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2018-02-22 12:26 | Report Abuse
Then I will top up against lo
2018-02-22 10:48 | Report Abuse
Now waiting 0.975 top up against
2018-02-22 10:34 | Report Abuse
Done to top up against at 0.985
2018-02-22 10:19 | Report Abuse
Now waiting 0.98 to top more against
2018-02-22 10:06 | Report Abuse
waiting 0.975 top up more against
2018-02-22 09:55 | Report Abuse
Public bank given new TP is 1.08
2018-02-03 01:21 | Report Abuse
free warrant should be price of mother share cut half ......
2018-02-02 11:38 | Report Abuse
and free warrant will given from hibiscus.
2018-02-02 11:37 | Report Abuse
QR Will announce, hold your share, don't sell , buy more , cny soon , this cny will shoot up again, share market also up , big cny ang pow will coming, given from hibiscus .
2018-02-02 11:13 | Report Abuse
QR will announce soon ,.don't sell just keep , today top up day , buy more...
2018-01-25 16:48 | Report Abuse
Tomorrow coming up again , buy buy buy , don't become late , tomorrow no more 1.07
2018-01-25 16:42 | Report Abuse
Brent oil up again , buy buy buy........
2018-01-25 14:48 | Report Abuse
Brent oil now hit 71.03 usd per barrel , later share price move shooting up.
2018-01-25 08:52 | Report Abuse
No , today different with last week ,
2018-01-25 08:51 | Report Abuse
Brent oil new higher , buy buy buy , today should be shoot up again above 1. 11
2018-01-25 08:48 | Report Abuse
The price of Brent crude is already up by 40% in the last four months, taking into account the fall in the stock of crude since the second quarter of 2017. Now that production is rising again, the stock will likely go up and the price will come down
OPTIMISM is riding high for Brent crude to comfortably surpass the US$70-per-barrel mark.
However, recent numbers from the United States indicate that the shale oil and gas (O&G) producers are back in overdrive and are expected to push production of that country to a record 10.3 million barrels per day (b/d) this year, higher than the average of 9.3 million b/d last year.
The developments in the US, together with the fragile agreement to restraint production between members of the Organisation of the Petroleum Exporting Countries (Opec) and non-Opec countries, suggest that there is limited upside for Brent crude oil prices.
Rising since October last year, Brent crude hit US$70 per barrel last week. It was the highest since December 2014, the year that saw oil prices falling from grace, changing the dynamics of oil-exporting economies in the process.
The US is poised to be the largest producer of O&G, topping Saudi Arabia, which produces close to 10 million b/d.
The previous highest average annual production in the US was 9.6 million b/d set in 1970, according to the US Energy Information Administration. Most of the growth in the production is forecast to come from the shale O&G activities in the Permian region, Texas and the Gulf of Mexico.
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The report has also forecast the possible production of crude oil from the US in 2019 – estimated to average about 10.8 million b/d for the year, with the number likely to surpass the 11 million b/d mark towards the end of 2019.
The rise in the production of shale O&G lends credence to the view that the price of Brent crude could come under pressure in the short term, and is not likely to be able to maintain its price of above US$70 per barrel for long.
The International Energy Agency (IEA) has estimated the price of Brent crude to average between US$50 and US$70 in November last year, while technical reading indicates that the psychological resistance level is at US$72 per barrel.
Apart from the IEA forecast, the latest report from the US states that shale O&G operators are able to operate as long as the price of the West Texas Intermediate (WTI) is above US$50 per barrel.
Supporting the fact that the US shale O&G operators are back on track is the increasing onshore rig count for this year.
According to Baker Hughes, the shale O&G operators have been able to maintain a positive cashflow from their operations, and the rig count is expected to increase to 370 by the end of this year compared to 345 as at end-2017, indicating an increase in activity.
The rise in the price of Brent crude in the last few months is for several reasons – from the severe winter season to disruption in production in some of the major oil producers and the closure of the Forties pipeline system in the UK.
Inventory levels of crude oil have come down since the second quarter of last year. They fell for three consecutive quarters, up to the fourth quarter of 2017 – something that has happened only in 1999, 2009 and 2013.
When this happened in the past, the price of crude increased. The price doubled in 1999, increasing by nearly US$20 per barrel in 2009 and rising by US$6 per barrel in 2013, according to the IEA.
The price of Brent crude is already up by 40% in the last four months, taking into account the fall in the stock of crude since the second quarter of 2017.
Now that production is rising again, the stock will likely go up and the price will come down.
This article first appeared in StarBiz Premium on Jan 23.
TAGS / KEYWORDS:
Oil & Gas , Corporate News , Oil
Read more at https://www.thestar.com.my/business/business-news/2018/01/25/brent-crude-rise-likely-to-run-out-of-steam/#xVT4jRpuJheJTob3.99
2018-01-24 13:23 | Report Abuse
Buy buy buy , don't become late , before cny tp 1.00
2018-01-22 15:50 | Report Abuse
Buy buy buy , later no more rm 0. 240
2018-01-22 15:50 | Report Abuse
Buy buy buy , later no more rm 0. 535
2018-01-22 15:36 | Report Abuse
Buy buy. Buy , after 4.00 pm will shooting up , closing today 0. 245 --- 0. 265
2018-01-22 15:34 | Report Abuse
Buy buy buy, after 4. 30pm will come ..... Today closing 0. 535 ---0. 605 .....
2018-01-19 16:18 | Report Abuse
Brent oil down 0.95% to 68.65 usf
2018-01-19 16:13 | Report Abuse
Next week should be below 1.00
2018-01-19 15:58 | Report Abuse
Brent oil down now 68.69 only
2018-01-19 15:49 | Report Abuse
Brent oil going down , sell well sell
2018-01-19 11:19 | Report Abuse
Run run run sell sell sell first , lower price buying back...
2018-01-18 16:48 | Report Abuse
Sell n run before the share price become below rm 1 .
2018-01-18 16:36 | Report Abuse
No power for hibiscus ...... Buy very less , seller alots . better run fist ......
2018-01-18 16:11 | Report Abuse
Run first , when the price low back. Can buy back.....
2018-01-18 16:04 | Report Abuse
Due to malaysia market no ok, downtrend come......
Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD
2018-02-22 15:17 | Report Abuse
Actually today the prices can closing at green , it's ok for me....