, oil price spike up like mad !
Brent closed at=> $75.52 +1.56 +2.11%
Like that today Perdana will limit up already liao lah !

Huat ah, Heng ah, Ong ah !
23/12/2021 5:37 AM
bullmarket1628 Walaoeh, oil price continue it’s bull run !
Brent closed at=> $76.60 +1.32 +1.75%
Like that today Perdana going to limit up already liao lah !

Huat ah, Heng ah, Ong ah !
24/12/2021 7:13 AM
bullmarket1628 Walaoeh, oil price continue to spike up to sky high !
Brent closed at=> $78.47 +2.68 +3.54%
Like that today Perdana going to limit up already liao lah !

Huat ah, Heng ah, Ong ah !
28/12/2021 6:19 AM
bullmarket1628 Walaoeh, oil price spike up like mad !
Brent closed at=> $78.94 +1.16 +1.49%

Like that today Perdana going to limit up already liao lah !
Huat ah, Heng ah, Ong ah !
04/01/2022 6:38 AM
bullmarket1628 Walaoeh, oil price continue it’s bull run !
Brent closed at=> $80.16 +1.18 +1.49%

Like that today Perdana going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !
05/01/2022 6:20 AM
bullmarket1628 Oil ends up at $80/bbl as OPEC+ sticks with Feb output hike
By Arathy Somasekhar 6.35am 5-1-2022

* Brent almost back to Nov levels before first Omicron reports OPEC+ decision reflects easing concern of oil surplus
* U.S. State Department says Iran talks show modest progress
* POLL-U.S. crude stockpiles seen lower for sixth straight week
* Coming Up: Weekly API inventory data due at 2130 GMT

Jan 4 (Reuters) - Global benchmark Brent crudejumped on Tuesday to $80 a barrel, its highest since November, as OPEC+ agreed to stick with its planned increase for February based on indications that the Omicron coronavirus variant would have only a mild impact on demand.

Brent futures settled up $1.02, or 1.3%, at $80 a barrel, almost back to the level they were at on Nov. 26 when reports of the new variant first appeared, sparking a more than 10% decline in prices on that day.
U.S. West Texas Intermediate (WTI) crude rose 91 cents, or 1.2%, to $76.99.

"The oil market is bullish today as a result of optimism sourced from today's monthly OPEC+ meeting, which is helping oil prices trade higher," said Rystad Energy's head of oil markets, Bjornar Tonhaugen.
OPEC+, comprising of the Organization of the Petroleum Exporting Countries and allies, agreed to stick to its planned increase of 400,000 barrels per day (bpd) in oil output in February.
Its decision reflects easing concerns over a big surplus in the first quarter, as well as a wish to provide consistent guidance to the market. Crude stockpiles in the United States, the world's top consumer, were forecast to have dropped for a sixth consecutive week, analysts polled by Reuters estimated ahead of weekly industry data due at 4:30 p.m. EST (2130 GMT), followed by the government's report on Wednesday.
The White House welcomed the decision by OPEC+ to continue increases in production which will help facilitate economic recovery, a spokesperson said.
"It appears that the market is making the bet that Omicron is the beginning of the end of COVID-19," said Scott Shelton, an energy specialist at United ICAP.
In Britain, people being hospitalised with COVID-19 were generally showing less severe symptoms than previously.
While in France, the finance minister said some sectors were being disrupted by the surge of the fast-spreading Omicron variant, but there was no risk of it "paralysing" the economy and stuck to a forecast of 4% GDP growth in 2022.
Global manufacturing activity remained strong in December, suggesting Omicron's impact on output had been subdued.
However, analysts warned OPEC+ may have to change tack if tension between the West and Russia over Ukraine flares up and hits fuel supplies, or if Iran's nuclear talks with major powers make progress, which would lead to an end to oil sanctions on Tehran.
"We think these two events represent major wildcards that could quickly alter the price trajectory and test OPEC's rapid response mechanism," RBC analysts said in a note.
The U.S. State Department said talks with Iran have shown modest progress and that United States hopes to build on that this week.
Libyan output is likely to be about 500,000-600,000 bpd lower in the coming weeks, more than offseting the planned monthly increase in OPEC+ production, chief commodities economist at Capital Economics Caroline Bain said.

Libya's state oil firm said on Saturday oil output would be reduced by 200,000 bpd for a week due to maintenance on a main pipeline, adding to disruptions two weeks ago after militia blocked operations at the Sharara and Wafa oilfields.
However, Bain said Capital Economics remained of the view that as OPEC+ continues to raise production in the coming months and demand growth normalises, oil prices will come under downward pressure. Capital Economics' year end-2022 forecast for Brent crude is just $60 per barrel.
05/01/2022 6:53 AM
bullmarket1628 Walaoeh, oil price continue to spike up to sky high !
Brent closed at=> $82.06 +$1.26 +1.56%

Like that today Perdana going to limit up already liao lah !
Huat ah, Heng ah, Ong ah !
07/01/2022 7:02 AM
bullmarket1628 Oil extends rally on Kazakhstan unrest and Libyan outages 6.35am 5-1-2022
By Jessica Resnick-ault

* 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

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.
07/01/2022 7:47 AM
bullmarket1628 Walaoeh, oil price spike up like mad !
Brent closed at=> $83.63 $2.76 +3.41%

Like that today Perdana going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !
12/01/2022 6:20 AM
bullmarket1628 Yes, Perdana touched 12.5 cents already !
Big Angpow mari mari come !

Heng ah, Ong ah, Huat ah !
12/01/2022 10:23 AM
bullmarket1628 Walaoeh, oil price continue it’s bull-run !
Brent closed at=> $84.75 +1.03 +1.23%

Like that today Perdana going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !
13/01/2022 6:23 AM
bullmarket1628 Oil rally to continue in 2022 as demand outstrips supply, analysts say
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

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.
13/01/2022 7:31 AM
Godofgambler Flying sooonnn
13/01/2022 8:00 AM
bullmarket1628 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 !
14/01/2022 4:47 PM
bullmarket1628 Walaoeh, oil price spike up to sky high !
Brent closed at=> $86.36 +1.89 +2.24%

Like that next Monday Perdana going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !
15/01/2022 7:18 AM
bullmarket1628 Walaoeh, oil price continue to rise !
Brent closed at=> $86.56 +0.50 +0.58 percent !

Like that tommorrow Perdana going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !
18/01/2022 7:07 AM
bullmarket1628 Walaoeh, oil price continue to spike up like mad !
Brent closed at=> $88.52 +$2.04 +2.36%

Like that today Perdana going to limit up already liao lah !
Huat ah, Heng ah, Ong ah !
19/01/2022 6:39 AM

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