Due to Dayang has gone up to crazy level of 600m

Hv any existing bank borrowings bin settled??

If not together wit due to Dayang of 600m total borrowings is at an even crazier level !!

Take note 140m fr u d minorities for RCPS wil b used to settled due to Dayang

Viability of Perdana stil subject to restructuring of its bank borrowings how come of no mention of this?

Pathetic fallacy

War may break out in Middle East

Knn once a bomb or two went off everybody wil rush out from Middle East see u how

Limit down even price low d

Can show a pic of tat 1st BOTF here?

These Markets Are the Biggest Winners and Losers From Oil’s Rally
Traders to store, blend low-sulfur fuel on ships off Singapore
Cleaner fuel to turn costly as new emissions rules take effect
The world’s biggest offshore oil supermarket is stocking up for anti-pollution rules that Goldman Sachs Group Inc. predicts will upend energy markets.

The Strait of Malacca off Singapore and Malaysia is not only a waterway linking supply from the Middle East, Africa and the U.S. to Asia, but has also been used in the past decade to store millions of barrels of oil for future sales. Now, with new ship-emission regulations taking effect in 2020, traders are using the channel to hoard fuels for which demand will boom.

Some of the top trading houses are beginning to gather a fleet of tankers to receive, store and resell products such as low-sulfur fuel oil, diesel and light-cycle oil in what would effectively be a mini supply and distribution hub out at sea. That’s ahead of Jan. 1, when International Maritime Organization rules will require ships worldwide to stop burning dirty fuel and use relatively cleaner supply.


“In the coming months, we could see a flexible, low-cost floating tank farm in the Strait of Malacca,” said Anoop Singh, an analyst at shipbroker Braemar ACM. “We expect to see a whole fleet of tankers off Singapore and Malaysia taking part in a low-sulfur oil blending play that will also be found off other major ports such as Fujairah and Rotterdam.”

At least five vessels are currently anchored near Singapore with low-sulfur fuel oil and other blending components as of April 19, according to data intelligence firm Kpler SAS. They consist of long-range tankers, very large crude carriers and floating storage and offloading vessels that can each hold about 700,000 to 2 million barrels. Charterers include Japan’s Mitsui & Co. and Germany’s Uniper SE, shipbrokers and traders said.

Trader Rush
More will probably join them as other traders get in on the action. Five supertankers have been hired by Vitol Group, Gunvor Group Ltd., Litasco SA and Trafigura Group for storage off Singapore, according to Asian shipbrokers, who asked not to be identified as the information is confidential. The companies booked the vessels for time-charters of up to three months beginning this quarter.

Press officers for Vitol, Gunvor, Litasco and Trafigura declined to comment. Mitsui couldn’t immediately comment. A spokeswoman at Uniper confirmed that the company is using floating oil storage as part of its operations in the region.

It’s unlikely the tankers will be taking part in a so-called contango play -- a strategy that’s commonplace when weak market conditions and cheap crude cargoes prompt traders to store shipments for future sales at higher prices. That’s because futures for Brent, West Texas Intermediate and Dubai oil are now in backwardation, when near-term contracts are costlier than those for later. Brent’s six-month timespread was at $2.95 a barrel in backwardation at 11:39 a.m. in London.

Instead, it’s more likely that VLCCs Good News, New Tinos, DF Commodore, Ridgebury Progress and Cosbright Lake will be used to hold low-sulfur oil blendstocks, according to shipbrokers and traders. They are currently moored or anchored off Singapore and the west coast of Malaysia, according to Bloomberg ship-tracking data.

Change is Ahead
Use of low-sulfur ship fuel to dominate when stricter emissions rules take effect

SOURCE: Braemar ACM

NOTE: High-sulfur fuel oil consumption comprises IMO-compliant and non-compliant use


“Oil traders are hoarding low-sulfur oil components in the hope that prices of compliant fuels will blow out in six to nine months’ time when new IMO rules kick in,” said Nevyn Nah, the head of east of Suez products at industry consultant Energy Aspects Ltd.

Come Jan. 1, the global shipping fleet will need to stop being powered by fuel with 3 percent or higher sulfur content -- the current industry norm -- in favor of cleaner fuel. While they can also install pollution-reducing kits, a long waiting list for the specialized equipment known as scrubbers means tanker operators are set to use a lot more oil that has sulfur content of 0.5 percent or lower.

The new regulations will prove a big challenge for both the shipping and refining industries, and roil returns from turning crude into petroleum, Goldman Sachs said in an April 25 note detailing themes that will dominate commodity markets in coming months. The rules will provide support to distillates such as diesel, which will “abruptly” become the tanker fuel of choice, according to the bank.

To meet demand, some vessels that were previously used by traders for supplying ships or power plants will now probably be used to store low-sulfur blending components. Mitsui, for example, is expected to use Energy Star for 0.5 percent sulfur fuel that’s

IDSS short beware!

LAST WARNING

BI n MAN r holding on behalf of their client

The client is likely an individual cos no institutional funds can buy a technically insolvent co like Dayang

Knn stupid IDSS shd short all d way to 1.00

Stupid IDSS ur range too small sell is not buy is not

Pathetic fallacy

Pathetic fallacy


Even those wit cost around 0.40 oso gonna give up


IDSS short gonna kill all the long

Knn IDSS u all play all la

Knn

Pathetic fallacy

Big impairment coming!

Will selling some FPSO OSV below book value to repay parts of the loans

Pathetic fallacy

Knn abt time to spill d blood of IDSS

Throw back bones wit bits of meat to lure long back

Knn 1.15

IDSS now scare they have killed off all d long

Scare no more long to push up for them to IDSS anymore

Pathetic fallacy

Suing a day after PH lost Rantau

Suing last week is not d same as suing tis week

Timing choosen purposely

Clearly a warning to PH

KWAP a pressure grp now

KWAP 193,000 Members as at Mar 2019 a powerful pressure grp

Up to u assess if PH wil sit up n listen to KWAP now

Govt not even stated how much is its offer to compensate yet Prestariang sue first a bit funny

Lost Rantau stil dare to anger KWAP members so no more for short term players only for ppl who can wait for compensation to b paid in the future

KWAP has 193,000 Members as at Mar 2019

Practically jz putting free money into their pockets

Look at hw PH wooing FELDA members

Tussle for SKIN if thr is

PNB vs KWAP

KWAP has 193,000 Members as at Mar 2019

KWAP has upperhand

Especially if Rantau oso gone

Pathetic fallacy

Looks like Norway fund really is selling

Beat HTPADU SKIN is back

Tis looks more like it

Oh lord I m OrlandoSKIN today!!

HTPADU sail d

Pathetic fallacy

Wrong boat??

HTPADU fly d

Losing SKIN?

SKIN homecoming celeb

1.30 1.36 it has bin a long time d

1.30 1.36

KUALA LUMPUR (April 9): RHB Retail Research said Hibiscus Petroleum Bhd may move higher after it continued holding above the RM1.10 support.

In a trading stocks note today, the research house said given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced.

“A bullish bias may appear above the RM1.18 level, with an exit set below the RM1.10 threshold.

“Towards the upside, the near-term resistance is at RM1.30. This is followed by the RM1.36 level,” it said.

IDSS short u better go long

Libya stands on the verge of a renewed civil war.

Tripoli could be sacked by rebel forces loyal to renegade General Khalifa Hifter.

From an energy perspective, 300,000 to 400,000 million barrels of oil supply are at risk.

PBB DBS TP 1.6x

Batam mali 5.50

No IDSS to weight down all d way to 1.36 previous high

Like to see IDSS killed for good

But it has smartly largely stopped

https://www.bloomberg.com/news/articles/2019-04-02/saudi-aramco-reveals-sharp-output-drop-at-super-giant-oil-field


Tis is d kind of news tat is very good for Hibiscus

Complaint to SC

SC watching

Who dares goring?

Likely game over liao

3.8 vs 5.8 tat is hell of a big difference

Supporting oil bull for yrs to come

Tis is far reaching.....

https://www.bloomberg.com/news/articles/2019-04-02/saudi-aramco-reveals-sharp-output-drop-at-super-giant-oil-field

The Biggest Saudi Oil Field Is Fading Faster Than Anyone Guessed

by Javier Blas, bloomberg.com
April 2, 2019 06:34 AM

What We Learned From Aramco's Big Reveal Ghawar can pump 3.8 million barrels a day, less than expected Bond prospectus give details of the kingdom’s largest fields

It was a state secret and the source of a kingdom’s riches. It was so important that U.S. military planners once debated how to seize it by force. For oil traders, it was a source of endless speculation.

Now the market finally knows: Ghawar in Saudi Arabia, the world’s largest conventional oil field, can produce a lot less than almost anyone believed.

When Saudi Aramco on Monday published its first ever profit figures since its nationalization nearly 40 years ago, it also lifted the veil of secrecy around its mega oil fields. The company’s bond prospectus revealed that Ghawar is able to pump a maximum of 3.8 million barrels a day -- well below the more than 5 million that had become conventional wisdom in the market.

“As Saudi’s largest field, a surprisingly low production capacity figure from Ghawar is the stand-out of the report,” said Virendra Chauhan, head of upstream at consultant Energy Aspects Ltd. in Singapore.

King of Oil

Saudi Arabia relies on a handful of mega-fields to sustain its 12 million b/d capacity

Source: Saudi Aramco bond prospectus

Knn kill IDSS

Ultimate oil bull revelation

Saudi oil depleting fast


Now the market finally knows: Ghawar in Saudi Arabia, the world’s largest conventional oil field, can produce a lot less than almost anyone believed.

When Saudi Aramco on Monday published its first ever profit figures since its nationalization nearly 40 years ago, it also lifted the veil of secrecy around its mega oil fields. The company’s bond prospectus revealed that Ghawar is able to pump a maximum of 3.8 million barrels a day -- well below the more than 5 million that had become conventional wisdom in the market.

SKIN is monopoly?

Myeg? SKIN back to Prestariang more likely

Pathetic fallacy

US 70 killed no IDSS

Next QR is d only big stick left

Nid to wait a bit

Pathetic fallacy

Knn wat la all tis small buying by bui ber ehh is not relevant whn SKIN come back la

Stil no announcement on compensation till now means now it has taken a different direction ie giving back SKIN to Prestariang