Oil Crash Accelerates, Rippling to Currencies and Stocks
Brent loses a quarter of its value, a day after U.S. oil prices fell below zero

0.440 drop from 0.445

0.445 opening drop from 0.45

opening 0.45

when WTI is negative , the Q is who will buy Brent ?

Virgin Australia goes into voluntary administration after government rules out saving airline
Biggest airline collapse since Ansett risks over 10,000 jobs and more than a billion dollars in prepaid tickets.

Never catch a falling knifessss

Petronas will needs bailout soon ...the Q is from who ?

Who dares to catch the falling knifessss

Saudi Arabia Going Bankrupt ....needs bailout from IMF soon

$7.95/barrel. Oil is practically 'no bid' now.

BREAKING: WTI front-month oil prices plunge 50% to $8.75 a barrel, lowest level since December 1973 (using a combination of daily, weekly and monthly data)

Richard Branson offers his island as collateral as Virgin Atlantic and Virgin Australia face collapse
By Hanna Ziady, CNN Business
Updated 1603 GMT (0003 HKT) April 20, 2020

TF can offer what for collateral ?

The dam breaks: WTI now $8.80!

Exclusive: Airbus puts six jets made for AirAsia up for sale as crisis deepens

Deposit paid to AB is it refundable ?

Disney is in ‘the eye of the storm’ — analyst warns parks may not open until January

Pump Up to Dump......clever...another way to short sell

Margin call limit UP !!!!

Not only is crude pacing its potential worst day in modern history, it is close to taking out 1999 lows. Before that, the next reference low is 9.75 in 1986. Only $2 away and down over $6 today alone

Oil cracks below $11/brl Right now DOWN $7.40 to $10.87/brl -40.5% ...

Oil prices in Canada just turned NEGATIVE. Producers now literally PAYING buyers to take oil away, as traders struggle to access storage.

United Airlines sees first-quarter loss of $2.1 billion

WTI Oil plunges 37%, biggest intraday drop since at least 1982. WTI now at $11.23, lowest level since 1998. Brent will likely follows

OIL (BRENT) Commodity
26.42
-1.83 (-6.48%)

Buyers bidding for crude in Texas are offering as little as $2 a barrel for some oil streams. The slumping value of physical barrels is raising the possibility that Texas producers may soon have to pay customers to take crude off their hands.

Dow Futures -360, oil below $14 a barrel and European indices reverse earlier gains.

WTI Is Down 13% at $15.91, Brent Is Down 2.1% at $27.50

Disney stops paying 100,000 workers to save $500m

Sharks will pump and dump later can buy lower....that is how they steal yr hard earned money.

read:
Idle North Sea oil rigs point to fresh crisis

Private oil firms, state-controlled companies and countries that rely on energy exports should brace themselves for a long period of pain

All in ? Pls do it next week ....the sharks wld be happy to sell to you

Malaysia shuts palm operations in part of Sabah after coronavirus outbreak
ASEAN+
Sunday, 19 Apr 2020
3:46 PM MYT
KUALA LUMPUR: Malaysia's largest palm oil producing state, Sabah, has temporarily halted palm operations in one area after 11 cases of the Covid-19 (coronavirus) were found there, the Bernama state news agency reported on Sunday (April 19).

Palm plantations and mills in Felda Sahabat, operated by the world's largest crude palm oil producer, FGV Holdings, would be temporarily suspended and public movements banned as authorities carry out coronavirus containment efforts, a district police chief, Nasri Mansor, said.

The directive will remain in force until all residents in the community were tested and disinfection was completed, Bernama quoted Nasri as saying.

Sabah accounts for about 25% of palm oil production in Malaysia.

The world's second-largest palm producer on Saturday reported a total of 5,305 positive coronavirus cases, 88 of whom have died. - Bernama/Reuters

Malaysia may lose RM31 bil per year if oil prices remain at US$30 per barrel
Ahmad Naqib Idris
/
theedgemarkets.com

April 16, 2020 19:16 pm +08

it shld be emergency ( like life and death matters) to lodge a police report and for mefical emergency a registered doctor letter . maybe its better to ground than to fly without profit

Cathay Pacific to lay off overseas cabin crew, furlough pilots

Any good news folks ?

South African Airways plans to lay off its entire 4,700-strong workforce after failing to persuade the government to provide more financial help, a move that threatens to ground the 86-year-old national carrier good.

Down with 1 ...more to go next ?

ask yourself when is the last time you pump petrol , the answer to the next QR lies with you

North Sea warns oil and virus crises threaten survival

Oil plunges 12%, continues deep slump as dismal outlooks for global demand persist
Carmen Reinicke
Apr. 17, 2020, 09:42 AM

those BIGGGGG on contra player or margin player ...how much and low can they afford to lose ...hopefully still got money left for makan ....

No time for lowballers and party crasher...you know who you are. From RM 5 to 0.40 cents ...apa malu bossku ?

Aiyoyo .....lets join in the game ...tml then

keong gan liao ...still promote BUY arrrr?

Even when Gov who has not been Lowering the SUGAR subsidies but the rakyat has been overpaying for their beverages at restaurants or kedai kopi ..how mush do you pay for your kopi/teh now? ...its just a matter of time ...by then this share will see its glory days once again

why listen to lowballers ? This company used to belongs to the RICHEST Malaysian who sold to FGV at MYR1.22 Billion in 2011. Its easy to make huge profit once sugar price is revised due to global demand or Gov feels its about time to revise bcoz even country like Singapore, Indonesia, Thailand and even India selling their refined sugar more expensive than us . Malaysia has to decide on lowering Gov subsidies due to market forces

HIGH CASH but not UNLIMITED CASH ......it will be gone sooner than later

As per the latest report by IMARC Group, titled “Sugar Substitutes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global sugar substitutes market size reached US$ 15.7 Billion in 2019. Sugar substitutes are chemical or plant-based substances that replicate the taste of sugar. They are non-nutritive, high-intensity sweeteners, which are utilized for sweetening or enhancing the flavor of different food products and beverages, such as jellies, candies, puddings, canned food, baked goods, dairy products, soft drinks and powdered drink mixes. They are around 200 times sweeter than sugar and can help in weight loss, promoting dental health and maintaining the blood sugar levels.

The new normal will takes time to get used to ...Genm will never be the same again...sad

Avoid O & G counters during these uncertain times ...

Doesnt matter how long as long can buy at this price level ...keep for my children future

Sugar Rush steady pun pipi

Malaysia is too spoilt ...increase sugar is ineviatable