Posted by JokerT > 2020-04-03 12:31 | Report Abuse

collect more. later rocket up

Posted by tkl88 > 2020-04-03 13:01 | Report Abuse

Saudi Arabia calls for emergency oil meeting: state media
THU APR 2, 2020 / 10:55 AM EDT
Reuters
https://www.google.com.my/amp/s/mobile.reuters.com/article/amp/idUSKBN21K2AD

(Reuters) - Saudi Arabia called on Thursday for an emergency meeting of OPEC and non-OPEC oil producers as it aims to reach a fair oil agreement to stabilize the oil market, state news agency SPA reported.

Posted by Banditos > 2020-04-03 14:29 | Report Abuse

more cerita dongeng. more coffee

Posted by JokerT > 2020-04-03 14:40 | Report Abuse

rebound soon

Posted by F1Trade > 2020-04-03 14:51 | Report Abuse

0.1 above

Posted by JokerT > 2020-04-03 14:56 | Report Abuse

good news

Posted by tkl88 > 2020-04-03 15:08 | Report Abuse

Yes, Brent oil turn positive liao !
Now Brent at=> 30.00 (+0.06) (+0.20% ) !

Posted by Realistic Investor > 2020-04-03 15:09 | Report Abuse

rebound for sure. Don't regret later ;)

Posted by super_newbie > 2020-04-03 15:11 | Report Abuse

Brent ready to make a fuss

Posted by ViWizard > 2020-04-03 15:30 | Report Abuse

power alam

Posted by Stone001 > 2020-04-03 15:34 | Report Abuse

Still can buy now ?

Posted by F1Trade > 2020-04-03 15:38 | Report Abuse

buy..dont miss the boat

Posted by JokerT > 2020-04-03 15:52 | Report Abuse

today close 0.09c

Posted by JokerT > 2020-04-03 15:53 | Report Abuse

everyone panic collect now

Posted by solid > 2020-04-03 16:02 | Report Abuse

Brent oil 31.7

Posted by F1Trade > 2020-04-03 16:03 | Report Abuse

buy buy buy

Posted by pamie > 2020-04-03 16:04 | Report Abuse

Early morning up until 9cent.

After that drop like nothing happened, which does not jive with spike Brent price & DJI spike. Weird.

Posted by Leoleo > 2020-04-03 16:05 | Report Abuse

kaya kaya kikikiki

Posted by tkl88 > 2020-04-03 16:06 | Report Abuse

Wow, Oil price spike up crazily again !
As at 4.05pm,
Nymex => $25.46 (+0.14) (+0.55%)
Brent => $31.35 (+1.41) (+4.71%)

Posted by JokerT > 2020-04-03 16:17 | Report Abuse

run... dropping soon

Posted by Realistic Investor > 2020-04-03 16:24 | Report Abuse

why run? you should top-up. Oil price keep increasing :D

Posted by maggiemee > 2020-04-03 16:30 | Report Abuse

run for life. cant believe bursa trick

Posted by 1532 > 2020-04-03 17:21 | Report Abuse

Why run ? Rebound soon ! Hold few day no problem la

Posted by maggiemee > 2020-04-03 17:38 | Report Abuse

back to previous price already you call this rebound?

Posted by Realistic Investor > 2020-04-03 18:32 | Report Abuse

almost 10% oil price (brent) rebound, what do you think the result on monday gonna be? fly?

Posted by tuapuikia > 2020-04-03 18:46 | Report Abuse

It is going to be up starting next week

Posted by oilwaterman > 2020-04-03 18:49 | Report Abuse

may the worst is over....wish for a V shape recovery!

Posted by tkl88 > 2020-04-03 18:50 | Report Abuse

Wow, Amazing, Oil price continue to spike up !
As at ‪6.37pm,‬
Nymex => $26.52 ‪(+1.20) (+4.74%)‬
Brent => $32.77 ‪(+2.83) (+9.45%)‬

Posted by F1Trade > 2020-04-03 20:43 | Report Abuse

gap up next week

Posted by F1Trade > 2020-04-03 20:43 | Report Abuse

TP 0.2

Posted by tkl88 > 2020-04-03 23:18 | Report Abuse

Walaoeh, Unbelievable !
Oil price spike up like mad !
As at 11.10pm,
Nymex => $27.19 ‪ (+1.87) (+7.39%‬)
Brent => $33.71 (‪+3.77) (+12.59%‬)

Posted by tkl88 > 2020-04-03 23:51 | Report Abuse

Oil surges 13% on reports that OPEC and allies are working on a deal to cut production amid the coronavirus pandemic
Carmen Reinicke
Apr. 3, 2020, 10:27 AM

https://www.google.com.my/amp/s/markets.businessinsider.com/amp/news/oil-price-surges-report-opec-meeting-production-cuts-coronavirus-pandemic-2020-4-1029063327

* Oil prices surged Friday, continuing gains from the best day on record Thursday. 
* US West Texas Intermediate crude surged as much as 13% to $28.56 per barrel Friday, while Brent crude jumped 17% to $34.91 per barrel at its intraday highs.
* A Reuters report that OPEC and its allies will meet Monday to discuss a production cut amid the coronavirus pandemic fueled the gains. 
* Watch oil trade live on Markets Insider.
* Read more on Business Insider.

Oil climbed on Friday, extending gains from the best day on record Thursday, after OPEC and its allies said they will meet Monday to discuss a production cut amid the coronavirus pandemic, according to a Reuters.
US West Texas Intermediate crude surged as much as 13% to $28.56 per barrel after gaining 25% Thursday. International benchmark Brent crude jumped 17% to $34.91 per barrel at its Friday intraday highs, continuing the previous day's 21% gain. 
The cut could be around 10% of global supply, Reuters reported Monday, citing an OPEC source. The meeting to discuss a potential deal to curb production came after President Donald Trump told CNBC Thursday he expected Saudi Arabia and Russia to announce a deal to drastically cut oil production.

Posted by tkl88 > 2020-04-04 06:37 | Report Abuse

Superb, Oil Price closed at new record high !‬
Nymex => $28.97 ‪(+3.65) (+14.42%)‬
Brent => $34.83 ‪(+4.89) (+16.33%)‬

‪Next week definitely will break the USD $40 per barrel !‬
Huat ah ! Heng ah ! Ong ah !

Posted by AAAwell > 2020-04-04 10:23 | Report Abuse

The OPEC Meeting Could Send Oil Prices Crashing Below $10

Posted by Leoleo > 2020-04-04 11:33 | Report Abuse

monday mau pecah bumbung lagi

Posted by RedEagle > 2020-04-04 11:51 | Report Abuse

WASHINGTON – Presiden Amerika Syarikat (AS), Donald Trump percaya Rusia dan Arab Saudi akan berbincang semula dan mengakhiri perang harga minyak tidak lama lagi dengan menurunkan pengeluaran sekali gus menstabilkan semula harga minyak.

“Saya akan bertemu dengan pengeluar-pengeluar minyak pada hari Jumaat. Saya juga akan bertemu dengan pengeluar-pengeluar minyak bebas sama ada pada hari Jumaat atau Sabtu. Mungkin hari Ahad, kami ada banyak mesyuarat mengenainya,” katanya.

Tambah beliau, industri minyak di seluruh dunia telah musnah dan ia tidak baik untuk Rusia dan Arab Saudi.

”Maksud saya, tidak baik untuk kedua-duanya. Saya rasa mereka akan membuat perjanjian,” ujar beliau.

Harga minyak dunia telah jatuh kira-kira dua per tiga tahun ini kerana koronavirus yang telah menjejaskan ekonomi global.

Keadaan ini diburukkan lagi dengan limpahan minyak oleh pengeluar utama dunia, Arab Saudi dan Rusia.

Kejatuhan harga minyak memberi ancaman kepada industri penggerudian AS sekali gus mengakibatkan pemberhentian kerja besar-besaran dan muflis.

Trump dijangka membincangkan pelbagai pilihan untuk membantu industri, termasuk kemungkinan tarif import minyak dari Arab Saudi, menurut Wall Street Journal.

Presiden AS itu pada minggu ini menyifatkan perang harga minyak antara Rusia dan Arab Saudi sebagai ‘gila’.

Dua pemimpin tenaga dari dua negara itu kemudian saling berhubung dan bersetuju untuk meneruskan perbuncangan dengan pengeluar-pengeluar utama minyak global.

Malah, pentadbiran Trump juga merancang untuk menghantar wakil khas ke Riyadh untuk membincangkan mengenai penurunan pengeluaran.

Arab Saudi telah meningkatkan bekalan minyak mentah pada hari Rabu kepada lebih 12 juta tong sehari, menurut sumber industri, biarpun permintaan menurun. –

Posted by Investsucess Trader > 2020-04-04 12:25 | Report Abuse

Bumbung jangan pecah, nanti basah semua badan dan wallet... USA expected the covid-19 to kill 100,000 to 200,000 peoples.

Posted by Mabel > 2020-04-04 14:00 | Report Abuse

Meow Meow Meow...

My Fancy Alam is sitting on P2 in my Armada Fleets of Battleships.

Well done Alam and to all Alam Jedi...

Meow..

Posted by chongkahagent > 2020-04-04 14:08 | Report Abuse

Minyak jangan naik...

Kasi usa mampus dulu

Lepas baru bincang

Posted by chongkahagent > 2020-04-04 14:10 | Report Abuse

Well done opec+

Whiting already bankrupt

Step up d good job

Hope to see longest us oil company bankrupt list possible asap.

Then only oil rebound la

Posted by tuapuikia > 2020-04-04 19:53 | Report Abuse

well done!! let's fly high on monday!!!

Posted by RedEagle > 2020-04-04 20:01 | Report Abuse

MOSCOW: Russia bersedia bekerjasama dengan Arab Saudi dan Amerika Syarikat (AS) untuk mengurangkan pengeluaran minyak, kata Presiden Vladimir Putin, semalam.

Beliau berkata, Russia sanggup membuat perjanjian dalam rangka kerja kumpulan OPEC+ dan bersedia bekerjasama dengan AS dalam isu itu, menurut satu kenyataan dikeluarkan oleh Kremlin.

“Saya percaya penggabungan usaha adalah perlu bagi menyeimbangkan pasaran dan mengurangkan pengeluaran,” menurut kenyataan itu.


Harga minyak jatuh dalam beberapa minggu kebelakangan ini susulan kemerosotan permintaan dan ketidaktentuan ekonomi global akibat pandemik COVID-19.

Bulan lalu, OPEC dan sekutunya gagal mencapai persetujuan berhubung pengurangan pengeluaran minyak selepas Moscow yang mengetuai OPEC+, enggan mengetatkan pembekalan bagi menangani kesan wabak berkenaan.

Putin dalam satu perbualan dengan Menteri Tenaga, Alexander Novak, berkata Russia bersedia berbincang mengenai ‘pengurangan kira-kira 10 juta tong sehari, sedikit kurang, mungkin sedikit lebih’.

Katanya, Russia berhubung rapat dengan Arab Saudi dan beliau juga telah bercakap dengan Presiden AS, Donald Trump, baru-baru ini. - AFP

Posted by Keyman188 > 2020-04-04 22:17 | Report Abuse

OPEC+ Meeting Delayed on New Saudi, Russia RiftBy 

(April 4, 2020, 8:57 AM GMT+8Updated on April 4, 2020, 8:41 PM GMT+8)


~ Meeting now tentatively scheduled for April 9, say delegates

~ Diplomatic row puts new agreement to curb production at risk


OPEC+ delayed a meeting aimed at ending the oil price war, as Riyadh and Moscow trade barbs about who’s to blame for the collapse in oil prices.

The alliance is tentatively aiming to hold the virtual gathering on April 9 instead of Monday as it previously intended, a delegate familiar with the matter said. Producers need more time for negotiations, said another. Beyond the alliance, Saudi Arabia and Russia have indicated they want other oil countries to join in any output cuts, complicating efforts to call a meeting, the delegate said, asking not to be named discussing diplomatic matters.

The delay came hours after Saudi Arabia made a pointed diplomatic attack on Russian President Vladimir Putin, opening a fresh rift between the world’s two largest oil exporters and jeopardizing a deal to cut production.

In a statement early on Saturday, the Saudi Foreign Minister Prince Faisal bin Farhan said comments by Putin laying blame on Riyadh for the end of the OPEC+ pact between the two countries in March were “fully devoid of truth.”

The direct criticism of Putin, echoed in a statement by Energy Minister Prince Abdulaziz bin Salman, threatens a new agreement to stabilize an oil market that’s been thrown into chaos by the global fight against coronavirus. President Donald Trump had devoted hours of telephone diplomacy last week to brokering a truce in the month-long price war between Moscow and Riyadh.

“We always remained skeptical about this wider deal as U.S. producers cannot be mandated to cut,” said Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd. “If so, Russia doesn’t come to the table. And if everyone doesn’t cut, Saudi Arabia’s long held stance is that they will not cut either.”

The prospect of a new deal spurred a 50% recovery in benchmark oil prices last week as traders saw some relief from the catastrophic oversupply caused by a lockdown of the world’s largest economies, in a bit to halt the coronavirus pandemic. With billions of people forced to stay at home, demand for gasoline, diesel and jet has collapsed by about as much 35 million barrels a day.

“Russia was the one that refused the agreement” in early March, the Saudi foreign ministry said. “The kingdom and 22 other countries were trying to to persuade Russia to make further cuts and extend the agreement.”

Sponsored by Trump, who’s fretting about the future of America’s shale industry, momentum for a new agreement had built in recent days.

A delay is “not a good sign,” said Ayham Kamel, head of Middle East and North Africa at the Eurasia Group consultancy. “This entirely plays negatively for the discussions.”

“Part of Putin’s comments are about saving face and also justifying why the oil price crashed and partly to deter criticism from the U.S. Putin doesn’t want to be blamed for any losses in the U.S. energy industry. It seems to me that there’s both a defensive effort to shield from criticism abroad for both the Saudis and the Russians,” Kamel said.


##https://www.bloomberg.com/news/articles/2020-04-04/saudi-arabia-says-putin-s-comments-on-opec-deal-is-incorrect?srnd=premium-asia

Posted by tkl88 > 2020-04-05 00:16 | Report Abuse

The alliance (OPEC+) is tentatively aiming to hold the virtual gathering on April 9 instead of Monday as it previously intended, a delegate familiar with the matter said.

Posted by tkl88 > 2020-04-05 00:16 | Report Abuse

Meeting suppose on April 6 (Monday), delayed to April 9 (Thursday).
So, got 3 more days for us to Sailang on O & G stocks before it’s share price spike up to sky high !
Huat ah ! Heng ah ! Ong ah !

Posted by Keyman188 > 2020-04-05 00:30 | Report Abuse

Oil set to ‘crater’ Monday as OPEC meeting delayed, tensions flare between Saudi Arabia and Russia

PUBLISHED SAT, APR 4 202012:00 PM EDT

~ The virtual meeting between OPEC and its allies scheduled for Monday has been postponed, sources familiar with the matter told CNBC, as tensions between Saudi Arabia and Russia mount.

~ The meeting will now “likely” be held on Thursday, sources said.

~ The Monday meeting was set after President Donald Trump said to CNBC on Thursday that he expected Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman to announce a deal on production cuts.


The virtual meeting between OPEC and its allies scheduled for Monday has been postponed, sources familiar with the matter told CNBC, amid mounting tensions between Saudi Arabia and Russia. The meeting will now “likely” be held on Thursday, sources said.

The Monday meeting was set after President Donald Trump said to CNBC on Thursdaythat he expected Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman to announce a deal to cut production by up to 15 million barrels, and that he had spoken to both countries’ leaders.

The delay is likely to hit oil prices next week following a record-setting comeback week for crude. U.S. oil surged 25% on Thursday for its best day on record, and gained another 12% on Friday. It finished the week with a 32% surge, breaking a 5-week losing streak and posting its best weekly performance ever, back to the contract’s inception in 1983.

“It’s probably going to crater,” Again Capital’s John Kilduff said. “There was a lot of optimism priced into oil Thursday and Friday. With this new Saudi, Russia spat, it doesn’t look like it’s going to come together.”

Despite last week’s surge, West Texas Intermediate crude is still down nearly 40% in the last month on the heels of demand destruction from the coronavirus outbreak, and the price war between Saudi Arabia and Russia.

Friday’s jump was fueled by a Reuters report that OPEC+ was contemplating a production cut equivalent to about 10% of world supply, and that Putin said a cut of 10 million barrels a day appeared possible.

Both Saudi Arabia and Russia have sought U.S. cooperation in balancing the world oil supply. American drillers are still pumping near record levels as the world is coming to the edge of its ability to store oil.

U.S. oil executives met with the president Friday at the White House, and there was speculation he would ask them to cooperate in cuts. No agreement came of the meeting, but Trump did seem to reflect an industry view that market forces should determine prices. 

“These are great companies and they’ll figure it out,” he said at a White House briefing following his meeting with the energy CEOs. “It’s a free market, they’ll figure it out.”

At its March meeting, OPEC proposed cutting production by 1.5 million barrels per day in an effort to combat the demand slowdown, but OPEC-ally Russia rejected the additional cuts. The meeting ended with no agreement, and in retaliation Saudi Arabia slashed its oil prices in an effort to gain market share, and subsequently increased its production to a record high of more than 12 million barrels per day.

Tensions between Saudi Arabia and Russia have escalated since. In comments Friday, Putin blamed the collapse in oil prices on Saudi Arabia pulling out of the more than 3-year-old OPEC plus deal, along with its increase in production and agreements for discounts, all of which exacerbated the blow from the coronavirus.

Saudi Arabia lashed back. In a statement Saturday, Saudi Foreign Minister Prince Faisal bin Farhan reportedly said Putin’s comments were “devoid of truth.”

Saudi Arabia energy minister Prince Abdulaziz bin Salman also issued a statement Saturday saying comments from Russia’s energy minister Alexander Novak “were categorically false and contrary to fact.” The statement said the Saudi minister “expressed his surprise at the attempts to bring Saudi Arabia into hostilities against the shale oil industry.” The minister noted that Saudi Arabia was a major investor in the U.S. oil sector.

“Now we have two issues,” said Helima Croft, head of global commodities research at RBC. “After President Trump’s statement it seems rather unlikely any production commitment is forthcoming. And it looks like we might have a new diplomatic rift between Russia and the Saudis…The Saudi minister is pushing back furiously on the Russian minister’s assertion that the Saudis are targeting shale.”


##https://www.cnbc.com/2020/04/04/oil-set-to-crater-monday-as-opec-meeting-delayed-tensions-flare-between-saudi-arabia-and-russia.html

Posted by tkl88 > 2020-04-05 06:47 | Report Abuse

普京证实俄愿减产 April 5, 2020
https://www.google.com/amp/s/www.enanyang.my/news/20200405/%25E3%2580%2590%25E5%2585%25A8%25E7%2590%2583%25E5%25A4%25A7%25E6%258A%2597%25E7%2596%25AB%25E3%2580%2591%25E6%2599%25AE%25E4%25BA%25AC%25E8%25AF%2581%25E5%25AE%259E%25E4%25BF%2584%25E6%2584%25BF%25E5%2587%258F%25E4%25BA%25A7/amp/

（莫斯科4日讯）俄罗斯总统普京表示，俄罗斯准备好与沙地阿拉伯和其他主要产油国一道大幅削减石油产量，以阻止油价下跌。这一表态呼应了美国总统特朗普之前的说法。

“我们做好准备在OPEC+框架内与合作伙伴达成协议，并准备与美国在这个问题是进行合作，”普京周五在与政府高级官员和石油行业高管的视频会议上说。
 “我认为有必要共同努力，以平衡市场并减少产量。”
普京说，俄罗斯认为全球石油产量每天减少约1000万桶是可能的，并准备“在伙伴关系”的基础上参与。
普京的表态是俄罗斯首次证实特朗普周四通过推文发布的消息。推文称俄罗斯愿意参与减产，该消息推动布伦特原油价格一度暴涨47%。

Posted by Cojack31 > 2020-04-05 09:22 | Report Abuse

So ..alam price will be yp or down?

Posted by tkl88 > 2020-04-05 09:31 | Report Abuse

t.p by next week => Break above 0.20
t.p by next Apr 2020 => Break above 0.40
t.p by next Jun 2020 => Break above 0.70
t.p by next Sep 2020 => Break above RM1.00
t.p by next Dec 2020 => Break above RM1.50
t.p by next Mar 2021 => Break above RM2.00
t.p by next Jun 2021 => Break above RM2.50
t.p by next Sep 2021 => Break above RM3.00

Posted by tuapuikia > 2020-04-05 10:36 | Report Abuse

If really break 20 cents, after MCO can go to spend a good meal