Posted by tkl88 > 2020-04-09 18:02 | Report Abuse

OMG, Oil price continue to spike up sky high !
As at 5.55pm,
Nymex => $26.60 (+1.51) (+6.02%)
Brent => $34.20 (+1.36) (+4.14%)

Posted by apolloang > 2020-04-09 18:03 | Report Abuse

oil price haven't up 100%, stocks already up more than 100%

Posted by tkl88 > 2020-04-10 00:29 | Report Abuse

Wow, Congratulations to you all guys who is still keep tight tight & Sailang Armada at current low price !
Good news from the OPEC+ meeting which the output cut was Deal and the oil price then was spike up sharply!

As at ‬12.13am,
Nymex => $26.02 ‪(+0.93) (+3.71%)‬
Brent => $33.86 ‪(+1.02) (+3.11%)‬

Posted by tkl88 > 2020-04-10 01:00 | Report Abuse

Russia and Saudi Arabia agree deal on oil output cuts: Report
OPEC members are on Thursday set to discuss 'deep cuts' of up to 20 million barrels per day
By MEE and agencies
Published date: 9 April 2020 14:40 UTC
Last update: 18 min 21 sec ago

https://www.middleeasteye.net/news/russia-and-saudi-arabia-agree-deal-oil-output-cuts

Russia and Saudi Arabia have overcome all hurdles to cut oil production at a meeting of OPEC, ending a month-long price war.
Oil prices jumped after Reuters reported that the two countries have agreed to a "deep cut" in crude production.
OPEC and other oil producers were set to debate on Thursday oil cuts as big as 20 million barrels per day (bpd), equivalent to about 20 percent of global supplies, one OPEC source and a Russian source told Reuters.
"That is a global deal," the OPEC source said.
He did not specify if the United States would be involved - something Russia and OPEC producers have insisted on.
A worldwide lockdown to slow the spread of the coronavirus pandemic has cut fuel demand by roughly 30 percent and contributed to a crash in prices that took major benchmarks down by more than two-thirds.
Prices surge
Prices surged over 10 percent earlier on Thursday as producers appeared set to cut production sharply, but the exact details of the cuts remain unclear.
The OPEC and allies including Russia - a group known as OPEC+ - were in talks on Thursday to cut production sharply, with numbers as high as 20 million bpd bandied about, OPEC and Russian sources said.
That would be equivalent to about 20 percent of global supplies, to support prices hammered by the coronavirus crisis. However, it is unclear if a figure that lofty includes cuts made for economic decisions by private producers in the United States, Canada and elsewhere, or if OPEC assumes those countries will mandate cuts, which the US has not wanted to do.
A cut of 20 million bpd would be by far the biggest output cut ever agreed by OPEC. But Russia has insisted it will only reduce output if the United States joins the deal. US laws prevent coordination among private companies.
Analysts, meanwhile, said that even if such record cuts are agreed, they will not be enough.
"Ultimately, the size of the demand shock is simply too large for a coordinated supply cut," analysts at Goldman Sachs said on Thursday.
Following the OPEC+ meeting, energy ministers from the Group of 20 major economies are set to meet on Friday.
The last OPEC meeting in early March ended acrimoniously, with Russia and Saudi Arabia unable to come to an agreement to curb output as the virus spread, adding to the slump in prices.
A source briefed on Saudi Arabia's oil policy said it is ready to cut up to 4 million bpd of its production, but only from its record output levels of 12.3 million bpd achieved in April.
Russia has said it wants output to be cut from the January-March levels before Saudi production jumped.

Posted by tkl88 > 2020-04-10 04:27 | Report Abuse

Great, Dow Jones continue it’s bull run !
DJI closed at =>
23,719.37 (+285.80) (+1.22%) !

Posted by RedEagle > 2020-04-10 07:38 | Report Abuse

The UAE has received an invitation to participate as an honorary guest in the G20 Energy Ministers Meeting, which will be held remotely on Friday, April 10, the Ministry of Energy and Industry said.

Posted by 5354_ > 2020-04-11 09:54 | Report Abuse

2 sen dividend ex-date 16th Apr not sure gain? Who still throw yesterday?

Posted by GPS_Sarawak > 2020-04-13 15:16 | Report Abuse

PN worse than PH? Still not too late to pullout?

Posted by 8888_ > 2020-04-14 10:05 | Report Abuse

Petronas aims to keep local capex
https://www.thestar.com.my/business/business-news/2020/04/14/petronas-warns-of-project-delays-aims-to-keep-local-capex

Posted by Underhand > 2020-04-14 21:15 | Report Abuse

No more magic

Posted by probability > 2020-04-14 22:13 | Report Abuse

From the Horse's mouth: Capex is maintained for 2020
............................................

Malaysia's Petronas warns of project delays, aims to keep local capex

APRIL 13, 2020

https://www.reuters.com/article/health-coronavirus-malaysia-petronas/malaysias-petronas-warns-of-project-delays-aims-to-keep-local-capex-idUSL3N2C12MW


KUALA LUMPUR, April 13 (Reuters) - Malaysian state energy giant Petronas said the risks of delays to some of its projects were rising due to prolonged coronavirus-related lockdowns around the world.

Petronas, which operates in more than 20 countries including Brazil and the United States, said in an email that it would try to maintain its domestic spending for this year.

The company forecast 2020 domestic capital expenditure of 26 billion ringgit ($6 billion) to 28 billion ringgit, higher than last year. (Reporting by Krishna N. Das; Editing by Alexander Smith)

............

like i had mentioned earlier, its not the oil price that is the concern but lockdown to MCO was the constraint. Now slowly things will open up..

Posted by BearishTrend > 2020-04-14 22:24 | Report Abuse

Let's focus tech and others stock while oil m gas sideways first..still uncertainty how much it's can go down..maybe around usd15 brent usd20. Penergy at what what price at that time? 10cts or 20cts..who now?

Posted by Will76 > 2020-04-15 09:41 | Report Abuse

Breaking News from CNBC

Oil prices shed more than 10% on Tuesday, with investors apparently unconvinced that record supply cuts could soon balance markets pummeled by the coronavirus pandemic, though a predicted plunge in U.S. shale output provided some support.

U.S. West Texas Intermediate crude fell 10.26% to settle at $20.11 per barrel, having dropped 1.5% in the previous session.

Brent futures fell $2.14, or 6.7%, to $29.60 per barrel after settling up 0.8% on Monday.

Posted by faizal > 2020-04-15 12:42 | Report Abuse

WTI 20 USD

Posted by CUTLOST > 2020-04-15 17:11 | Report Abuse

Oil already expected going down trending.

Posted by Will76 > 2020-04-15 23:49 | Report Abuse

Breaking News from CNBC

The International Energy Agency (IEA) on Wednesday forecast a 29 million barrel per day (bpd) dive in April oil demand to levels not seen in 25 years and said no output cut could fully offset the near-term falls facing the market.

Brent crude fell $2.04, or 6.8%, to $27.59 a barrel, giving up an earlier gain.

U.S. West Texas Intermediate crude slid 45 cents, or 2.2%, to $19.67. Earlier in the session WTI dropped to its lowest level since Feb. 2002.

Posted by Underhand > 2020-04-16 14:11 | Report Abuse

Earned dividend first

Posted by CUTLOST > 2020-04-16 15:07 | Report Abuse

Afternoon closed back at 72cts

Posted by Underhand > 2020-04-16 17:19 | Report Abuse

Good closing after div

Posted by BearishTrend > 2020-04-20 20:29 | Report Abuse

Need to cut lost tmr at whatever open price..oil crash..west rexas usd13usd per barrel

Posted by harry_7 > 2020-04-20 23:26 | Report Abuse

$10.23 now..

Posted by RedEagle > 2020-04-21 03:15 | Report Abuse

(Reuters) - Energy traders fled from the expiring May US oil futures contract in a frenzy on Monday, sending the contract into negative territory for the first time in history, as barely any buyers are willing to take delivery of oil barrels because there is no place to put the crude.

May US crude futures careened into negative territory about 20 minutes before the end of trading, falling to minus US$8 a barrel, down 146%.

With demand down 30% worldwide due to the coronavirus pandemic, and the main US storage hub in Cushing, Oklahoma expected to fill up in a matter of weeks, very few want to be stuck with oil barrels that they have to take delivery on at some point during May.

"The people who are long are desperate to get out," said Phil Verleger, a veteran oil economist and independent consultant.

Posted by harry_7 > 2020-04-21 07:46 | Report Abuse

FOC oil with -7.00 cash rebate :0......

Posted by BearishTrend > 2020-04-21 12:37 | Report Abuse

60cts in the making

Posted by 8888_ > 2020-04-21 15:57 | Report Abuse

Capex Petronas no cut so i3 members cut loss?

Posted by Citadel88 > 2020-04-21 16:07 | Report Abuse

66.5-67 sen bought. 1.5 by July?

Posted by tkl88 > 2020-04-22 10:11 | Report Abuse

Wow, Nymex price started to spike up like crazy now !
Nymex=> $12.80 (+$1.23) (+10.63%)

Posted by tkl88 > 2020-04-22 10:49 | Report Abuse

US oil prices jump after massive rout
West Texas Intermediate for June delivery rises 18.93% to $13.76 a barrel
Published: April 22, 2020 06:12
AFP
https://gulfnews.com/business/energy/us-oil-prices-jump-after-massive-rout-1.1587521703297

Singapore: US oil prices surged Wednesday after a turbulent start to the week that saw them fall below zero for the first time due to a coronavirus-triggered demand shock.

US benchmark West Texas Intermediate for June delivery rose 18.93 per cent to $13.76 a barrel, after suffering heavy falls in New York overnight.

WTI for May delivery on Monday collapsed to an unprecedented low of minus $40.32 as traders scrambled to sell it before the contract expired Tuesday, but could find few buyers with storage capacity fast filling up.

European benchmark Brent crude for June delivery was up 0.98 percent at $19.52 a barrel, after tumbling to an 18-year low the previous day.

Posted by Will76 > 2020-04-22 14:53 | Report Abuse

Breaking News from CNBC

In the afternoon of Asian trading hours, international benchmark Brent crude futures dropped 14% to $16.55 per barrel.

Meanwhile, the June contract for West Texas Intermediate shed all of its earlier gains as it fell about 6% to $10.82 per barrel.

Posted by tkl88 > 2020-04-22 22:15 | Report Abuse

Wow, oil price continue to spike up !
As at 10.00pm,
Nymex => $15.65 (+4.08) (+35.26%)
Brent => $21.97 (+2.64) (+13.66%)

Posted by tkl88 > 2020-04-23 06:23 | Report Abuse

Wow, Fantastic ! Dow Jones spike up to
closed at=> 23,475.82 (+456.94) (+1.99%) !

Posted by tkl88 > 2020-04-23 07:13 | Report Abuse

Wow, Fantastic,
Oil price started it’s bull run again !

Nymex closed at=> $13.78 (rose +19%)
Brent closed at=> $20.37 (rose +5%)

Posted by tkl88 > 2020-04-23 07:49 | Report Abuse

International oil prices rebound following Trump warning

April 22, 2020 8:09 pm by Myles McCormick and Joe Rennison in London, Hudson Lockett in Hong Kong and Matthew Rocco in New York

Brent bounces back from two-decade low after US president takes aim at Iranian vessels

Oil prices rebounded on Wednesday after Donald Trump stoked Middle East tensions, saying that he had ordered US warships to “shoot down and destroy” Iranian vessels if they posed a threat.
The US president’s intervention sent Brent crude back above $20 a barrel after the international benchmark had tumbled to its lowest level since 1999 on concerns over the collapse in global oil demand.
The declaration from Mr Trump also helped buoy the high-yield bond market, which is heavily exposed to the fate of energy companies. BlackRock’s iShare high-yield bond exchange traded fund, known by its ticker HYG, rose 1 per cent, having dipped 1.8 per cent on Tuesday.

“I have instructed the United States Navy to shoot down and destroy any and all Iranian gunboats if they harass our ships at sea,” Mr Trump wrote in a tweet.
The prospect of renewed tensions in the Middle East gave crude a lift during a week where prices have struggled to contend with an evaporation in demand triggered by the coronavirus pandemic.

Brent rose as high as $22.45 a barrel and settled at $20.37, up more than 5 per cent on the day. The energy sector helped lead a rally on Wall Street that sent the benchmark S&P 500 up 2.3 per cent following two days of falls. The tech-heavy Nasdaq Composite closed up 2.8 per cent.
West Texas Intermediate, the US marker, rose 19 per cent to $13.78 a barrel. It almost halved during the previous session and earlier in the week fell into negative territory for the first time as producers were forced to pay buyers to take oil off their hands ahead of the expiry of futures contracts.

Brent crude remains down about 27 per cent so far this week. Oil production levels have remained robust even as the virus destroys demand, creating a supply glut. An unprecedented cut of almost 10 per cent of global supply by Opec and its allies will take effect next month, but traders worry it is not enough to offset the collapse in consumption.
The head of the International Energy Agency on Tuesday called for the output reductions to be expedited and deepened. Opec members met by phone overnight, but there was no sign they would change their plans.

Posted by tkl88 > 2020-04-23 13:37 | Report Abuse

Wow, Marvelous !
Oil price continue to spike up !

As at 1.27pm,
Nymex at=> $15.77 (+1.99) (+14.4 %)
Brent at=> $22.87 (+2.50) (+12.3 %)

Posted by tkl88 > 2020-04-23 23:17 | Report Abuse

Wow, Awesome!
Oil price continue to spike up to sky high !
Nymex now at=> $17.83 (+4.05) (+29.39%) !

Posted by GPS_Sarawak > 2020-04-24 09:36 | Report Abuse

Only Bung from Sabah can make noise not us? Why must we loyal to PN when PN worse than PH?

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-04-26 20:42 | Report Abuse

buy 0.705 cents ready to play.

Posted by newbie5354_ > 2020-04-27 16:26 | Report Abuse

Short selling not ban? Why PN still allow?

Posted by diehardunited > 2020-05-02 00:56 | Report Abuse

Poor earnings prospects!

You better switch to this O&G recession-proof stock! https://klse.i3investor.com/blogs/fatprofitstock/2020-05-02-story-h1506852456-WHY_SHOULD_BUY_THIS_O_G_RECESSION_PROOF_STOCK.jsp

Posted by SuperPanda > 2020-05-04 15:05 | Report Abuse

jumped in .75c, keep till next year

Posted by SuperPanda > 2020-05-04 22:21 | Report Abuse

when this stock drop below 70c last year, i didnt buy and then miss the ride till over 1.80. wont miss again this time : )

Posted by BearishTrend > 2020-05-06 00:54 | Report Abuse

Back on track 1.30 tmr

Posted by tkl88 > 2020-05-07 19:17 | Report Abuse

Wow, Fantastic !
Oil price continue to spike up !

As at 7.10pm,
Nymex at=> $26.01 (+2.02) (+8.42 %)
Brent at => $31.37 (+1.65) (+5.55 %)

Huat ah ! Heng ah ! Ong ah !

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-05-07 20:24 | Report Abuse

going up

Posted by tkl88 > 2020-05-07 22:10 | Report Abuse

U.S. oil prices jump more than 8% as Saudi Arabia lifts prices, China crude imports climb

By Mark DeCambre
Published: May 7, 2020 9:14 am ET

https://www.google.com.my/amp/s/www.marketwatch.com/amp/story/guid/28455BBE-901F-11EA-9208-AF2E6FA5B5BC

Brent oil price, the international benchmark, rises around 6%
Crude oil futures climbed sharply on Thursday, at least partly supported by Saudi Arabia’s decision to lift prices to help stabilize values, while China’s appetite for the commodity picked up in April compared with prior months.
Saudi Arabia, the most influential member of the Organization of Petroleum Exporting Countries, is raising crude prices for its customers world-wide, according to Bloomberg TV.

Meanwhile, China’s imports rose to 10.42 million barrels a day in April from 9.68 million in March, according to Reuters data. Overall imports for the world’s second-largest economy and the biggest oil importer were down 14.2% from the year-ago period. However, exports from the country grew an unexpected 3.5% from the previous year.
That data combined with hope of a slowdown in production by global oil producers and a gradual revival of economies around the globe after restrictions due to the COVID-19 pandemic are lifted are expected to eventually lift crude prices.
“Oil is ruining up on hopes on rebounding demand,” wrote Peter Cardillo, chief market economist at Spartan Capital Securities in a daily research note.
West Texas Intermediate crude for June delivery CL CLM20+9.38% on the New York Mercantile Exchange, rose $2, or 8.3%, to $25.99 a barrel, after settling 2.4% lower on Wednesday, which snapped a five-session streak of gains.
Global benchmark July Brent crude UK:BRNN20+5.99%  picked up $1.54, or 5.2%, at $31.26 a barrel on ICE Futures Europe, following a 4% decline in the prior session.

The EIA reported Wednesday that U.S. crude inventories rose 4.6 million barrels for the week ended May 1. The data, which excludes changes in the SPR, marked a 15th consecutive weekly rise, but was smaller than the average increase of 7.1 million barrels forecast by analysts polled by S&P Global Platts.
Investors are also digesting the U.S. weekly jobless claims data Thursday which showed more than 3 million Americans lost employment, adding to the already 30 million figure that has been racked up over the past six weeks.
Some signs of easing tensions between China and the U.S. may also be providing a lift to crude prices, as Bloomberg News reported on Thursday that U.S. trade negotiator Robert Lightihizer and his counterpart Liu He are scheduled to have a call to discuss progress on a phase-one trade deal between the countries that had looked in jeopardy of being quashed by President Donald Trump.

Posted by BearishTrend > 2020-05-08 13:06 | Report Abuse

Rm1 in the making

Posted by tkl88 > 2020-05-08 17:29 | Report Abuse

Wow, Amazing !
Oil price continue to spike up !

As at 5.22pm,
Nymex at => $24.39 (+0.84) (+3.57 %)
Brent at => $29.99 (+0.53) (+1.80 %)

Huat ah ! Heng ah ! Ong ah !

Posted by Hidup_PN > 2020-05-08 22:01 | Report Abuse

PM hails Petronas-Sarawak deal, says it allows for further development of O&G sector in the State
https://www.theedgemarkets.com/article/pm-hails-petronassarawak-deal-says-it-allows-further-development-og-sector-state

Posted by tkl88 > 2020-05-09 08:15 | Report Abuse

Wow, Awesome !
Dow Jones closed at = > 24,331.32 (+455.43) (+1.91 %)

Posted by tkl88 > 2020-05-09 08:36 | Report Abuse

Wow, Fantastic !
Oil price continue to spike up to sky high!

Nymex closed at => $24.62 (+1.07) (+4.54 %)
Brent closed at => $30.88 (+1.42) (+4.82 %)

Huat ah ! Heng ah ! Ong ah !