https://www.ft.com/content/96db47a9-730f-4e3a-8a4d-99ae54b426a4

Wall Street opens higher on coronavirus treatment hopes

sapura good head start today

https://globaledge.msu.edu/countries/malaysia/economy Oil and gas sector is 35% government revenue

SMEs in trouble where else country coffers going to get money for country reserves? Our backup somehow is oil. If oil also can’t be dependent on, habis...

To not go too far, you guys better pray oil price rebounds back up sky high. It’s not just about the petty investment made in the shares, it’s about the survival of our economy and country.

The real winner of low oil price here is China. To just watch the show, fan the flames, and get cheap oil by just watching US, Russia and Middle East quarrel. Wisdom. China economy already resumed. No matter how many cases China daily reporting now, or how many external news reports about China covering up their actual cases. China won’t care. It’s a steam train on full acceleration for glorious China.

Looking at situation, Trump has to save oil industry to secure his presidency. Back at home, our country needs to save oil industry as if not economic crisis will get worse. To the Middle East, going full swing production can burn the US oil industry with further excess production but if US stops taking oil, although price is low, it’s just a figure not able to be monetised, driving themselves into a glut. Now let’s look at near future. Our country is already going to open up from MCO soon with demand for oil expecting to return. Furthermore, I believe chances for US to save the scenario would be to forcibly open back up the economy and shoot the oil demand back up. The rest of the world MCO is going to end soon. Well, this virus may persist but economies will be back up and running with ‘new normalcy’ to strike a balance between controlling the epidemic and supporting the economy. Bottom line, there are two variables here which came into play impacting the oil price. Don’t have to complicate. If reducing production (supply) didn’t help, well then, something needs to be done about consumption (demand). Demand is coming, oversupply is just temporary, with production cuts, a sudden surge of demand (with lifting of MCO) will drive oil prices back up.

When announcement?

today sapura and armada big buying interest

goreng not goreng this is basic supply demand. once world gradually lifts mco, transportation and logistics will demand the need for oil.

airline counters already up. next is oil consumption demand. the chain reaction is coming.

Monday spike up?

up up up

uptrend. woohoo

very stubborn

Ramadhan is here. Egg consumption and demand high. Buy Buy Buy!