Colombia’s Avianca airline files for bankruptcy over pandemic

Can you imagine, in just 4 weeks from now we have another opec meeting! Mark your calandras June 10

Energy stocks spiking globally as matket open on Monday Blues

The great oil glut of 2020 may have already peaked in the world’s biggest crude importer

The Car Is Staging a Comeback, Spurring Oil's Recovery

As lockdowns ease, commuters are taking to their cars to avoid the risks of public transport — and it’s showing in gasoline demand data

Brent: $30.85 (4.72%)
WTI: $24.63 (4.59%)

Stay above USD 30

Genting bleeding profusely......ICU soon

Why Sell early When FOMO Are Rushing In To Buy

less oil producer means less competitors

U.S. oil drilling sinks to 11-year low as rig count continues to plunge

May 8, 2020 1:13 PM ET|About: The United States Oil ETF, LP (USO)|By: Carl Surran, SA News Editor
The count of active U.S. drilling rigs dropped by another 34 to 374, on top of a decline of 121 over the previous two weeks, for the seventh consecutive decline in Baker Hughes' weekly survey.

U.S. rigs targeting crude oil fell by 33 to 292 for the eighth straight weekly drop and a 57% decline since mid-March, while gas rigs shed 1 to 80 and 2 rigs remain classified as miscellaneous.

Ready Bullets to Buy In Tuesday Open ...Sell to me cheap 2 for all I care...steady pun pipi

Brent: $30.21 (2.55%)
WTI: $24.54 (4.2%)

Brent Crude Oil is on the rise again, trading at $31+ per barre

Today still Best time to collect b4 the Oil price spikes next month ,..more oil cnsumptions expected due to global reopening of economies ....

New Normal will change how Genting operates Globally and its not a good pic in terms of future profitability not unless a vaccine is available to counter the fear of crowded syndrome

SHUT-IN MONITOR: US shale oil giant EOG Resources says it’s shutting 125,000 barrels a day oil equivalent in May (up from just 24,000 b/d in April) and about 100,000 b/d in June

Wall Street futures were up ahead of the start to trading, with Dow futures up 1.3% and those for the S&P 500 up 1.4%

Petronas fails application to stay payment of RM1.3bil to Sarawak
Thursday, 07 May 2020

5:11 PM MYT
By SHARON LING


KUCHING: The High Court here has dismissed Petronas' application for a stay of proceedings to enforce the payment of state sales tax on petroleum products amounting to over RM1.3bil to the Sarawak government.

Judge Azhahari Kamal Ramli ruled that Petronas had failed to prove special circumstances to justify a stay of the enforcement proceedings.

Petronas applied for the stay pending the hearing of its appeal against the dismissal of its judicial review application on March 13 to declare the state sales tax unconstitutional.

The appeal is fixed for hearing in Putrajaya on June 17.


Signs of Petronas drying up fast......how to pay contracts awarded to Dayang and Perdana in future is still a BIG Q

Some ppl still waiting sideways to reenter after selling low lasts few weeks ...hoping to buy back below 0.40 ..i think that wont happen anytime soon unless the demands is worsen

Brent: $31.59 (6.29%)!!!
WTI: $26.33 (9.75%)!!!

Petronas fails application to stay payment of RM1.3bil to Sarawak
Thursday, 07 May 2020

5:11 PM MYT
By SHARON LING


KUCHING: The High Court here has dismissed Petronas' application for a stay of proceedings to enforce the payment of state sales tax on petroleum products amounting to over RM1.3bil to the Sarawak government.

Judge Azhahari Kamal Ramli ruled that Petronas had failed to prove special circumstances to justify a stay of the enforcement proceedings.

Petronas applied for the stay pending the hearing of its appeal against the dismissal of its judicial review application on March 13 to declare the state sales tax unconstitutional.

The appeal is fixed for hearing in Putrajaya on June 17.


Signs of Petronas drying up fast......how to pay contracts awarded to Dayang and Perdana in future is still a BIG Q !

Lowballers cant sleep tonight FOMO ....tmr will shout limit down ! lolzzz maybe just maybe they can still collect at below 0.60 next week ...

BRENT fierce up tonight tmr fasten yr seat belt.

ICE - Brent Crude Oil Future - JUL20 up 7% to 31.8

I just pump full tank n 3 of my cars .....apa tunggu lagi bossku? Just help market to clear 1 barrel ....lolzzz

PARIS (Reuters) - Two weeks of coronavirus shutdown were enough to hit Air France-KLM (AIRF.PA) with an 815 million-euro ($880 million) first-quarter operating loss, the airline group said on Thursday - predicting demand could take “several years” to recover.

Demoters trying to lowball after selling low last weeks....whatever ....from past comments once they bought in suddenly becomes promoters

Firstly, both its North Sabah and Anasuria teams are targeting a reduction in unit production costs for 2020 through the deferral of non-critical opex activities and managing general & administrative expenses.

There is also no major capital expenditure planned for Anasuria this year, while the North Sabah team has undertaken efforts to optimise development capex for its 2020 drilling campaign to ensure the clear economic viability of projects even with prevailing low crude prices.

“This has resulted in the asset targeting a reduction of unit development costs from US$14.2/bbl to US$10.5/bbl over the 2020 period,” it said.

The group is also targeting a total net production of 3.2 million barrels of oil for 2020, with planned offtakes for

Q4’20 may potentially be deferred to Q1’21 in order to realise higher crude prices in both North Sabah and Anasuria.

Remember to Pump Full Tank today coz tmr gasoilne might go up at yr nearest petrol station ya

A friend of mine living in US mentioned this today .. Gasoline in Wisconsin went from 0.99 to 1.59 per gallon in a week times...looks like cheap gasoline is coming to an end

Trafigura is one of the world's largest independent oil and petroleum products traders. We buy and sell barrels and move them highly efficiently. We are continually improving logistics, service and performance. Our partners are utilities, refiners, oil majors and National Oil Companies.

Hibi had made a new BFF ! Steady Punpipi...apa worry bossku?

Trafigura
Type Private
Revenue US$ 180.7 billion (2018)
Operating income 1,491,700,000 US dollar (2018)
Net income US$ 0.872 billion (2018)
Total assets US$ 53.8 billion (2018)

Brent: $31.37 (1.29%)
WTI: $25.27 (2.89%)

Oil price extending recent gains - up another 3% today

haha karen never lsten to sharks ...lthere are plenty in this forum ...

0.52 ...2 mil also kena makan last minute at 4.51pm ...apa takut bossku?

0.52 nice closing ....still staying strong

Cover back your shorts ...hurry oil rebounce back !

DickyMe Posted
Are you sure? It is around 28+ somewhere else. FAKE NEWS ! ?

Dont worry Pun pipi

Luckily manage to match all at 0.515

Add more at 0.515

Oil Companies buying crude oil filling emegency storage.
Also they are buying floating stock in ships all across the world Saving billions of foreign exchange.

Oil prices moving up nicely as demand begins again! Donald Trump Tweeted

Buy and Hold is the name of the game ...occasionally nibble on profit taking

Today Seller mostly gamblers who do not hv the money to pay for their shares

BRENT Oil price update: $31.02

Few days of UP and only 1 Day of Down ...

Think operator wont let it fall below 0.510 looking at Brent Price now above USD30