Posted by tkl88 > 2020-04-03 01:52 | Report Abuse

Walaeh, Oil price up crazily !
As at 1.47am,
Nymex => $24.56 ‪(+4.25) (+20.93%)‬
Brent => $29.85 ‪(+5.11) (+20.65%)‬

Posted by tkl88 > 2020-04-03 02:26 | Report Abuse

Oil prices surge after Trump claims Russia and Saudi Arabia agree deal - as it happened

https://www.google.com.my/amp/s/amp.theguardian.com/business/live/2020/apr/02/markets-us-jobless-claims-covid-19-economy-recession-coronavirus-business-live

Rolling coverage of the latest economic and financial news as oil prices jump by more than 30% and the US jobless report reveals scale of coronavirus damage
* US president claims oil production cut deal; Russia denies agreement
* US initial jobless claims hit record; 6.6m people signed on last week
* Earlier: One in four UK firms cut staff levels
* Coronavirus – latest updates
* See all our coronavirus coverage

13:11 EDT
Closing summary: Trump sends oil prices rocketing and US jobless claims soar
Donald Trump sent oil markets into an unprecedented buying frenzy on Thursday afternoon, after tweeting that Saudi Arabia and Russia had reached a deal on production cuts.
Russia poured cold water on the details, saying there had been no deal, but it still put oil futures prices on track for the biggest daily rise ever. At the time of writing Brent crude futures prices had gained 22%.
Here are the other important developments from today:
* More than 6.6m Americans filed jobless claims last week, by far the largest number in history and an indication that unemployment could reach a record high. Economists said it was one of the starkest indications yet of the scale of the economic pain already inflicted on the US.
* In the UK, the experimental data from the Office for National Statistics said that a quarter of UK companies are already cutting staffing levels “in the short term” due to the coronavirus crisis.
* British Airways confirmed that it will cut capacity by 90% year-on-year for April and May and furlough 30,000 cabin crew.
* British Gas owner Centrica has joined the ranks of companies cancelling their dividends. It also announced £400m in spending cuts this morning.
* National Express cancelled all of its services across the UK.
And of course you can continue to follow all of our coverage of the coronavirus pandemic.
In the UK, health secretary Matt Hancock says the government has written off £13.4bn of historic NHS debt:

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

Dow Jones closed at=> 21,413.44 (+469.93) (+2.24%)

Posted by tkl88 > 2020-04-03 12:59 | 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 traderbond007 > 2020-04-03 14:39 | Report Abuse

“It’s not easy for Russia and Saudi to reach a deal, because if they could reach an output cut agreement they would have done it in March,” Margaret Yang, a strategist at CMC Markets in Singapore, said on Bloomberg TV

Posted by tkl88 > 2020-04-03 15:10 | Report Abuse

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

Posted by tkl88 > 2020-04-03 16:08 | 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 dlau8899 > 2020-04-03 18:12 | Report Abuse

Going up 0.70 as soon

Posted by tkl88 > 2020-04-03 18:41 | 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 Jokers2020 > 2020-04-03 18:55 | Report Abuse

today ong all profit taking due to weekend

Posted by ming > 2020-04-03 19:28 | Report Abuse

Wow.. brahmal is in now.

Posted by Investsucess Trader > 2020-04-03 20:05 | Report Abuse

Dayang brothers.....

Posted by tkl88 > 2020-04-03 23:21 | 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 23:49 | 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.

Posted by tkl88 > 2020-04-03 23:50 | Report Abuse

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 06:39 | Report Abuse

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

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

Posted by dlau8899 > 2020-04-04 15:38 | Report Abuse

Will Monday up above 0.60

Posted by Lucky81 > 2020-04-04 15:47 | Report Abuse

absolutely, rm 0.82 limit up. the sky is the limit.

Posted by Investsucess Trader > 2020-04-04 17:29 | Report Abuse

Better to stay alert and deligent....

Posted by Lucky81 > 2020-04-04 18:18 | Report Abuse

habis cerita, talk to be delayed due to te rift.

Posted by Investsucess Trader > 2020-04-04 20:18 | Report Abuse

Take cover first..

Posted by Ravi Kumar > 2020-04-04 22:22 | Report Abuse

It would be good to watch and see first rather than jump in right away on Monday. Still uncertainties. Prices jumped up to USD36 before settling at USD29 ish. Friday's jump might be because of covering some trades. Looks like Monday's meeting has been delayed. Can chase perhaps??? It is without a doubt a deal from come a matter of when


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

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.”

Posted by Ravi Kumar > 2020-04-04 22:24 | Report Abuse

Long term O&G service providers look good

https://www.cnbc.com/2020/04/04/opec-emergency-meeting-likely-to-be-postponed-to-april-8-or-9-sources-say.html

OPEC and its allies will likely postpone emergency meeting to April 8 or 9, sources say
PUBLISHED SAT, APR 4 20204:42 AM EDT

Posted by Lucky81 > 2020-04-04 23:00 | Report Abuse

keep for 10 years long term

Posted by tkl88 > 2020-04-05 00:20 | 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 00:21 | 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 tkl88 > 2020-04-05 06:56 | 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 Ameera > 2020-04-05 08:44 | Report Abuse

Sure can buy? I am stuck at RM1...:(

Posted by Investsucess Trader > 2020-04-05 10:42 | Report Abuse

You can get lower price ,why buy now????

Posted by RedEagle > 2020-04-05 11:58 | Report Abuse

Satay Kajang >RM1
Expensive than Uzma..wait for what..just buy and hold dear

Posted by Lucky81 > 2020-04-05 12:01 | Report Abuse

this uzma satay can make u choking and suffer from heart attack.

Posted by RedEagle > 2020-04-05 12:19 | Report Abuse

KFC >RM15.90
Expensive than Uzma..wait for what..just buy and eat

Posted by tkl88 > 2020-04-05 18:16 | Report Abuse

Yemen’s Saudi-aligned government says Houthis attacked oil pipeline pumping station in Ma’rib: Saudi Press Agency
/ The Mighty 790 KFGO | KFGO
Thomson Reuters
April 05, 2020 01:45 am

https://kfgo.com/2020/04/05/yemens-saudi-aligned-government-says-houthis-attacked-oil-pipeline-pumping-station-in-marib-saudi-press-agency/

Posted by tkl88 > 2020-04-05 18:17 | Report Abuse

DUBAI (Reuters) - The oil ministry of the internationally-recognized, Saudi-aligned government in Yemen said on Sunday the Iran-aligned Houthi group had attacked an oil pipeline pumping station in the province of Ma'rib, the state-run Saudi Press Agency reported.
The pipeline is operated by the Safer oil company, owned by Yemen's Saudi-aligned government, the agency added, without giving details on the attack. A spokesman for the Houthi group was not immediately reachable for comment.

(Reporting by Maher Chmaytelli; Editing by Mark Potter)

Posted by Ravi Kumar > 2020-04-05 23:45 | Report Abuse

Don’t think this is news worthy and any big impact

Posted by ming > 2020-04-06 03:50 | Report Abuse

Brahmal aura got use?

Posted by tkl88 > 2020-04-06 06:19 | Report Abuse

Dow Jones Futures spike up !
As at 6,15 am,
DJI futures at => 21,207.5 (+262.5) (+1.25 percent)

Posted by tkl88 > 2020-04-06 09:20 | Report Abuse

Dow Jones Futures spike up !
As at 9.17am,
DJI futures at => 21,555.0 (+598.0) (+2.85%)

Posted by ming > 2020-04-06 10:19 | Report Abuse

Brahmal brahmal

Posted by tkl88 > 2020-04-06 10:24 | Report Abuse

Oil price wanted to turn green liao !
As at 10.20 am,
Brent => $32.91 ‪(-1.20) (-3.52 percent)
From this morning dropped -9 percent
to now just dropped - 3 percent only !

Posted by GGecko > 2020-04-06 10:27 | Report Abuse

the brahmal factor..indeed, v fast speed

Posted by amircesc4 > 2020-04-06 10:29 | Report Abuse

What happen today? Sell on news, 6 th April?

Posted by GGecko > 2020-04-06 10:30 | Report Abuse

why want to sell, u may not know about brahmal vasudevan; he's the man behind the Creador fund..a new substantial shareholder now

Posted by Jokers2020 > 2020-04-06 10:33 | Report Abuse

yes..go go uzma..

Posted by signalmw > 2020-04-06 10:35 | Report Abuse

Yeaj

Posted by Jokers2020 > 2020-04-06 10:38 | Report Abuse

unload some first due to tomorrow T 2

Posted by Ravi Kumar > 2020-04-06 10:43 | Report Abuse

This guy Brahmal is slick he will sell. He is only holding 5%.

Posted by Jokers2020 > 2020-04-06 10:44 | Report Abuse

yes..0.625 cleared..tqvm

Posted by GGecko > 2020-04-06 10:54 | Report Abuse

a string of positive developments -- 1. the company acquired setegap venture petroleum sdn bhd thru its subsidiary, tenggara analysis sdn bhd. setegap venture petroleum has been positively contributing since it was purchased in 2012. 2. the boss of the company has said earlier this year that this will be the best year for usma in terms of its bottomline. the company indeed never lost money even during the last industry downturn in 2014 when oil price was severely down. 3. Brahmal's acquisition of 1,000,000 shares on 3 Apr 2020, making him a new substantial shareholder with five percent holdings.

Posted by tkl88 > 2020-04-06 10:58 |

Post removed.Why?