The ruble tumbled to a record for a second day, prompting speculation Russia’s central bank intervened to slow the rout as weaker oil prices worsen the outlook for an economy verging on recession. Government bonds slid.

Russia’s currency is on course for its worst year since the nation’s 1998 default after getting battered as sanctions over the conflict in Ukraine blocked companies from western debt markets and oil dropped into a bear market. Five interest-rate increases by the central bank failed to alter the ruble’s course, while choking economic growth as inflation accelerates to a three-year high.

Of all the financial barometers highlighting the crisis in Venezuela, this may be the one that unnerves investors the most as oil sinks: The country’s foreign reserves only cover two years of bond payments.

The government and state-run oil company owe $21 billion on overseas bonds by the end of 2016, an amount equal to about 100 percent of reserves. Those figures explain why derivatives traders aren’t only betting that a default is almost certain but that it will most likely happen within a year.

arv18 based on talk2 that i heard hear from our petronas friend...possible for it to go around 50 USD - 60 USD by End of this year.If Economic data bad in the country and other places like china,russia and EU possible it go down below 50 USD.

not sad about the price. The current price im very happy. I even hoping it go down more. Im sad about my bonus.hahahah. Thats all la mysashi69.

Based on current price Petronas will even lower the payment of dividend next year which i think below 45 billion as currently we also try to strategies the best way for petronas to survive. Internally all project being reviewed again, FID in Canada hold, next year budget for the for capex cut by 20%, G & A by 15 % and Travelling by 30%. As a staff i believe highly possible next year we not going to have bonus for the staff. So sad. :-( .

the country have no choice as both oil and plam oil down. what can Malaysia do to save the country. I dont know. I really dont know.Ringit heading to its previous 3.80 per USD. aiyo.

oil will drop heavily today as us market open.

Im waiting at 0.15 on monday.

Saudi will lead to world economic collapse.Asia start feel the burning of oil moving down. Next Europe and finally America.

cepat2 kasi jual suma.

push push push down...plzzzz.

woi jangan kecoh2.kasi itu price go down first. haiiiii.

waiting at 0.15

Sorry 86868. Oil will move to its lowest by today possible go below 60 USD. Our Bursa at risk and our country at risk and even our ringit at risk. Oil & gas counter will see a large scale of sell of tomorrow.

If anyone want to survive in this low oil era...you sould buy airline stock such as AAX and AirAsia. No competitor in Bursa make it more attractive. AAX still cheap and they are expected to make huge profit next year. Next year is the best year for Airline Industries.

tomorrow suma will test 0.20. If go down below that level expecting to touch 0.18. Today another sell off on oil as OPEC cut its demand forecast for 2015.Tomorrow another bloody day for Bursa. Get ready all.

hey bombastic me too aziz840517@gmail.com

Just to update you guys our PETRONAS hold FID for our Canada Project.

Nomanland. Thank You for your update on the chart and really appreciate your sharing here. Good Job and keep it up.

no idea.

what the farkkkkk happening. they going to delisting ker. why keep going down. nak kata PN17 pun tak sebab make profit. weird...

this is DR KIM punya counter. heheheh. gone case already.

director keep selling again ? aiyo in macam bila2 pun ini hubline wont go anywhere. When is the AGM ?

hubline ni kenapa yer? dah nak bankrupt ker aper.

Highest and Cheapest Gasoline Prices by Country

http://www.bloomberg.com/slideshow/2014-12-02/highest-and-cheapest-gasoline-prices-by-country-petrol-ranking-oil-subsidies.html#slide55

hello andychucky28 ready previous post la. i even post this morning. aiyo ..what la u. funny guy.

heheheh see PETDAG & PETGAS Chatching Up again.heheheh

Billionaire Shale Pioneer Sees Drilling Slowdown on Oil Price Drop

Billionaire wildcatter Harold Hamm, a founding father of the U.S. shale boom whose personal fortune has fallen by more than half in the past three months, said U.S. drilling will slow as producers cut back amid falling oil prices.

Declining activity from Texas to North Dakota won’t be as harmful to the industry as some have feared, the chairman and chief executive officer of Continental Resources Inc. said. OPEC’s refusal to curb output last week bodes well for U.S. producers that can outlast countries in the cartel, which depend on higher oil prices.

“Will this industry slow down? Certainly,” Hamm said today in a telephone interview. “Nobody’s going to go out there and drill areas, exploration areas and other areas, at a loss. They’ll pull back and won’t drill it until the price recovers. That’s the way it ought to be.”

Investors have been spooked as oil has declined to a five-year low, after prices above $100 a barrel helped spark a boom in output from U.S. shale formations. The value of Hamm’s wealth, which is largely tied to the fate of Oklahoma City-based Continental, has fallen by more than $12 billion in three months, according to the Bloomberg Billionaires Index.

Hamm, who helped discover the potential of North Dakota’s Bakken formation, predicted a swift recovery in oil prices, which have declined more than 36 percent since June as Saudi Arabia and its allies in the Organization of Petroleum Exporting Countries declined to reduce production last week.

they start push down oil & gas counter. PETRONAS announcement really bring bad impact to the market. The one push down the market now is all PETRONAS related counter including PETGAS,PETDAG & PCHEM.

no power already. all counter sleep.

huraiiiii crude oil rally ...to 72

still doubt it can go up.need to break 0.07.

alamak non-syariah.

eh is true this one fall under non shariah counter???

if market ok tomorrow.this will be one of the performer.hehehhe.

sorry khairua.busy attacking oil & gas company. heheheh. lupa pulak hubline.

I Have increase my holding and average down to 0.241 Huraiiiii.

overall look good. at last profit for this year.

Our bos Tan Sri Dato Shamsul Indicate the price crude oil movement for next year will be around 70 USD - 75 USD. With this range PETRONAS will only able to pay govt around RM 43 Billion in term of dividend a reduction of almost 37% from previous year if the oil price maintain around that price. PETRONAS will also reduce it capex expenditure around 15 % - 20 % to ensure it can survive this bum phi ride next year. This will also effect those having contract with PETRONAS and future contract reward. If the price maintain around 70 USD - 75 USD...marginal oil field still make profit but there gonna be reduction in term of margin of profit from each segment. If the oil price move below 70 USD..possible this marginal oil field will not survive and will make losses.

this is not the bottom yet. oil price will move to below 70USD. the suma will follow to go down. Now America will decide where the direction of crude oil. If they believe they survive with 70USD crude oil then they will not do anything. Price will keep droping un least america cut their production. if not then the surplus will widen and even push down the price more and effect the USD shale oil producer more. This is the time the arab kill shale oil. heheheh.

calvin i already attack mui family which is PMHLDG. When ever MUIIND go up....PMHLDG will follow. The price still cheap. MUIIND price a bit high now for me to attack. So better i attack the PMH then MUIIND even i know MUIIND will shoot further.

anyone push it to 0.25 please. i done eat 0.255.

i am buying more and more.

Hahahah. wait and see.

looking at this counter. The price movement follow MUIIND.

faster2 sell. heheheh.

best giler la. finally get 0.265 and 0.27. please sell sell sell. arghhhh nak makan lagik ni.

lalallalal best nyerrrrr.

please go down to 0.27. almost there. If touch that price then i will start buy more and more. please. please. please.

2 days flush. tomorrow will start move :-).