Posted by louis1107cpy > 2020-05-06 17:01 | Report Abuse

go go power rangers

Posted by tkl88 > 2020-05-07 19:15 | 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 Alan Punpipi > 2020-05-07 20:18 | Report Abuse

Petronas fails application to stay payment of RM1.3bil to Sarawak
Thursday, 07 May 2020

5:11 PM MYT
By SHARON LING


KUCHING: The High Court here has dismissed Petronas' application for a stay of proceedings to enforce the payment of state sales tax on petroleum products amounting to over RM1.3bil to the Sarawak government.

Judge Azhahari Kamal Ramli ruled that Petronas had failed to prove special circumstances to justify a stay of the enforcement proceedings.

Petronas applied for the stay pending the hearing of its appeal against the dismissal of its judicial review application on March 13 to declare the state sales tax unconstitutional.

The appeal is fixed for hearing in Putrajaya on June 17.


Signs of Petronas drying up fast......how to pay contracts awarded to Dayang and Perdana in future is still a BIG Q

Posted by tkl88 > 2020-05-07 22:05 | 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 tkl88 > 2020-05-08 17:28 | 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 tkl88 > 2020-05-09 08:12 | Report Abuse

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

Posted by tkl88 > 2020-05-09 08:33 | 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 !

Posted by probability > 2020-05-09 14:06 | Report Abuse

Posted by probability > May 9, 2020 1:57 PM | Report Abuse X

Southeast Asia braces for huge wave of decommissioning
......................................................

09/12/2019

https://www.energyvoice.com/oilandgas/asia/213619/southeast-asia-brace...

More than 200 offshore fields are expected to stop producing in Southeast Asia by 2030 with total decommissioning costs estimated to range from $30 billion to as much as $100 billion.



Petronas seeks priced information for decommissioning works
...........................................................

https://connect.ihsmarkit.com/upstream-insight/article/phoenix/1475433...

Petronas is understood to have issued a RFI (request for information) related to potential decommissioning programmes offshore Malaysia.

In January 2018, it was reported Petronas had plans for a decommissioning programme over a five-year period between 2018 and 2023. The operator was understood to have planned a work scope that covered some 26 structures and around 200 wellheads that had been identified for decommission over the timeframe.



O&G decommissioning works in big demand
........................................

03 Jul 2019

https://www.thestar.com.my/business/business-news/2019/07/03/og-decomm...

PETALING JAYA: As more oil and gas (O&G) fields in Malaysia and the region approach the end of their lifespan, the demand for decommissioning works is set to surge.

The value of decommissioning contracts in the region, over the next three years, is expected to reach up to RM6bil, according to estimates by industry players.

In its 2019-2021 activity outlook, Petronas noted the requirement for 50, 40 and 60 well abandonment for the local fields in 2019, 2020 and 2021, as well as the need for the dismantling of several platforms or facilities.

“Activities are expected to intensify as considerable assets have been operating beyond 40 years,” Petronas said in the report.

According to UOB Kay Hian, other indirect beneficiaries from well abandonment works are DAYANG ENTERPRISE HOLDINGS BHD, Petra Energy Bhd, Icon Offshore Bhd, Perdana Petroleum Bhd and DELEUM BHD



PETRONAS Activity Outlook 2020 - 2022:
.....................................

https://www.petronas.com/ws/sites/default/files/downloads/PETRONAS-Act...

refer page 56

Posted by tkl88 > 2020-05-09 16:45 | Report Abuse

Walaoeh, Oil price going to be super bullish from now onwards !

一个月前卖不动，如今国际原油或将供应短缺！怎么回事？
https://www.baidu.com/#iact=wiseindex%2Ftabs%2Fnews%2Factivity%2Fnewsdetail%3D%257B%2522linkData%2522%253A%257B%2522name%2522%253A%2522iframe%252Fmib-iframe%2522%252C%2522id%2522%253A%2522feed%2522%252C%2522index%2522%253A0%252C%2522url%2522%253A%2522https%253A%252F%252Fmbd.baidu.com%252Fnewspage%252Fdata%252Flandingpage%253Fs_type%253Dnews%2526dsp%253Dwise%2526context%253D%25257B%252522nid%252522%25253A%252522news_9699743094647660452%252522%25257D%2526pageType%253D1%2526n_type%253D1%2526p_from%253D-1%2526innerIframe%253D1%2522%252C%2522isThird%2522%253Afalse%252C%2522title%2522%253Anull%257D%257D

金十数据
05-08 20:44百家榜创作者，金十数据官方帐号，优质财经领域作者

4月中旬，纽约油价惊现负值，让无数人陷入“投资扣光本金还要倒贴钱”的尴尬境地。我们刚刚被科普出现“负油价”的原因是，国际油市供应过剩。然而，不到一个月时间，有分析师就却指出，有迹象显示，国际原油市场可能很快就要从供应过剩，转为供应短缺。这到底是怎么一回事呢？

首先，我们可以从与国际原油市场关系最为密切的油轮收益情况中了解到当前乃至未来原油的供应情况。据国际航运新闻网最新报道，波罗的海国际航运公会（BIMCO）首席航运分析师指出，2020年第一季度，是近十年来大型油轮收益最高的季度之一。这主要是由于一季度油价暴跌，市场比较倾向于囤积原油，待价而沽，可囤油的油轮租金及运价就应声上涨。
据国际航运新闻网（International Shipping News）5月7日消息，近几周，全球原油油轮收益呈大幅下降趋势。短短九天内（4月22日-5月4日），从中东湾到美国湾的超大型油轮的收益就从16.24万美元/天，大跌至3.62万美元/天，降幅近八成。反证可得，这一信号可能意味着国际油市已经逐渐倾向于将原油取出使用，供应也很可能也将不再过剩。

此外，随着欧佩克（OPEC）的减产协议5月开始生效，国际油市逐渐从期货溢价（远期期货价格高于近期期货）向现货溢价（现货价格高于期货价格）转变。而国际原油市场的现货溢价鼓励投资者将石油从库存中取出使用。
此外，中国、美国等多个国家开始复工，也消耗库存原油，进一步提振了国际原油需求。据Market Watch最新公布的报告显示，近几天，由于美国能源部门连续两天抽走汽油库存，美国汽油需求在四周内又创新高。

而中国复工步伐的稳步推进，也将进一步推高原油需求。目前，中国炼化厂的生产已经恢复了70%的产能。而据美国能源情报集团（Energy Intelligence）预测，二季度，中国的能源需求将环比增长100万桶/日，增幅约为10%。

Posted by Jerry Yip > 2020-05-09 16:47 | Report Abuse

sell

Posted by calvin5025 > 2020-05-10 17:20 | Report Abuse

sell

Posted by Godofgambler > 2020-05-11 23:58 | Report Abuse

Wahhlaooooooooooooo
Oil going up...

Posted by calvin5025 > 2020-05-12 11:22 | Report Abuse

sell

Posted by Westeros > 2020-05-12 15:00 | Report Abuse

Calvin5025...you sell yours lah...I buy

Posted by tkl88 > 2020-05-12 17:35 | Report Abuse

Wow, Fantastic !
Oil price continue to spike up !

As at 5.30pm,
Nymex at => $24.88 (+0.74) (+3.07 %)
Brent at => $30.07 (+0.44) (+1.48 %)

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-05-13 00:49 | Report Abuse

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

As at 12.38am,
Nymex at => $25.82 (+1.68) (+6.96 %)
Brent at => $30.21 (+0.58) (+1.96 %)

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-05-13 16:29 |

Post removed.Why?

Posted by oasischeah > 2020-05-14 13:36 | Report Abuse

Stock prices will cool down till after Raya holidays. Sharks have already made their money.

Posted by mf > 2020-05-14 13:37 | Report Abuse

Stock futures little changed as Wall Street tries to curb the latest wave of selling

Posted by spielmacher > 2020-05-14 22:32 | Report Abuse

Tomorrow further up to trap bilis..

Posted by tkl88 > 2020-05-15 03:00 | Report Abuse

Wow, Fantastic !
Oil price was superb damn hot man !

As at 2.47 am,
Nymex at => $27.46 (+2.17) (+8.58 %)
Brent at => $31.10 (+1.91) (+6.54 %)

Huat ah ! Heng ah ! Ong ah !

Posted by newbie9893 > 2020-05-15 06:02 | Report Abuse

O&G is the next theme to play after glove counters. you can start to collect any O&G counters by today.. sure won't regret, believe me

Posted by newbie9893 > 2020-05-15 06:03 | Report Abuse

today you can see all the O&G counters spike up crazily !

Posted by nicedurians > 2020-05-15 12:56 | Report Abuse

gloves stock already peaked. next play is oil play.

Posted by nicedurians > 2020-05-15 15:22 | Report Abuse

Brent 32 USD! Next week 32 USD? :)

Posted by icepumpkin > 2020-05-15 15:35 | Report Abuse

buy oil. next week will fly.

Posted by Godofgambler > 2020-05-15 18:31 | Report Abuse

Perdana will shoot up very very very high soon.

Posted by icepumpkin > 2020-05-15 18:37 | Report Abuse

Perdana not yet vroom vroom. Next week will shoot up. Get ready your bullet.

Posted by Godofgambler > 2020-05-15 19:34 | Report Abuse

https://www.theedgemarkets.com/article/genting-unit-dna-electronics-technology-detects-sarscov2-sequences

Posted by EviltigerXD > 2020-05-15 19:40 | Report Abuse

I brought at 0.185...should i hold or sell it at monday? Some say nex week OnG will drop...should i sell it before market open so i can buy in at lower price at monday?

Posted by spielmacher > 2020-05-15 20:07 | Report Abuse

Daily covid case expected to be single digit starting next week. Rubber n glove counters will go downtrend and correction phase. It will be energy time again. Keep hold it..its about time for perdana to move above 20 sen again.

Posted by icepumpkin > 2020-05-15 21:56 | Report Abuse

Js hold and sell at higher price. Those said o&g will drop mostly because not yet bought and missing out hoping it will drop. If it really drop, js ave down. Glove had surged so high. The big4 still ok. The rest im not too sure.

Posted by EviltigerXD > 2020-05-15 22:38 | Report Abuse

Thanks you guy~newbie here 1st time buy more than 10k for test...abit worry haha..

Posted by icepumpkin > 2020-05-15 22:51 | Report Abuse

Split your money buy 47-50%. Then buy again if drop 50-53%. Dnt buy at one go. Unless you are very sure it will go up or you buy for long term. Newbie too.

Posted by Teleboy > 2020-05-15 23:53 | Report Abuse

.20 cents at least!

Posted by icepumpkin > 2020-05-16 00:28 | Report Abuse

https://oilprice.com/Energy/Energy-General/The-First-Signs-Of-Real-Oil-Demand-Recovery-Are-Here.html

Posted by icepumpkin > 2020-05-16 00:29 | Report Abuse

Wti 29.30 Brent 32.18. If this continue to rise, monday all o&g gap up.

Posted by Michael Lee > 2020-05-16 09:42 | Report Abuse

O&G stocks are surging up for Raya ang pao.

Posted by tkl88 > 2020-05-16 09:47 | Report Abuse

Wow, Fantastic !
Oil price continues it’s bull run man !

Nymex closed at => $29.71 (+2.15) (+7.80 %)
Brent closed at => $32.84 (+1.71) (+5.49 %)

Like that next week share price for all stocks especially O & G stocks in KLSE will be spike up to sky high already !

Huat ah ! Heng ah ! Ong ah !

Posted by Godofgambler > 2020-05-17 01:13 | Report Abuse

We will see Perdana at 0.40
Perdana got lots of projects

Posted by amirmokhtar > 2020-05-17 12:52 | Report Abuse

Hope so.. God willing..

Posted by davidkkw79 > 2020-05-17 17:56 | Report Abuse

Scared tomorrow parliment will happen something bad

Posted by Teleboy > 2020-05-17 19:24 | Report Abuse

Scared then buy after the meeting at a higher price

Posted by icepumpkin > 2020-05-17 22:57 | Report Abuse

Oil will continue to go up. Cut of supply and increase in demand. China keep buying oil. Keep for few months, price will double.

Posted by Godofgambler > 2020-05-18 00:19 | Report Abuse

Tomorrow will fly.... Must buy...
Perdana will go higher than Hibiscus

Posted by Westeros > 2020-05-18 08:54 | Report Abuse

Huat lah today Perdana......hope the price goes up up and away....

Posted by Godofgambler > 2020-05-18 08:56 | Report Abuse

TP0.40 as for this month..
Raya angpow..
Those tak caya sure regret.

Posted by Godofgambler > 2020-05-18 08:57 | Report Abuse

Perdana waiting announcement..
Got secure projects from Dayang...

Posted by tkl88 > 2020-05-18 09:59 |

Post removed.Why?

Posted by icepumpkin > 2020-05-18 10:30 | Report Abuse

a bit slow compare to other oil counter. armada and knm shoot very high liao.