Gilead gets emergency FDA authorization for remdesivir to treat coronavirus, Trump says

https://www.cnbc.com/2020/05/01/gilead-gets-emergency-fda-authorization-for-remdesivir-to-treat-coronavirus-trump-says.html

U.S. Rig Count Falls By Nearly 50% In Seven Weeks Of Crisis

https://oilprice.com/Energy/Energy-General/US-Rig-Count-Falls-By-Nearly-50-In-Seven-Weeks-Of-Crisis.html

Heheh i buy already this week. waiting for it to shoot. bila2 pun boleh.

US Manufacturing falls sharply in April, but not by as much as expected

https://www.cnbc.com/2020/05/01/ism-manufacturing-index-april-2020.html

Post removed.Why?

Good job. Malaysia opening up the economy again. Everywhere people start opening up the economy. But first thing to do, fill your car tank to start the week because petrol price will increase next week.

now we have ASB/PNB & TH

No wonder EPF keep selling because they want to cease from becoming substantial share holder.

wow UMNO men inside. Ok kena tengok next week.

Can Get some Info here maybe

https://www.youtube.com/watch?v=iLebQI_P54o&t=105s

Sapura Energy says will survive Covid-19 crisis

https://www.thestar.com.my/business/business-news/2020/04/30/sapura-energy-says-will-survive-covid-19-crisis#cxrecs_s

amacam power tak EPF. hehehe

ok dah beli

China's nonmanufacturing PMI hits 3-month high

https://www.marketwatch.com/story/chinas-nonmanufacturing-pmi-hits-3-month-high-2020-04-29?mod=mw_latestnews

Oil Rallies On Signs Of A Global Reopening

https://oilprice.com/Energy/Oil-Prices/Oil-Rallies-On-Signs-Of-A-Global-Reopening.html

Chinese Oil Giant CNOOC Cuts US Shale, Canada Oil Sands Output

https://oilprice.com/Latest-Energy-News/World-News/Chinese-Oil-Giant-CNOOC-Cuts-US-Shale-Canada-Oil-Sands-Output.html

FDA in ‘ongoing’ talks with Gilead to make remdesivir available to coronavirus patients ‘as quickly as possible’

https://www.cnbc.com/2020/04/29/fda-in-talks-with-gilead-to-make-remdesivir-available-to-coronavirus-patients-as-quickly-as-possible.html

Finally we almost there to find Covid 19 vaccine & Many economy start opening up including Malaysia. Its is a good news for oil market because demand will start increase.

Russian Oil Production Set For First Annual Drop Since 2008

https://oilprice.com/Energy/Crude-Oil/Russian-Oil-Production-Set-For-First-Annual-Drop-Since-2008.html

Six US oil firms are expected to shut 300,000 barrels per day of production in May and June

https://www.cnbc.com/2020/04/29/us-oil-firms-expected-to-shut-in-far-more-production-in-may-and-june.html

Gilead reports ‘positive data’ on remdesivir coronavirus drug trial

Brent shoot up like crazy

https://www.cnbc.com/2020/04/29/gilead-reports-positive-data-on-remdes...

Gilead reports ‘positive data’ on remdesivir coronavirus drug trial

Brent shoot up like crazy

https://www.cnbc.com/2020/04/29/gilead-reports-positive-data-on-remdesivir-coronavirus-drug-trial.html

prepare for jump start oil price movement

Oil prices jump as US crude inventories reportedly rise by less than expected

https://www.cnbc.com/2020/04/29/oil-markets-us-crude-inventories-coron...

Oil prices jump as US crude inventories reportedly rise by less than expected

https://www.cnbc.com/2020/04/29/oil-markets-us-crude-inventories-coronavirus-in-focus.html

Amazing to see how EPF buying as selling the share.

Canada’s Oil Firms Set To Curtail Output By At Least 1 Million Bpd

https://oilprice.com/Latest-Energy-News/World-News/Canadas-Oil-Firms-Set-To-Curtail-Output-By-At-Least-1-Million-Bpd.html

kesian nye siapa yg jual. oil shoot up like crazy now.

i bersimpati pada yang jual this few days.

heheheh after market close price shoot up like crazy. hehehe. siapa jual tadi now jadi gila.

Trump Could Use ‘Nuclear Option’ To Make Saudi Arabia Pay For Oil War

https://oilprice.com/Energy/Energy-General/Trump-Could-Use-Nuclear-Opt...

Given the burgeoning ill-feeling towards the Saudis amongst the U.S.’s two legislative houses – from an already high base – sources in the Presidential Administration say that a forceful, but private, reiteration of the threat of the ‘No Oil Producing and Exporting Cartels Act’ (NOPEC) Bill direct to King Salman, circumventing his son Crown Prince Mohammed bin Salman, might do the trick in convincing the Saudis to dramatically increase the contextually paltry output cut last agreed with the Russians. As highlighted by OilPrice.com, the pressure for Trump to finally sign off the NOPEC Bill has been growing from the second that the Saudis began the latest oil price war.

Specifically, the NOPEC Bill would make it illegal to artificially cap oil (and gas) production or to set prices, as OPEC, OPEC+, and Saudi Arabia do. The Bill would also immediately remove the sovereign immunity that presently exists in U.S. courts for OPEC as a group and for each and every one of its individual member states. This would leave Saudi Arabia open to being sued under existing U.S. anti-trust legislation, with its total liability being its estimated US$1 trillion of investments in the U.S. alone. The U.S. would then be legally entitled to freeze all Saudi bank accounts in the U.S., seize its assets in the country, and halt all use of U.S. dollars by the Saudis anywhere in the world (oil, of course, to begin with, is denominated in U.S. dollars). It would also allow the U.S. to go after Saudi Aramco and its assets and funds, as it is still a majority state-owned production and trading vehicle, and would mean that Aramco could be ordered to break itself up into smaller, constituent companies that are not deemed to break competition rules in the oil, gas, and petrochemicals sectors or to influence the oil price.

The Bill came very close indeed to being passed into law when in February of last year, the House Judiciary Committee passed the NOPEC Act, which cleared the way for a vote on the Bill before the full House of Representatives. On the same day, Democrats Patrick Leahy and Amy Klobuchar and – most remarkably – two Republicans, Chuck Grassley and Mike Lee, introduced the NOPEC Bill to the Senate. Its progress was only halted after President Trump stepped in and vetoed it when the Saudis did what he told them to do (at that point, to produce more to keep oil prices under US$70 per barrel of Brent), but the option is still available for a relatively quick turnaround on turning it into law.

Trump Could Use ‘Nuclear Option’ To Make Saudi Arabia Pay For Oil War

https://oilprice.com/Energy/Energy-General/Trump-Could-Use-Nuclear-Option-To-Make-Saudi-Arabia-Pay-For-Oil-War.html

You stop the PKP now. You are dead. Everybody will rush going back to Kampung for celebration of ramadhan and go to ramadhan bazar. By the end of Ramadhan and raya Malaysia C19 number will shoot back to triple digit or even match to Singapore number. huhuhu

How Oil Prices Could Go To $100

https://oilprice.com/Energy/Oil-Prices/How-Oil-Prices-Could-Go-To-100.html

China starting to Opening Up...US starting to Opening up. Good news for oil.

WASHINGTON - President Donald Trump said Wednesday that the United States was starting to "open for business again" and Treasury Secretary Steven Mnuchin predicted that "most of the economy" would be operational by late summer.
Trump early in the day tweeted his enthusiasm for easing restrictions, saying that "States are safely coming back. Our Country is starting to OPEN FOR BUSINESS again. Special care is, and always will be, given to our beloved seniors (except me!) Their lives will be better than ever....WE LOVE YOU ALL."

How Oil Prices Could Go To $100

https://oilprice.com/Energy/Oil-Prices/How-Oil-Prices-Could-Go-To-100.html

Putin Calls For Patience As Oil Prices Crash

https://oilprice.com/Latest-Energy-News/World-News/Putin-Calls-For-Patience-As-Oil-Prices-Crash.html

the price keep going up. mcm menarik.

Trump says he’s ordered Navy to destroy Iranian gunboats ‘if they harass our ships’

https://www.marketwatch.com/story/trump-says-hes-ordered-navy-to-destroy-iranian-gunboats-if-they-harass-our-ships-2020-04-22?mod=bnbh

BRENT GOING UP VERY FAST .....FLY FLY FLY BABE

Trump Determined To Bail Out The Beleaguered Oil Industry

https://oilprice.com/Latest-Energy-News/World-News/Trump-Determined-To-Bail-Out-The-Beleaguered-Oil-Industry.html

Trump can kiss good bye to his presidency election. So many shale company will go bankrupt. Never in a million years i saw this could happen. Now it is happening. The end of US shale dominance.

Habis la Trump. WTI will on its way to 10 - 15 USD. This will totally destroy US Oil Producers. Trump can say goodbye for his presidency election. The end of US Shale oil producer dominance.

Post removed.Why?

https://oilprice.com/Energy/Energy-General/Trump-Wants-OPEC-To-Double-Its-Production-Cut.html

The result: after watching Brent drift lower, Trump finally snapped this morning and in hopes of doing OPEC's job for them, the US president tried his best to jawbone oil higher by saying that "the number that OPEC+ is looking to cut is 20 Million Barrels a day, not the 10 Million that is generally being reported."

Trump has a point... the only problem is that 20 million b/d number also includes several million in US production cuts, which Trump refuses to order! In fact Trump believes that between covering Mexico's 300kb/d shortfall (which will be met with organic production declines not an actual supply stop as of May 1), the US does not need to cut further.

So if Trump really wants to send the price of oil higher - and he does to avoid mass layoffs in the re-election critical state of Texas even if it means much higher gas prices at the pump - it is up to Trump to somehow find 2-3 or more million barrels in US production cuts. Without those, Brent will keep drifting lower because while the US president may not do supply/demand math, everyone else in the energy sector now does.

Hahahah Kan Aku dah cakap. I told you so. Saudi and Russia Now put knife in Trump head. Trump now have no choice.

https://oilprice.com/Energy/Energy-General/Trump-Wants-OPEC-To-Double-Its-Production-Cut.html

Trump says OPEC and allies are looking to cut ‘20 million barrels a day, not the 10 million’ that’s being reported

https://www.marketwatch.com/story/trump-says-opec-and-allies-are-looki...

Trump says OPEC and allies are looking to cut ‘20 million barrels a day, not the 10 million’ that’s being reported

https://www.marketwatch.com/story/trump-says-opec-and-allies-are-looki...

Trump says OPEC and allies are looking to cut ‘20 million barrels a day, not the 10 million’ that’s being reported

https://www.marketwatch.com/story/trump-says-opec-and-allies-are-looking-to-cut-20-million-barrels-a-day-not-the-10-million-thats-being-reported-2020-04-13?mod=home-page

with no price movement, Saudi and Russia cartel now put knife at Trump head, if you dont want to see US Shale company to be destroyed, YOU BETTER DO YOUR PART BY REDUCING PRODUCTION. They playing with the price. They know the only way to force Trump to act is pushing him to the wall to see his economy crumble before his presidency election. Wait for the announcement from Trump who need to safe his legacy and US oil industries. :-).