Posted by brightsmart > 2022-10-24 16:00 | Report Abuse

oil price nearer to year low than year high la.

Posted by brightsmart > 2022-10-24 16:01 | Report Abuse

all the oil bulls all wrong.

Posted by brightsmart > 2022-10-24 16:02 | Report Abuse

opec cut production because they see the need to cut production .............................. u cannot say opec was wrong

Posted by i3lurker > 2022-10-24 16:30 | Report Abuse

huge user of oil is always construction

construction die => oil die

experts say more property companies in China will default.
the latest round of several China small property defaults dropped Hang Seng like a hot potato these few days.

it aint over yet...

Posted by brightsmart > 2022-10-24 16:39 | Report Abuse

lurk............. CPC count their success on common prosperity not on profits by big developers.

Posted by brightsmart > 2022-10-24 16:40 |

Post removed.Why?

Posted by brightsmart > 2022-10-24 16:42 |

Post removed.Why?

Posted by i3lurker > 2022-10-24 16:45 |

Post removed.Why?

Posted by UlarSawa > 2022-10-24 17:27 | Report Abuse

Latest steel companies going banklap soon lah. Haiyoh. Correct?

i3lurker

huge user of oil is always construction

construction die => oil die

experts say more property companies in China will default.
the latest round of several China small property defaults dropped Hang Seng like a hot potato these few days.

it aint over yet...

55 minutes ago

Posted by i3lurker > 2022-10-24 17:44 |

Post removed.Why?

Posted by UlarSawa > 2022-10-24 21:29 | Report Abuse

Latest news Iran going to supply 40 gas turbines to Russia leh. After denied supplied suicide drones to Russia leh. Haiyoh. Correct?

Posted by brightsmart > 2022-10-24 23:56 | Report Abuse

wah, anyone think Iran technology higher level than Russia technology? or just someone trying to kill 2 birds with one stone?

Posted by brightsmart > 2022-10-24 23:58 | Report Abuse

hang seng collapse.........................hang seng collapse is not surprising.....stock market has always been a very emotional place.

Posted by i3lurker > 2022-10-25 01:03 | Report Abuse

some intelligence officers speculate ...

drones + turbines <=> nuclear parts

nuclear parts are very expensive.

Russian turbine tech is way more advanced than Iran. Its just a payment package...

Posted by i3lurker > 2022-10-25 01:10 | Report Abuse

Turbine Rankings
US
Russia
China
..
..
.. Iran (unrated)

example
China Turbine parts in made in China aircraft engines only last 50% of US flight hours.
Those ceramics in China turbine parts cannot last that long compared to US Gen 6 planes

Not really a problem, just swap out entire aircraft engine at 50% intervals compared with US engines

Posted by UlarSawa > 2022-10-25 07:56 | Report Abuse

Ular talking about OnG gas turbine lah. Haiyoh. Correct?


i3lurker

some intelligence officers speculate ...

drones + turbines <=> nuclear parts

nuclear parts are very expensive.

Russian turbine tech is way more advanced than Iran. Its just a payment package...

6 hours ago

Posted by i3lurker > 2022-10-25 08:14 | Report Abuse

SAMA SAMA

Posted by UlarSawa > 2022-10-25 08:18 | Report Abuse

Iran has signed a contract with Russia to export 40 homegrown gas turbines to the country.

Iran is now capable of meeting 85 per cent of its domestic needs for gas equipment and facilities, and its gas production has doubled despite the severe US sanctions, Shana news agency quoted Reza Noshadi, head of Iran Gas Engineering and Development Company, as saying.

Iran and Russia have in recent years expanded their cooperation in different areas.

In July, the two countries signed a memorandum of understanding, according to which Russia is expected to invest about $40 billion in Iran's petroleum industry, Xinhua news agency reported, citing the Shana's report.

In late July, Governor of the Central Bank of Iran Ali Salehabadi announced that the Tehran Stock Exchange had launched the rial-ruble trading, official news agency IRNA reported.

About a month later, he said Tehran and Moscow will expand the use of national currencies in transactions to other areas of bilateral trade, semi-official Fars News Agency reported.

In late August, Russian Foreign Minister Sergei Lavrov said Russia and Iran are finalising a comprehensive document on their cooperation.

"We are satisfied with the way our bilateral relations are developing. They are reaching a new qualitative level, which will be fixed in a large agreement between the two countries," Lavrov said at a joint briefing following his meeting with his Iranian counterpart Hossein Amir-Abdollahian in Moscow.

Posted by UlarSawa > 2022-10-25 08:23 | Report Abuse

Americans See Another 10-Cent Drop In Gasoline Prices
By Julianne Geiger - Oct 24, 2022, 5:30 PM CDT

Posted by UlarSawa > 2022-10-25 08:24 | Report Abuse

Prices at the gas pump have declined 10 cents in a week, according to AAA, which says recession fears and further releases of America’s strategic petroleum reserve (SPR) have contributed to the further declines.

On Monday, average national gasoline prices per gallon were $3,793, nearly 10 cents lower than this time last week.

The prices are less than one cent higher than they were a month ago, when the average was $3.700 per gallon, but still off the year-ago average of $3.385.

“Global recession fears coupled with the Biden Administration’s plan to continue tapping the Strategic Petroleum Reserve into December has helped temper oil prices,” said Andrew Gross, AAA spokesperson. “This will help take the pressure off pump prices, benefitting drivers and their wallets.”

Posted by BobAxelrod > 2022-10-25 08:33 |

Post removed.Why?

Posted by BobAxelrod > 2022-10-25 08:33 | Report Abuse

You may look at their local oil prices again after their Mid-Term, which is just 14 days away..........

Posted by BobAxelrod > 2022-10-25 08:36 |

Post removed.Why?

Posted by UlarSawa > 2022-10-25 08:59 | Report Abuse

Who say Indian Origin cannot be UK PM one. Now proven can lah. Haiyoh. Correct?

Posted by LossAversion > 2022-10-25 09:00 | Report Abuse

@ularsawa, probably not for long. Labour is waiting to "slam"

Posted by UlarSawa > 2022-10-25 09:03 | Report Abuse

Hard to say lah. His father in law is billionaire Indian leh. Got money can do alot of thing leh. Haiyoh. Correct?


LossAversion

@ularsawa, probably not for long. Labour is waiting to "slam"

1 minute ago

Posted by UlarSawa > 2022-10-25 09:04 | Report Abuse

UK PM with India 1.3bil ppl support leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-10-25 09:05 | Report Abuse

Dunno when Australia will be next non angmoh to be their PM leh. Boleh?

Posted by UlarSawa > 2022-10-25 09:06 | Report Abuse

Klci 145x already. 1500 in the making kah. Boleh?

Posted by BobAxelrod > 2022-10-25 11:01 |

Post removed.Why?

Posted by BobAxelrod > 2022-10-25 11:04 |

Post removed.Why?

Posted by UlarSawa > 2022-10-25 11:05 | Report Abuse

Mana possible lah. Deputy PM pun takda lagi leh. Mau PM post kah. Haiyoh. Correct?

qqq1212

if an Indian can rule UK why can't a Chinese rule Malaysia?

6 minutes ago

Posted by UlarSawa > 2022-10-25 11:09 | Report Abuse

BN cakap mau appoint 3 DPM if menang besar in PRU 15. PH also cakap 3 DPM if menang PRU 15. One eash from Sabah & Sarawak and one from Peninsula. Can Chinese be a DPM. Belum tentu lagi leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-10-25 11:10 | Report Abuse

Can Spore with Indian PM. Boleh?

Posted by UlarSawa > 2022-10-25 11:10 | Report Abuse

How about Chinese President for US. Boleh?

Posted by UlarSawa > 2022-10-25 11:10 | Report Abuse

Indian PM for Middle East Countries. Boleh?

Posted by UlarSawa > 2022-10-25 11:16 | Report Abuse

Oil prices extended recent losses on Tuesday as markets remained cautious amid signs of weakening Chinese demand, while a slew of dismal economic indicators also brewed concerns over global crude appetite.

Crude prices marked a weak start to the week after data showed China’s crude imports sank 2% in September, amid continued headwinds from COVID-linked restrictions. The country, which is the world’s largest crude importer, increased its oil imports as local fuel demand weakened.

Data also showed that the Chinese economy grew more than expected in the third quarter. But Beijing’s recent commitment to maintaining its zero-COVID policy darkened the outlook for the world’s second-largest economy.

Weaker-than-expected business activity indicators from Japan, the Eurozone and the U.S. also pointed to slowing economic activity in the world’s largest economies, possibly indicating more headwinds for global crude appetite.

Posted by UlarSawa > 2022-10-25 11:24 | Report Abuse

Maybe HY also offline leh. Haiyoh. Boleh?

qqq1212

this hengyuan, refineries in Europe and America off line also cannot push up share. waiting to die or what?

58 seconds ago

Posted by UlarSawa > 2022-10-25 11:26 | Report Abuse

Demand not there. Shutdown for Maintenance. Possible or not. Haiyoh. Boleh?

Posted by BobAxelrod > 2022-10-25 11:26 |

Post removed.Why?

Posted by UlarSawa > 2022-10-25 11:32 | Report Abuse

C25 expire 31/10/2022 @4.30 leh. 27/10/2022 last date trading. Haiyoh. Correct?

Posted by UlarSawa > 2022-10-25 11:57 | Report Abuse

Tesla started price war in China by reduce the EV by 9%. not looking good for China EV. Haiyoh. Correct?

Posted by qqq1212 > 1 minute ago | Report Abuse

byd geely xinte which one to buy? buy xinte better

Posted by UlarSawa > 2022-10-25 11:59 | Report Abuse

Foxconn also going big into EV segment. look like EV also flooded with new entries like glove kah. Over supply very soon ini macam leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-10-25 12:01 | Report Abuse

Foxconn aims to supply nearly half of world’s EVs
Taiwanese contract electronics group says it hopes one day to build ‘Tesla cars for Tesla’





Foxconn aims to manufacture nearly half of all electric vehicles sold globally in the long term, the iPhone maker said on Tuesday, as it introduced two new prototype EVs for sale by branded automakers.

The world’s largest contract electronics manufacturer has cornered 40-45 per cent of the world’s information and communications technology market, especially in personal computers and mobile phones, Foxconn chief executive Liu Young-way told reporters.

“Hopefully we can achieve the same […] as in the ICT industry,” Liu said of the EV market.

The remarks highlight the scale of Foxconn’s ambitions as it pushes into a new growth industry.

Posted by UlarSawa > 2022-10-25 12:02 | Report Abuse

The Taiwanese group, which racked up $215bn in revenues last year assembling and making components for smartphones, PCs and other electronic products ranging from game consoles to industrial robots, started developing an EV business in 2019.

A year later, it formed an industry alliance called MIH with suppliers to develop joint software and hardware platforms for use in the design and manufacture of cars for branded customers.

The company has also embarked on partnerships with carmakers and EV start-ups in its quest for customers.

These include a joint-venture with Taiwanese carmaker Yulon, for which Foxconn recently started mass-producing an EV.

It is also increasing production of an electric pick-up truck for EV start-up Lordstown Motors in Ohio and has a growing partnership with European-American auto group Stellantis, under which the two jointly develop smart cockpit solutions for EVs. They are also planning to develop auto chips together.

Foxconn has said it hopes to gain a 5 per cent share of the global EV market by 2025, which will be worth about NT$1,000bn (US$31bn) in revenues.

“Currently it looks very likely that we can meet that target,” Liu said. “Our line-up of five EVs in the past 24 months is to show our customers and future customers that we can design and build EVs that are good looking and can stand up to safety.”

He added that the models introduced last year — a sedan, an SUV and a bus — were going into production in Taiwan, Thailand and the US. Foxconn introduced a crossover model and a pick-up on Tuesday that it said was fully designed and made in Taiwan.

Despite its wide-ranging ambitions, Foxconn reiterated it would stick to contract design and manufacturing services and not compete with automakers or EV brands.

“Foxconn is not in the business of selling its own EV brand,” Liu said. “I hope one day we can do Tesla cars for Tesla,” he added.

If Foxconn succeeds, the EV push could transform the company. While its traditional ICT manufacturing was heavily concentrated in China and was only gradually diversifying to south-east Asia and India, Liu said new staff in the EV business were exclusively outside China.

Posted by i3lurker > 2022-10-25 12:18 | Report Abuse

EV companies are already at over-capacity.
Due to recession in more than 50% of global countries, the demand is for ICE.

banklaping is banklaping and its very normal
EV shareholders better bring parang and live chicken to cemetery at midnite on a full moon for head choppings.

Posted by i3lurker > 2022-10-25 12:35 | Report Abuse

at the rate Tesla is dropping, the share price will be negative soon.

Meaning they will pay you to buy the Tesla shares.
meaning If you agree to put your name as a Tesla shareholder, company will give you a free Model 3.

Posted by Sharewire > 2022-10-25 13:50 | Report Abuse

At the rate geely dropping and you can buy cheaper at 2.30hkd.Another 70% drop.
Khazanah will lounch take over proton by buying mother geely cheaply at 10billion marketcap

Posted by UlarSawa > 2022-10-25 14:03 | Report Abuse

Khazanah buy proton also useless. They mana tau make car leh. Within few years proton pun mau banklap lah. Haiyoh. Correct?

Sharewire

At the rate geely dropping and you can buy cheaper at 2.30hkd.Another 70% drop.
Khazanah will lounch take over proton by buying mother geely cheaply at 10billion marketcap

11 minutes ago

Posted by BobAxelrod > 2022-10-25 14:13 |

Post removed.Why?