1) Organization of the Petroleum Exporting Countries and their allies to stick to their current agreement, as expected, to raise monthly crude production by 400,000 barrels per day until December.
2) Weather forecast experts said this winter expected more cooler then previously.
3) Coal demand and supply crisis all around the world
4) World crude storage depleting rapidly as world begins reopen back Economy.
5) Covid cases plummeted dramatically as Vaccination reaches higher rate YTD. Even in Malaysia we're going for third Vaccine (booster vaccine)....amazing kan kan
6) Soon Tourism businesses will be flourishing and that means demand for Airlines fuels will sky rocketing..
7) And last but not least...inability of green energy to replace the fossil fuels yet (maybe later in near future but not for now...eeemm)
What all indicates...higher fossil fuel price. Walaoeh!! Super qtr for Armada coming soon....
Brent also have pulled back a bit during the session, but at this point in time it is likely that the $80 level will continue to be important, so therefore I think it is probably only a matter of time before we see buyers jump back into this market and push it back up. Quite frankly, I think this is a scenario where the value hunters will continue to come into this market and pick up “cheap oil” every time they can. I have no interest in shorting this market, I think we are light years away from being able to do so. Granted, this candlestick does not look that great, but we are already starting to see some of the short-term charts turn around a bit, so I would not be surprised at all to continue to see plenty of bounces along the way.
"The Brent crude benchmark will hit $120 per barrel by the end of June 2022, Bank of America said in a research note this week, cited by Bloomberg"
Always in superlatives to "shiok sendiri". Oil hit $120 in JUne 2022 how is it helping to make the Armada vessel move now. By the time captain speedy arrive in Timbaktoo plantations ,the 120 barrels of oil unlikely to arrive. Better to Unload and buy new vessel.
After the opec+ announcement, crude dropped around five bucks.
As I said, that is a classic “buy the rumor, sell the fact” kind of thing given the run up in the morning that preceded the end of the meeting but, in the context of a market where supply remains restricted and demand is increasing, it makes little sense. Over the next couple of months, those basic facts of supply and demand look like remaining in place so, even though the OPEC+ announcement resulted in a drop in crude, I remain bullish, if a little more confused than I was before, at least until the end of the year.
Air France—KLM, noted the reopening of Canada and the U.S. for European citizens, and the reopening of Singapore. Lufthansa said this week that at the end of the third quarter, new bookings had already reached around 80 percent of the 2019 level.
The recent US policy change to reopen travel from 33 markets for fully vaccinated foreigners from 8 November is a welcome, if long overdue, development. Along with recent re-openings in other key markets like Australia, Argentina, Thailand, and Singapore, this should give a boost to the large-scale restoration of the freedom to travel,” said Willie Walsh, IATA’s Director General.
The recent US policy change to reopen travel from 33 markets for fully vaccinated foreigners from 8 November is a welcome, if long overdue, development. Along with recent re-openings in other key markets like Australia, Argentina, Thailand, and Singapore, this should give a boost to the large-scale restoration of the freedom to travel,” said Willie Walsh, IATA’s Director General.
Brent Market pullback to 80pb last Friday in align with Joe biden press released that he going release SPR stock to bring the natural O&G price down. SPR is USA national emergency oil reserve that only can be use during nation having supply shortage or kind of that.....
3. How have presidents tapped the reserve?
Beyond ad hoc responses to localized oil disruptions, the U.S. has only tapped its oil reserve a handful of times. In 2011, President Barack Obama released 30 million barrels as part of a joint effort with other nations to counter supply disruptions from Libya. In 2005, President George W. Bush released 11 million barrels in the wake of Hurricane Katrina. And in 1991, under President George H.W. Bush, 17 million barrels were released during the first Gulf War. In 2017, the Energy Department authorized the release of 5 million barrels to Gulf Coast refineries when Hurricane Harvey wreaked havoc on the region. Such arrangements are designed to address short-term emergency needs, and the crude is repaid, in kind, at a future date. Test releases take place from time to time, as well as limited releases in the form of swaps.
What going to happen next?
Will Biden release SPR stock to easing down oil price...
The U.S. Department of Energy said all "tools are always on the table" to tackle tight energy supply conditions in the market.
The department made the comment amid questions about whether President Joe Biden's administration is considering tapping into its Strategic Petroleum Reserves (SPR) or pursuing a ban on oil exports to bring down the cost of crude oil.
Meanwhile, Biden's national security adviser urged energy suppliers to lift flows to meet demand, saying that the United States is concerned about their failure to do so.
The United States has used its strategic reserves on occasion, usually after hurricanes or other supply disruptions. However, since ending a 40-year ban on crude exports in 2015, the nation has become a significant exporter, and has not broached cutting exports.
Earlier this week, the Organization of the Petroleum Exporting Countries and allies (OPEC+) agreed to raise output only gradually, sending crude prices to multi-year highs.
Plantation Weather is so Beautiful. CPO OVER RM5,000!. All Mabel collection of Plantation in Malaysia, Singapore and Indonesia are so GREEN, FRESH and Lovely...just like Mabel's skin. Thanks to Mabel's Body Shops, Shampoo and Perfume. So Happy that our Investment in Plantations are able to feed 8 billion people across the planet. So happy to celebrate with our Indian friends this week from all over the world, Diwali the Festival of Light. Foods was delicious as my Indian friends cook their foods using Mabel Palm Oil. Mabel had a great time.
NEW YORK: Airline reservations to the United States took off immediately after the White House announced the country would reopen to all vaccinated international voyagers starting next week, compelling a welcome -- if challenging -- industry pivot.
The long-awaited US move to welcome back international travelers -- which takes effect Monday -- follows 18 months of restrictions for 33 countries during the worst of the coronavirus pandemic that separated families, impeded business travel and frustrated tourists.
Indeed. Today all Mabel Armada Fleets of Battleships, Supertankers and Jet Fighters are cruising full speed and they have abundance of Fossil Fuel and Biofuel Supply to serve them to fly even to the moon. These Armada Fleets of fighters will be supported with Mabel's High Techs Missiles. Friday was a Fantastic day for all Techs. Mabel's Techs collection like MPI, Greatech, Vitrox, Inari, Penta etc etc were doing well.
...at Wall Streets...
Mabel's collection in Wall Streets did even better as Dow Jones and Nasdaq hits all times last week at 36,157 and 15,951 respectively. Some experts are targeting DJ to hit 42,000 by Q1 2022. Melt up is on target.. Even STI has already hit 3245 last week..
Stocks rallied to fresh record highs Friday following a stronger than expected jobs report that showed 531,000 jobs added in October and a revised gain of 312,000 in September. All three major market indexes closed at new all-time highs, even after a late drop in tech stocks weighed on the final Nasdaq number.
Pfizer said interim data showed its COVID-19 pill reduced the risk of hospitalization or death by 89%, which boosted classic reopening plays such as airlines and cruise ships. And positive momentum carried over from the Fed's signal this week that inflation is "transitory" and likely would not require a fast rise in interest rates.
For the week, the S&P 500 gained 2%, pushing its year-to-date gains to 25%, the Dow added 1.4%, and the Nasdaq rallied 3.1% for its best weekly showing since April.
This counter has many ifs and buts, if you are not losing do a swap.Day range 1 sen/2 sen at most. Focus on Hibisc. You'll make more money short term. Collected some more this morning 0.875. Some big sharks collected loads of it at about noon, shoot to 0.905. Plan to release in a day or two. Good money.
Heavy snowstorms hit northern side of china press reported. This year first show comes early then expected and temp in most area drops 8 to 10c...said Chinese meteorologists. Bone-chilling winter.. ghee!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Limitupppp
157 posts
Posted by Limitupppp > 2021-11-04 04:49 | Report Abuse
But its not gonna affect armada bcoz it midstream