I dont understand the announcement anyhow hope it good news

Copy and paste it here

Any prediction letgo?

KLCIGoingHeaven kesian mudah -mudahan ia dipermudahkan.

Hang diamlah itu sudah cukup.

Its all in the hands of bursa.

Soon it will move out from suspension i guess.

Crude oil prices today - Oilprice.com


WTI CRUDE 57.26 +0.53%
BRENT CRUDE 67.25 +0.09%
NATURAL GAS 2.739 +0.55%
OPEC BASKET 66.50 +0.80%
Click Here for 200+ Global Oil Prices


BREAKING NEWS: U.S. Crude Oil Production Hits Record 12 Million Bpd
Alt Text
Rig Count Falls As US Oil Production Hits All-Time High
The US rig count fell…

Alt Text
Saudi Arabia To Invest $100 Billion In India’s Energy Sector
Saudi Arabia will invest US$100…

Home Energy Energy-General
Oil Prices Nearing Breakout Levels
By Tom Kool - Feb 19, 2019, 2:00 PM CST
Join Our Community
Bullish
OPEC+ cuts, supply disruptions and an easing of trade tensions between the U.S. and China has boosted crude oil to a three-month high.



(Click to enlarge)



(Click to enlarge)



(Click to enlarge)



(Click to enlarge)

- Bank of America Merrill Lynch says that Brent will likely trade between $50 and $70 per barrel over the next five years.

- The bank says that prices will be “anchored” around $60, and that rising U.S. shale supply and OPEC’s willingness to back out production will keep volatility in check.

- However, the bank also said that a global economic slowdown would throw this forecast out of the window. Some worrying economic data in China presents one of the largest downside risks to the oil market.

Market Movers

• Occidental Petroleum (NYSE: OXY) was downgraded two notches by Barclays, from Overweight to Underweight, with a $70 price target. Barclays says the company’s deficit, its aggressive growth target, and its valuation all supported the downgrade.

• Eni (NYSE: E) saw its shares jump on Friday after it reported $1.65 billion in fourth-quarter profits, beating expectations.


• U.S. Silica (NYSE: SLCA) reported a fourth-quarter loss of $256 million, down from a $72 million profit a year earlier. Frac sand sales were “negatively impacted by the well-reported industry headwinds related to budget exhaustion and lack of takeaway capacity, as well as further pricing

Tuesday, February 19, 2019

Oil nearing a breakout? Some analysts see higher prices ahead, as the OPEC+ cuts create a tighter backdrop. Any unexpected outage could send prices much higher, while a breakthrough in the trade war could remove one of the largest downside risks. “Brent and WTI are both now seriously testing a major resistance zone, around $65 and $55, respectively, the break of which could be the catalyst for another rally,” Craig Erlam, senior market analyst at brokerage OANDA, wrote in a morning market briefing.

Saudi Arabia cutting deep. Saudi Arabia is going above and beyond in its production cuts, but it’s unclear how long Riyadh will be willing to shoulder the burden alone. “Saudi Arabia’s production cuts by more than the required level also serve to offset the lack of compliance shown by countries like Iraq. It is doubtful whether Saudi Arabia will be willing to do so long-term, however. After all, the Saudis are losing market shares to US shale oil producers,” Commerzbank wrote in a note.
Related: The Top Geopolitical Trends Of 2019

Texas to install world’s biggest battery. A 495-megawatt energy storage system combined with a solar farm is set to be installed in Texas. Ironically, the project is intended to support oil operations in the Permian, according to Bloomberg. The energy storage system will be the world’s largest.

VW expands electric offerings. VW (OTCMKTS: VWAPY) announced plans to expand its electric vehicle offerings in the coming years, aiming to add models for the Chinese market. VW is planning on spending 9 billion euros on 20 EV models by 2025.

BP: renewable energy and natural gas dominate growth. According to BP’s (NYSE: BP) latest energy outlook, renewable energy and natural gas will together claim 85 percent of the world’s energy supply growth through 2040. The new analysis “brings into sharp focus just how fast the world’s energy systems are changing, and how the dual challenge of more energy with fewer emissions is framing the future,” BP CEO Bob Dudley said.

Mexico to spend $5.2 billion on Pemex. Mexican President Andres Manuel Lopez Obrador announced a $5.2 billion rescue package for state-owned Pemex. “We’ve taken the decision to support Pemex with everything,” AMLO said last week. “We’re going to launch an initial plan, but if they require more, there will be more support.” The package means that Pemex won’t turn to the bond markets this year. Critics view the state support not only as insufficient to put Pemex on a sustainable path – Pemex is the world’s most indebted oil company – but it will also act as a drag on the Mexican budget.

War on plastic could cut into oil demand. The petrochemical sector is expected to be one of the few sectors that will see large crude oil demand growth over the coming decades. Much of that is the result of turning oil and natural gas liquids into plastics. However, policies targeting plastic use are proliferating. Recycling and bans on single-use plastic could cut the assume

Home
MY

TRENDING NOW
1MDB
Select Language​▼
MALAYSIACORPORATE
TOP STORIES
Highlight
Ringgit could rise to RM3.90 level this year, says Rakuten
Justin Lim
/
theedgemarkets.com

February 22, 2019 13:43 pm +08



-A+A
KUALA LUMPUR (Feb 22): The ringgit could strengthen to the RM3.90 level against the US dollar this year, underpinned by the US-China trade war optimism, says Rakuten Trade Sdn Bhd.

"We are seeing the tension from the US-China trade war diminishing, as now US has realised there won't be benefits from the trade war. (They have) instead taken a step back and come out with agreements.

"This has boosted the Chinese reminbi as well as regional currencies, especially ringgit," said Kenny Yee, head of research at Rakuten Trade, at a media briefing here.

Advertisement

Yee added that the reason for the ringgit strengthening along with Reminbi is because the correlation between these two currencies against the greenback is the closest.

The ringgit was trading at 4.0825 against the greenback at the time of writing. Year to date, ringgit has rallied about 1.23%.


Subscribe to Editor's Picks & Mid-day email alert
We deliver news to your inbox daily
Email Address
RELATED NEWS
13 March 2014
Flash: Global equity inflows expected to outpace bond inflows this year, says Franklin Templeton
7 April 2014
#Flash* Malaysia GDP to grow 4.9% this year, says World Bank
19 January 2015
Malaysia GDP forecast to grow 5.2% this year, says HSBC
19 January 2015
Malaysia inflation forecast to hit 3.8% this year, says HSBC
FEATURED VIDEOS


22 Feb | 09:00pm Featured, Evening 5
EVENING 5: LRT3 firmly back on track

22 Feb | 09:00pm Friday Takeaway, Featured
FRIDAY TAKEAWAY: Construction sector prospects: Part 2

22 Feb | 03:00pm Friday Takeaway, Featured
On The Edge TV tonight

21 Feb | 09:00pm Upstart, Featured
UPSTART: Solving parking woes one driver at a time

21 Feb | 09:00pm Featured, Evening 5
EVENING 5: Mindef swapped land for voters

20 Feb | 09:00pm JustSaying, Featured
#JUSTSAYING: Is it too late to worry about privacy?

20 Feb | 09:00pm Featured, Evening 5
EVENING 5: Money laundering charges for Stadlen

20 Feb | 01:00pm Featured, JustSaying
On The Edge TV tonight

19 Feb | 09:05pm Evening 5, Featured
EVENING 5: Mindef reveals dodgy land deals

19 Feb | 09:00pm Talking Edge, Featured
TALKING EDGE: Is KL’s hotel market too crowded?

MOST READ
MOST WATCHED
1 U.S. stocks rise as trade talks near pivotal point
2 PAS attempting to break up Pakatan Harapan — Anwar
3 Syed Mokhtar's company confirms it was involved in RM500m land swap deal with MINDEF
4 Resetting Astro
5 Ringgit could rise to RM3.90 level this year, says Rakuten













Home About Us Join Us Contact Us Advertise with us Subscription Sitemap Term of use PDPA
© All rights reserved. 2019. The Edge Communications Sdn. Bhd.

Oil prices hit fresh 2019 highs on trade hopes
Published 12 Hours Ago Updated 28 Mins Ago
Reuters
Oil prices rose to their highest levels this year on Friday, supported by OPEC's ongoing supply cuts.
Hopes that Washington and Beijing may soon end their trade dispute also support crude futures.
Surging U.S. crude oil production and record crude exports offset the bullish factors.
174362712AB024_OIL_BOOM_SHI
Andrew Burton | Getty Images
Oil prices touched more than three-month highs on Friday, supported by rising hopes that the United States and China would soon reach a deal to end their trade war, but new record U.S. oil production limited gains.

International Brent crude futures were up 10 cents at $67.17 per barrel around 12:25 p.m. ET (1725 GMT), striking a fresh high of $67.73 going back to mid-November. Brent was on track for a weekly gain of about 1.4 percent.

U.S. West Texas Intermediate crude oil futures rose 36 cents to $57.32 per barrel, also setting a fresh 2019 high at $57.81. WTI was heading for a more than 3-percent weekly rise.


Traders said prices were lifted by hopes that Washington and Beijing could resolve their trade disputes, which have dented global economic growth.


The broad outline of a possible U.S.-China trade deal was beginning to emerge from talks between the two countries, sources told Reuters on Thursday.

Both sides are pushing for an agreement by March 1, the end of a 90-day truce agreed by U.S. President Donald Trump and Chinese President Xi Jinping late last year.

"Should risky assets receive some additional optimistic news out of the ongoing U.S.-China trade talks amidst potential weakening in the U.S. dollar, WTI could easily achieve our stated target to the $58 area today," Jim Ritterbusch, president of Ritterbusch and Associates, said in a note.

Prices continue to be supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia. The group, known as OPEC+, agreed in December to cut output by 1.2 million bpd to prevent a crude supply glut from growing.

Surging U.S. crude oil production, is partly offsetting OPEC's cuts.

"We see total U.S. crude production hitting 13 million bpd by year-end, with 2019 averaging 12.5 million bpd," U.S. bank Citi said following the release of the EIA report.

The bank said that some weeks could see 4.6 million bpd of gross crude exports by year-end, topping last week's record of 3.6 million bpd.

The market is awaiting data for this week's U.S. rig count, an indicator of future production, due after 1 p.m. EST. Last week, drillers increased the number of oil rigs operating for a second week in a row, General Electric Co's GE.N Baker Hughes energy services firm said.

With U.S. supply surging, Goldman Sachs said it expected non-OPEC supply to grow by 1.9 million bpd this year, more than offsetting the OPEC cuts.

That means much will depend on demand, which Goldman said it expected to grow by 1.4 million bpd this year.

Given the supply and demand picture, Goldman said it expected an average Brent price of $60-$65 per barrel in 2019 and 2020.

VIEW THE FULL MOBILE SITE
Data is a real-time snapshot *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

Data also provided by

© 2019 CNBC LLC. All Rights Reserved. A Division of NBCUniversal

Letgohrc any prediction?

Still no announcement on Perisai appeal dont no wat will happen.

Anchor will come out from trouble water more strongly and will prosper tremendously.

Perisai is anchor will be as strong as Forever.

Perisai will come ,with more project all who saying bad bout perisai will kena belacan dimuka sendiri,wait and see.

I dont understand ,wat not significant?

The announcement about wat ronaldo?

I didnt see any announcement

Ok letgohrc

Letgohrc u come,any prediction on Perisai?

Mungkin juga byk sibuk sana- sini ,,tiba-tiba dia dtg dan ckp nay sayer haha.

Letgohrc jual mahal.

Yes i think so.Meybe he come with a another name who knows.

I dont no ronaldo.

Oh sorry i wrongly read.

Read this ronaldo.

PERISAI - Suspension and De-Listing pursuant to Practice Note 17
PERISAI PETROLEUM TEKNOLOGI BHD

PERISAI PETROLEUM TEKNOLOGI BERHAD



Bursa Malaysia Securities Berhad (“Bursa Securities”) has rejected PERISAI’s proposed regularisation plan.



In the circumstances, please be informed that:-



1. the trading in the securities of PERISAI will be suspended with effect from 22 January 2019; and



2. the securities of PERISAI will be de-listed on 13 February 2019 unless an appeal against the rejection of the regularisation plan and de-listing is submitted to Bursa Securities on or before 10 February 2019 (“the Appeal Timeframe”). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.



In the event PERISAI submits an appeal to Bursa Securities within the Appeal Timeframe, the removal of the securities of PERISAI from the Official List of Bursa Securities on 13 February 2019 shall be deferred pending the decision on the company’s appeal.



With respect to the securities of the company which are currently deposited with Bursa Malaysia Depository Sdn Bhd (“Bursa Depository”), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.



Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at anytime after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities’ General Line at 03-2034 7000 for further information on the withdrawal procedures.



Upon the de-listing of PERISAI, the company will continue to exist but as an unlisted entity. PERISAI is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the company’s performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.


Announcement Info
Company Name PERISAI PETROLEUM TEKNOLOGI BHD
Stock Name PERISAI
Date Announced 11 Jan 2019
Category Listing Circular
Reference Number ILC-11012019-00003

The suspension announcement ronaldo

Did u read the suspension letter from bursa ronaldo? it say the last day to announce the appeal is on 22feb.

Because thats the day bursa will announce the appeal of Perisai .

Yes.

Yes all who bad mouth this Perisai jadi siapa mkn cili dia rasa pedas.

After 7pm

Yes ronaldo friday got major announcement always.

Perisai will come with more project and prosper in future.

Kalau lama sdh lingkup ,mengapa perisai appeal?

How u know November?

Sumatec up 1 cent and down half cents always the same for few weeks.

Yes waiting for perisai to be taken from suspension.Tunggu sampai 6 30pm. selalu

That was due date 22 feb.

Maybe next friday 22 feb.

Oil and gas set to be next star in 2019
FEBRUARY 12, 2019 @ 11:57AM
BY ZARINA ZAKARIAH

The Bunga Pakma gas platform located at the Malaysia/Vietnam border. - Pic courtesy by Repsol Oil&Gas Malaysia Ltd.

Source: Malaysian investment Development Authority (MIDA)
KUALA LUMPUR: The local oil and gas (O&G) sector will get more push from the government this year amid rising exploration and production (E&P) activities.

Deputy International Trade and Industry Minister Dr Ong Kian Ming said the O&G sector, which falls under the under the mining and quarrying category, will be second in the limelight after electrical and electronics (E&E) industry to receive a greater push and attention in 2019 due to its potential growth.

“We are looking at US$60 to US$70 a barrel of oil price now and this is sufficient to revive some of the E&P activities that may have been deferred or stopped due to the low oil price of below US$40 a barrel recently.

“I am cautiously optimistic that the oil and gas industry will rebound and will have more activities. The ministry is always ready to discuss on how we can help the production and sharing contract (PSCs) companies to improve their economic production this year,” Ong said at a Chinese New Year do at the ministry here yesterday.

He said while not many companies had closed, a lot of them had scaled down their operations.

However, the ministry expected a lot of potential especially in the downstream projects and products, he said, referring to the Petronas’ Pengerang Integrated Complex (PIC) in Johor and related activities such as the Dialog Group Bhd’s deepwater terminal and other investments into the Pengerang project by other companies.

“These are big investments and in due time when it is ready to be announced, we will announce them so that people can see that it is an industry that we want to expand especially on downstream petrochemical products,” he added.

According to Malaysian Investment Development Authority (MIDA), there are over 3,500 O&G businesses in the country. They comprise international oil companies, independents, services and manufacturing companies which support the needs of the O&G value chain both domestically and regionally.

Many major global machinery and equipment (M&E) manufacturers have also set up bases in Malaysia to complement home-grown M&E companies, while other Malaysian oil and gas companies are focused on key strategic segments such as marine, drilling, engineering, fabrication, offshore installation, and operations and maintenance (O&M).

Mining investments in the mining sub-sector, comprising oil and gas exploration and quarrying other minerals, spearheaded the primary sector.

Fuelled by natural gas extraction activities, this sub-sector contributed 94.3 per cent of total investments of the primary sector in 2017 with a total of 32 projects approved, with investments of RM11.7 billion.

Domestic investments amounted to RM7.3 billion (62.4 per cent) while foreign investments totalled RM4.4 billion (37.6 per cent), while a total of 243 potential jobs are expected to be created.

Manufacturers are now focusing on providing services to the assets which are approaching their end of design life.

Of the 12 projects approved in 2017 (total investment of RM731.7 million), six were expansion or diversification projects, with some focusing on refurbishment and upgrading activities.

Domestic investments contributed RM593 million (81 per cent), while foreign investments totalled RM138.5 million (19 per cent). These projects are expected to generate a total of 2,527 employment opportunities.

The petroleum products including petrochemicals industry have benefitted from the overall drop of oil prices over the past few years.

The industry is expected to have grown moderately in 2018, as companies responded to stabilising oil prices and continuing access to low cost of feedstock.

It is also an industry that has attracted the greatest level of Domestic Direct Investment (DDI) in 2017, amounting to RM25.6 billion out of RM26 billion in approved investments across 10 projects that created 1,949 job opportunities.

Thus, in spite of the global trends in the O&G industry, it continues to play a significant role in the economic development of Malaysia.

© 2019. NEW STRAITS TIMES PRESS (M) BERHAD (4485-H).
ALL RIGHTS RESERVED.

Yes got

No delist cos Perisai have appeal.

Pray pray and pray.

Ok ronaldo

Any announcement?

Yes yes waiting for good news

Lets see after 6pm got any announcement or not.

Up up up up up up up up Perisai my Anchor.