Saudi plan to crash may fail if crude bounce so they r quietly pumping more oil to keep price down.Somehow price hv to go up but not 100 so looks like hv to wait for next Opec meeting.Either price down or up both ways US is benefitting but they seem to be happy with low price due to increase in consumer spending.But for Suma need 100 to make profit otherwise!!!!!

A monetary easing move by China late on Wednesday in an attempt to energize its sputtering economy failed to lift the cheerless mood in the region's equity markets.

Crude oil plunged overnight in one of its biggest daily falls ever as record high U.S. oil inventories ended a four-day rally. In a "dead cat bounce" U.S. crude was last up 0.7 percent at $48.79 a barrel after sinking 9 percent on Wednesday. [O/R]

TOKYO: Asian stocks and the euro handed back gains and slipped on Thursday after the European Central Bank took a hard line stance on Greece's debt and dampened optimism towards a resolution to the saga.

TH Heavy Calls Off Rights Issue With Bonus

5 hours ago
KUALA LUMPUR: TH Heavy Engineering Bhd has called off its proposed rights issue with bonus issue.

It said on Wednesday the approval from Bursa Malaysia Securities for more time to submit the draft circular and additional listing application in relation to the proposals to Bursa Securities had lapsed.....from Starbiz in d present situation anything is possible!!!!!!

Crude price very complicated.Saudi is not going to allow crude to go up until next Opec meeting n US is playing dirty game to crash Russia n Iran.The temporary rise is for some fund managers to make some quick buck.Crude price going up after June looks positive.

Sharks r playing with our sentiment why looks red suppose to move up!!!!!

http://www.telegraph.co.uk/finance/newsbysector/energy/11372058/Saudi-Arabia-increases-oil-output-to-crush-US-shale-frackers.html

Oil’s surge to bull market seen as temporary jump amid glut

By Bloomberg / Bloomberg | February 4, 2015 : 1:34 PM MYT

(Feb 4): Oil is back! Or maybe not.

After suffering its longest rout in history, crude is on the rebound, entering a bull market yesterday after soaring 24 percent from a six-year low reached in January. Behind the gains is speculation that curbs in investment will cut production.

For all the optimism among traders, firms from Barclays Plc to Societe Generale SA and UBS Group AG say the rally is just temporary because less spending won’t eliminate a glut overnight. Instead of heading back to $100 a barrel, oil could fall as low as $30 because supply surpluses won’t disappear overnight, said Miswin Mahesh, a commodities analyst at Barclays.

“We don’t think we’ve seen the bottom yet,” Giovanni Staunovo, a commodities analyst at UBS in Zurich, said by e-mail on Tuesday. “We expect U.S. commercial crude oil stocks to hit a new 84-year high on Wednesday, while U.S. oil production is likely to stay strong in the near term.”

Brent crude, the international benchmark, rose $3.16 to $57.91 a barrel in London on Tuesday, advancing for a fourth day, as drilling activity plunged in the U.S. and oil companies deepened spending cuts to more than $40 billion since Nov. 1. Hedge funds and other speculators held the largest number of short contracts in the U.S. benchmark in four years last week.

Oil’s surge to bull market seen as temporary jump amid glut

By Bloomberg / Bloomberg | February 4, 2015 : 1:34 PM MYT

(Feb 4): Oil is back! Or maybe not.

After suffering its longest rout in history, crude is on the rebound, entering a bull market yesterday after soaring 24 percent from a six-year low reached in January. Behind the gains is speculation that curbs in investment will cut production.

For all the optimism among traders, firms from Barclays Plc to Societe Generale SA and UBS Group AG say the rally is just temporary because less spending won’t eliminate a glut overnight. Instead of heading back to $100 a barrel, oil could fall as low as $30 because supply surpluses won’t disappear overnight, said Miswin Mahesh, a commodities analyst at Barclays.

“We don’t think we’ve seen the bottom yet,” Giovanni Staunovo, a commodities analyst at UBS in Zurich, said by e-mail on Tuesday. “We expect U.S. commercial crude oil stocks to hit a new 84-year high on Wednesday, while U.S. oil production is likely to stay strong in the near term.”

Brent crude, the international benchmark, rose $3.16 to $57.91 a barrel in London on Tuesday, advancing for a fourth day, as drilling activity plunged in the U.S. and oil companies deepened spending cuts to more than $40 billion since Nov. 1. Hedge funds and other speculators held the largest number of short contracts in the U.S. benchmark in four years last week.

Oil’s surge to bull market seen as temporary jump amid glut

By Bloomberg / Bloomberg | February 4, 2015 : 1:34 PM MYT

(Feb 4): Oil is back! Or maybe not.

After suffering its longest rout in history, crude is on the rebound, entering a bull market yesterday after soaring 24 percent from a six-year low reached in January. Behind the gains is speculation that curbs in investment will cut production.

For all the optimism among traders, firms from Barclays Plc to Societe Generale SA and UBS Group AG say the rally is just temporary because less spending won’t eliminate a glut overnight. Instead of heading back to $100 a barrel, oil could fall as low as $30 because supply surpluses won’t disappear overnight, said Miswin Mahesh, a commodities analyst at Barclays.

“We don’t think we’ve seen the bottom yet,” Giovanni Staunovo, a commodities analyst at UBS in Zurich, said by e-mail on Tuesday. “We expect U.S. commercial crude oil stocks to hit a new 84-year high on Wednesday, while U.S. oil production is likely to stay strong in the near term.”

Brent crude, the international benchmark, rose $3.16 to $57.91 a barrel in London on Tuesday, advancing for a fourth day, as drilling activity plunged in the U.S. and oil companies deepened spending cuts to more than $40 billion since Nov. 1. Hedge funds and other speculators held the largest number of short contracts in the U.S. benchmark in four years last week.

However, at midday US crude slipped 79 cents to US$52.26 while Brent fell 31 cents to US$57.60 as renewed concerns over global demand and high stock levels halted a rally that pushed up prices by about 19 percent over the past four sessions. ....from Starbiz

Still, he doubted if the ringgit's rebound could sustain, saying: "This crude move in the last few days may simply be position adjustments. Nothing has changed fundamentally."
Oil prices retreated in Asia on Wednesday......from Starbiz

Oil Firm After 2 Day Rally, But China Demand Outlook Caps Gains

Oil Firm After 2 Day Rally, But China Demand Outlook Caps Gains......from Starbiz latest

The inputs r d latest n is contradicting? Some US traders who hv made losses r trying to make some quiick buck n I feel price cannot sustain so just to be cautious "hit n run".

Two OPEC delegates, one from a Gulf producer, said they could not rule out prices dropping to as low as $30 to $35, due to weak demand combined with global refinery maintenance in the first and second quarters of 2015.

Demand in Asia remained weak, with disappointing factory sector activity in China raising questions about energy consumption in the world's second-largest economy.

Oil declines as US strike seen cutting refinery demand
Posted on February 3, 2015, Tuesday

OIL fell amid speculation that the biggest strike at US refineries since 1980 will curtail crude processing in the world’s leading consumer nation and worsen a global supply glut.

Futures dropped as much as 3.3 per cent in New York.

The United Steelworkers union, which represents employees at more than 200 US refineries, terminals, pipelines and chemical plants, stopped work on Sunday at nine sites after failing to agree on a labour contract.

China’s Purchasing Managers’ Index slid to 49.8 last month from 50.1 in December, below a reading of 50 that separates expansion from contraction.

Rising US supply has contributed to a global surplus that drove oil prices almost 50 per cent lower last year.

Fund mgrs hv been pushing price down to accumulate, I see alot of potential.

Among d penny stocks O&G ppl showing less interest so they hv to shift.... n Iris TRS project got to be refcted for its value.130m project currently adminustrative work in progress so may take off in March by that time too late to accumulate....my2c....CNY rally may take place becoz of d major cireection in Oct14.

HS has given a grace period until June for BE purchase to coincide with Opec meeting.BE hv to be approved by Bursa n it may happen once oil price rise.21 days notice hv to be given for shareholders approval.

Van Beurden however warned against an over reaction to the 60 percent drop in oil prices since June, while keeping dividends unchanged to soothe investors.

LONDON: Oil prices should reach a long-term equilibrium of $90 per barrel, Royal Dutch Shell's Chief Executive Ben van Beurden told a conference call on Thursday.

Potential counter but hv to wait for March-May for d 130m jointure venture project to takeoff.So for now Sharks will play on our sentiment....bcareful?

Share prices on Bursa Malaysia succumbed to heavy profit taking at mid-morning today, pushing the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) down 10.6 points to 1,785.29.

At 11pm, the market was seeing "red" across-the-board, amid weaker buying momentum, with sentiment dampened by a weak regional performance and overnight losses on Wall Street, dealers said.

For the top losers, Petronas Gas fell 42 sen to RM21.80, IJM Plantation declined 25 sen to RM3.43 and Seacera-Wa decreased 21 sen to 20 sen.

Among actives, Globaltec rose 1.5 sen to eight sen, while Hubline and Jobstreet were flat at 3.5 sen and 46 sen respectively.

Of the heavyweights, Tenaga Nasional lost 20 sen to RM14.60, Public Bank declined two sen to RM18.12.But Maybank rose two sen to RM8.71.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1865101

If HS confident of buying BE n RI in this low price scenario then I belief 4Q going to be positive but above everything Opec meeting in June is vital.Saudi also feeling d pinch of low price n US trying to kill Russia so ????????

Today shares on profit taking.

Tenaga Main Drag On KLCI As Profit Taking Picks Up

26 mins ago
KUALA LUMPUR: Tenaga Nasional fell the most in early Thursday trade as profit taking picked up pace after the strong recent gains and the FBM KLCI fell more than eight points.

I think HS wants to show better revenue for d coming 4Q.

How much revenue Suma gets by selling assets to Asiabio...any expert..tks.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1864885

http://www.freemalaysiatoday.com/category/nation/2015/01/28/singapore-eases-monetary-policy-in-surprise-move/

Type of transaction Date of change
No of securities
Price Transacted (RM)
Acquired 23/01/2015
412,700

Acquired 23/01/2015
3,350,000

Acquired 23/01/2015
1,779,500

.......EPF acquiring Skpetro shares n 2moro BLR going down.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1864457

It is good news

Possible 2moro if BN announces lower BLR some spike in Index.

http://www.theedgemarkets.com/my/article/klci-lower-us-markets-banking-stocks

http://www.theedgemarkets.com/my/article/aramco-says-saudis-won’t-‘singlehandedly’-balance-oil-market

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1864345

To me price drop masterminded by US to kill Russia eventually price hv to go up but when????Saudi feeling d pain already.US consumers r happy with low price but Saudi is depending on d huge cash reserve but end of d day there is a limit for everthing.

The Universal good news shall be when crude oil price gooes up US is d culprit n Obama visit to Saudi??????

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1863961

RIYADH: Saudi Aramco will renegotiate some contracts and postpone some projects due to falling oil prices, the head of Saudi Arabia's state oil company said on Tuesday, stressing the top crude exporter will not single handedly balance the global oil market......now depends on US for price to go up n not asaudi

Falih said the imbalance in the oil market had nothing to do with Saudi Arabia, and a fair price is what would ultimately balance supply and demand, a sign Riyadh is sticking to its strategy of allowing the market to stabilise itself.

"Saudi Arabia has a policy, the policy is set by the government through the Ministry of Petroleum, and they have said that Saudi Arabia will not single handedly balance the market," he said.

Falih said the imbalance in the oil market had nothing to do with Saudi Arabia, and a fair price is what would ultimately balance supply and demand, a sign Riyadh is sticking to its strategy of allowing the market to stabilise itself.

"Saudi Arabia has a policy, the policy is set by the government through the Ministry of Petroleum, and they have said that Saudi Arabia will not single handedly balance the market," he said.

Falih said the imbalance in the oil market had nothing to do with Saudi Arabia, and a fair price is what would ultimately balance supply and demand, a sign Riyadh is sticking to its strategy of allowing the market to stabilise itself.
"Saudi Arabia has a policy, the policy is set by the government through the Ministry of Petroleum, and they have said that Saudi Arabia will not single handedly balance the market," he said.

WTI Crude Oil
$46.23 ▲1.08 2.34%
2015.01.27 end-of-day

Brent Crude Oil
$49.60 ▲1.44 2.90%
2015.01.27 end-of-day

Crude Oil Price by OIL-PRICE.NET ©
Price Change
2015.01.27 - $ 46.23 1.08 2.34%
1 Year Forecast
$53 / Barrel
..........after Obama visit to Saudi price seems to be up!!!!!

http://www.commodityonline.com/futures-trading/market-report/crude-oil-may-trade-2739-2919-range-gains-at-2842-37730.html

WTI Crude Oil
$46.23 ▲1.08 2.34%
2015.01.27 end-of-day


Brent Crude Oil
$49.60 ▲1.44 2.90%
2015.01.27 end-of-day




Crude Oil Price by OIL-PRICE.NET ©
Price Change
2015.01.27 - $ 46.23 1.08 2.34%
1 Year Forecast
$53 / Barrel
..........after Obama visit to Saudi price seems to be up!!!!!