Why data updated one HY 4.27 PE 1.52 now. Why last PE 2.0 can get 5.96. Now PE 2 only dapat 2/1.52 x 4.27 = rm5.62 leh. Why like that one. Haiyoh. Correct?
Haiyah HY pun ada fire b4 leh. No big deal lah. Haiyoh. Correct?
KUALA LUMPUR (Reuters) - Hengyuan Refining Company Bhd said on Friday that a tank storing crude oil had caught fire at its refinery on the Malaysian west coast. Preliminary investigations show the fire at the Port Dickson refinery was due to a lightning strike, the company said in a statement.22 May 2020
i3lurker
Never count your chickens before they are hatched, mum says so.
Commentary: How will loopholes in anti-hopping law affect Malaysian politics? Malaysia’s new anti-hopping law took effect on Oct 5, five days before it was announced that the country’s parliament would be dissolved. The law seeks to respect the mandate of voters, but it is not without faults, says a researcher.
well if mother goes up the sex firm uses gains from disposal to pay Mr Nobody. thats where Hedging comes in
Tip [Sometimes the sex firm borrows those Mother shares from main shareholders and pays agreed annual interest. This is still considered hedged by risk management. The cost of borrowing is added to European Warrants admin fees. Sex Firm business is wonderful ! rite? ]
few words says all lah. => Nr Nobody pays for everything !!!!
admin fees are generally big
European Warrants are always reverse FD where Mr Nobody pays "everything" to Fat Cat Investor
After months of discussions, the EU has unveiled its plans for enforcing a price cap on Russian oil exports in response to Moscow’s invasion of Ukraine. U.S. Treasury Secretary Janet Yellen subsequently set the potential price cap at $60 per barrel.
Having already closed its ports to Russian ships, the EU outlined in detail how it plans to enforce the price cap in its eighth sanctions package, published on October 6. Any vessel transporting Russian crude oil—and, in three months’ time, Russian oil products—being sold above the price cap would be prohibited from obtaining any shipping industry services from European providers, such as insurance, financing, servicing, and bunkering.
There are two reasons why OPEC+ would not try to stabilize the market on this occasion. First, its ability to do so is quite limited, due to global underinvestment in the oil industry since the price slump of 2014, especially during the pandemic, when fewer new wells were drilled. As global demand returned to pre-COVID levels, therefore, OPEC+ countries met it with an aged and less productive well stock.
Second, there is a fear within OPEC+ that if successful, the sanctions mechanism could subsequently be applied to other causes, both political and cartel-busting, and that OPEC countries could become the next target. They would therefore prefer to see the mechanism fail.
Russia itself has made it clear it has no intention of submitting to the price cap. At the annual Russian Energy Week on October 12-13, Russian President Vladimir Putin, Deputy Prime Minister (and former energy minister) Alexander Novak, Energy Minister Nikolai Shulginov, and the captains of the Russian energy industry all insisted Russia would not sell its oil at below-market prices as a matter of principle. If necessary, the companies are prepared to reduce production by up to 70 percent of current levels, and are actively developing alternative supply chains that would bypass the EU.
In the global oil industry, shipping and loading schedules are generally compiled two months before the month of the loading. December cargoes are sold in October, and their schedules drafted at the same time. The price cap battle will therefore start to unfold in the coming weeks, and it’s extremely unlikely that Putin will yield to pressure without putting up a fight.
As a result, the oil and shipping market will almost certainly end up in turmoil. Russia will need its own dedicated fleet: most likely consisting of end-of-life tankers, since that would carry far less risk for the shipowner. About fifty tankers are forecast to be scrapped in 2023-2025, which could form a pariah fleet of Russian oil strikebreakers.
Russia will need about 200 tankers to keep going at the previous rate, since its ports of Primorsk and Novorossiisk currently send out one tanker each per day, and if the destination is Asia, the round-trip time is one hundred days. At the end of 2021, Russia’s biggest shipping company, state-controlled Sovcomflot, had fifty-one tankers flagged in various jurisdictions. New Suezmax tankers cost $80 million, while their scrap value is $10–$15 million, so 150 tankers will cost at least $1.5–$2.5 billion: a hefty price, but one that Russia can probably afford.
Whatever tactics are used, the accumulation of a fleet will take some time. In the meantime, Russian production may be reduced and limited by the available shipping capacity, which will likely lead to a period of volatility on the oil market.
Analysts have said that Beijing would be less inclined to increase its energy reliance on Moscow, with an EU embargo on Russian oil set to come into effect on December 5.
“While Russian crude trades at a discount to market prices, exports to China and India have not increased further,” said UBS strategists in a report earlier this week.
“We believe China may be aiming to avoid making Europe’s mistake of becoming too dependent on one country, preferring to keep the maximum share of one exporter at 20 per cent.”
Issue is not whether too dependent on one country for one resource, it is free market of buy and sell. Like US it is populist doctrine and European is just a blind followers with end results of its citizens going for demonstrations and strikes, etc. and some heads might have to step down. As for India, is just an opportunists. The ultimate issue behind is between Russia and Nato Only.
Good News. More EU countries now going into the street to protest demanding higher pay. Mati lah. Some started to demand their country to exit EU n Nato lah. EU mau pecah belah liao lah. Some leader openly cakap Russia is their true friend lah. Haiyoh. Correct?
Will EU break up due to energy n food crisis. East n West EU countries ada different leh. Even now west EU pun cannot tahan high inflation leh. Even Macron also not happy with US n Denmark selling LNG at 4times high price to EU than to their own country leh. Haiyoh. Correct?
After kacau Afghanistan for 20yrs now want to kacau Iran to overthrow the gorment. Ini Koboi really hantu lah. Look at Afghanistan after 1 year koboi left the country. Hancuh macam Iraq also kah. Noe want Iran happen like that kah. Haiyoh. Correct?
WASHINGTON (AP) — Chanting crowds marched in the streets of Berlin, Washington DC and Los Angeles on Saturday in a show of international support for demonstrators facing a violent government crackdown in Iran, sparked by the death of 22-year-old Mahsa Amini in the custody of that country's morality police.
On the U.S. National Mall, thousands of women and men of all ages — donning green, white and red, the colors of the Iran flag — chanted. “Be scared. Be scared. We are one in this,” some shouted, ahead of the group's march to the White House. “Say her name! Mahsa!”
The demonstrations, put together by grassroots organizers from around the United States, drew Iranians from across the Washington D.C. area, with some travelling down from Toronto to join the crowd.
China open their arm and want to help Afghanistan and Pakistan also happy helping Afghanistan to join the PCEC lah. Mati lah. US lost the trust from Middle East sampai Asia kah. African nations pun many see US as Hippocrate country not ally kah. South Ameriaca also same lah. US downfall is kambing lah. Haiyoh. Hidup Asia. New economy powerhouse replace the angmoh in 21 century lah. Haiyoh. Correct?
However, once those wear off, Europe will have to stop importing 1m to 1.5m b/d of Russian crude when embargo on seaborne shipments takes effect in December; those barrels - as Zoltan Pozsar explained all the way back in March and April - will have to be shipped to more distant markets with transport times of 30-50 days vs only 3-4 days to Europe, causing surging costs and substantial delays.
All options have trade-offs. Product export bans, in particular, could send wholesale global distillate/gasoline prices up $150/$50/bbl respectively (to $300/150/bbl) and still risk shortages and higher prices domestically - especially in coastal regions. All responses leave the ultimate cause of energy underinvestment unaddressed.
We continue to expect headlines into next month’s midterm elections as the US administration attempts to exert downward pressure on retail prices. However, we think action at current price levels remains unlikely. This policy reflexivity is reflected in our current forecasts ($115/bbl Brent in 1Q23 ), as the deficits we expect, following OPEC+’s decision to cut, look unsustainably bullish given scarce inventories and our balance outlook. The risk of inventory depletion and price spikes requiring demand destruction as a rebalancing of last resort could yet move prices $30+/bbl higher.
There is more in the full Goldman reports, including an analysis of why a product export ban will exacerbate the global shortage of refining capacity, why a gasoline federal tax holiday would be modest in impact, why easing sanctions on Venezuela is not a quick fix, and why the “NOPEC” bill has only very limited upside.
You both sound like sourgrapes leh. Takda student one kah. Willing paying willing to be millionaire leh. Some at here said they are happy become millionaire after paid the subscription fee leh. Not like this meh. Even Uncle Koon also benefitted earned multi millions leh. Haiyoh. Correct?
BobAxelrod
Agreed...and should also report these scumbags to SC, especially those selling tickets to Holland and collecting subscriptions.......
Posted by i3lurker > 48 seconds ago | Report Abuse
Billions are lost to Macau Scammers every year. These i3 ShitFu and all their followers are just Macau Scammers and victims. Which is which only they themselves in their own hearts will know.
its very very weird that some peple still call them sifu rather than ShitFu
After read already oil price turun leh. Brent from 93 to 90.x only. Itu news macam pun no effect leh. Own opinion doesnt mean oil price will up also mah. Same as many at here said explosive Next QR pun same also HY still at current price range leh Haiyoh. Correct?
BobAxelrod
Very good article from Edge, suspect copied and edited from Bloomberg....must read!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
UlarSawa
35,552 posts
Posted by UlarSawa > 2022-10-22 13:46 |
Post removed.Why?