Flex1234

Flex1234 | Joined since 2017-06-30

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Stock

2018-02-22 15:17 | Report Abuse

Actually today the prices can closing at green , it's ok for me....

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2018-02-22 12:26 | Report Abuse

Then I will top up against lo

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2018-02-22 12:15 | Report Abuse

Waiting top up 0.96

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2018-02-22 11:40 | Report Abuse

Hahaha coming soon

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2018-02-22 10:59 | Report Abuse

Top up done at 0.975 also

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2018-02-22 10:58 | Report Abuse

Top up done at 0.98

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2018-02-22 10:48 | Report Abuse

Now waiting 0.975 top up against

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2018-02-22 10:37 | Report Abuse

Tomorrow 1.00 above

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2018-02-22 10:34 | Report Abuse

Done to top up against at 0.985

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2018-02-22 10:27 | Report Abuse

Buy buy buy , don't wait

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2018-02-22 10:19 | Report Abuse

Now waiting 0.98 to top more against

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2018-02-22 10:06 | Report Abuse

waiting 0.975 top up more against

Stock

2018-02-22 09:55 | Report Abuse

Public bank given new TP is 1.08

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2018-02-03 01:21 | Report Abuse

free warrant should be price of mother share cut half ......

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2018-02-02 11:38 | Report Abuse

and free warrant will given from hibiscus.

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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 .

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2018-02-02 11:13 | Report Abuse

QR will announce soon ,.don't sell just keep , today top up day , buy more...

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2018-01-25 16:48 | Report Abuse

Tomorrow coming up again , buy buy buy , don't become late , tomorrow no more 1.07

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2018-01-25 16:44 | Report Abuse

Sapnrg up back 0. 815

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2018-01-25 16:42 | Report Abuse

Brent oil up again , buy buy buy........

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2018-01-25 16:42 | Report Abuse

Brent oil now 71.13

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2018-01-25 14:48 | Report Abuse

Brent oil now hit 71.03 usd per barrel , later share price move shooting up.

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2018-01-25 08:52 | Report Abuse

No , today different with last week ,

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2018-01-25 08:51 | Report Abuse

Brent oil new higher , buy buy buy , today should be shoot up again above 1. 11

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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

Stock

2018-01-24 13:23 | Report Abuse

Buy buy buy , don't become late , before cny tp 1.00

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2018-01-22 16:12 | Report Abuse

Buy buy buy tomorrow no more 0. 56

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2018-01-22 15:50 | Report Abuse

Buy buy buy , later no more rm 0. 240

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2018-01-22 15:50 | Report Abuse

Buy buy buy , later no more rm 0. 535

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2018-01-22 15:36 | Report Abuse

Buy buy. Buy , after 4.00 pm will shooting up , closing today 0. 245 --- 0. 265

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2018-01-22 15:34 | Report Abuse

Buy buy buy, after 4. 30pm will come ..... Today closing 0. 535 ---0. 605 .....

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2018-01-19 16:18 | Report Abuse

Brent oil down 0.95% to 68.65 usf

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2018-01-19 16:13 | Report Abuse

Next week should be below 1.00

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2018-01-19 15:58 | Report Abuse

Brent oil down now 68.69 only

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2018-01-19 15:49 | Report Abuse

Brent oil going down , sell well sell

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2018-01-19 11:19 | Report Abuse

Run run run sell sell sell first , lower price buying back...

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2018-01-18 16:48 | Report Abuse

Sell n run before the share price become below rm 1 .

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2018-01-18 16:44 | Report Abuse

sell 1.03 run.......

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2018-01-18 16:36 | Report Abuse

No power for hibiscus ...... Buy very less , seller alots . better run fist ......

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2018-01-18 16:11 | Report Abuse

Run first , when the price low back. Can buy back.....

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2018-01-18 16:04 | Report Abuse

Due to malaysia market no ok, downtrend come......

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2018-01-18 15:54 | Report Abuse

Below 1.00 can buy more.

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2018-01-18 15:53 | Report Abuse

Buy at lower price

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2018-01-18 10:26 | Report Abuse

Support 1.00 banyak