U.S. Energy Secretary Jennifer Granholm confirmed that scientists achieved a reaction that created more energy than was used — known as a net energy gain — at the federally-funded Lawrence Livermore National Laboratory in California.
“Last week at the Lawrence Livermore National Laboratory in California, scientists at the National Ignition Facility achieved fusion ignition,” Sec. Granholm said. “It’s the first time it’s ever been done. … Simply put, this is one of the most impressive scientific feats of the 21st century.”
This year is the year of the Water-Tiger. The Tiger is the third animal in the Chinese zodiac and represents power, courage, confidence, leadership and strength. The Water Tiger year is all about forming bonds with others, taking risks, and having fun. This year, we’ll all want to meet new people and have new adventures. Because Tigers have strong wills, this means parties, excitement, and rule-breaking for people in 2022.
On the flip side, financial markets will rise and fall, with Tigers being known for their dangerous moves. Those who pay attention, however, will reap the benefits, just as the animal follows its prey. This year’s energy will be released in bursts, followed by intervals of silence. The Tiger, like any other house cat, enjoys napping, and when they awaken, the fun begins again!
Many Feng Shui expert believe Year of Water Tiger 2022 will have positive prosperity affinity to Metal, wood and water element. The Wood element exactly symbolizes growth and activities. Hence economic growth will return and the stock market will become very active. The water wood element of 2022 is expected to bring prosperity to metal industries, this is because metal conquers wood, so the wood element is a symbol of money to the metal industry.
Metal are related to Financial Services and Crude oil as black metal because it extracts from the soil like any other metal, the element is Metal. We have seen crude oil stocks has perform well in 2022.
Wood are related to Plantation and Technology, Electronics, Filming, Engineering, Distribution, Hospitals, Education, Scientific Instruments ...
Water are related to Communication, Manufacturing, Medical, Media, Advertising…
Let see whether this Water Tiger can take down the Bear...
Lets see how KLSE will do today and tomorrow . QWH on 16 dec. Expect major volume on key KLSE stocks. China reopening since last week has seen momentum in domestic travels . Expect oil demand to increase. US will buy back nearly 200 million barrels from the current strategic reserves of <400million barrel. Normal reserves is >600million. No more spare tank and is a national security risk. Feds increase 0.5 % but hint it might increase final/terminal rate beyond 4.75% in 2023 and slightly spoke US markets. With all this, OnG should be on a bullish momentum.
Supply shortages and insufficient investment in new supply will result in a bumper year for commodities in 2023, Goldman Sachs says, expecting the S&P GSCI commodity index to post a 43% return next year.
Commodities are set to be the best-performing asset class in 2023, the bank’s strategists said in a note.
“From a fundamental perspective, the setup for most commodities next year is more bullish than it has been at any point since we first highlighted the super-cycle in October 2020,” Jeffrey Currie, global head of commodities research at Goldman Sachs, wrote, as carried by The Australian Financial Review.
The first quarter of 2023 could be more underwhelming than the rest of the year due to the expected slowdown in economies, but the low levels of investment in oil, gas, and key metals will continue to underpin what Goldman has called a new supercycle in commodities.
The drop in Brent Crude to the low $80s is likely temporary, according to the Wall Street bank, which says that oil market participants could be too pessimistic about China’s demand.
Key metals necessary for the energy transition are also set for a bull run amid expected shortages in the coming years, Goldman and industry giants say.
Earlier this month, mining and commodities giant Glencore said that a huge shortage of copper is looming while significant mine development is lagging.
According to Glencore’s estimates, under the net-zero emissions pathway of the International Energy Agency (IEA), the world will be more than 50 million tons short of copper between 2022 and 2030.
Moreover, Goldman Sachs also said in early December that copper prices were set for a new record-high next year amid an “extremely” tight market. Next year, Goldman expects copper prices to top the current record-high of $10,845 per ton that it hit in March 2022. It raised its 12-month price target to $11,000 a ton from $9,000 per ton.
President Biden released SPR reserve purposely to cool down the rising oil price. Now, he planned to purchase or refilling back SPR...wondering what will happen to the oil price (supply vs demand), up or down.
In its latest monthly report, OPEC revealed it had yet again failed to produce as much oil as it agreed to produce the last time it discussed output. And it wasn’t by a few thousand barrels per day, either. The shortfall was some 1.8 million barrels daily, but more importantly, that sort of undershooting of its own target has become a regular thing for the cartel.
Meanwhile, the United States federal government needs to buy some oil for its strategic petroleum reserve after releasing close to 200 million barrels from it this year as a way of countering fuel price inflation. Yet U.S. drillers are not in a rush to boost production. On the contrary, it seems production growth has lost its place among these companies’ top priorities.
Of course, there are also the sanctions against Russia, which many expect will hurt the country’s oil production, and that may well happen, but it has not happened yet. In fact, the oil sanctions—in the form of a price cap on maritime exports and an embargo on exports to the EU—have had no effect on oil flows out of Russia. For now.
Investment banks expect higher oil prices, despite a recent slump prompted by expectations of an economic slowdown pretty much across the globe. The expectations, now beginning to seep into trader circles, too, are largely based on China’s reversal of its zero-Covid policy. But they also probably take into account the fact that oil remains an indispensable commodity. And the era of cheap oil may well be over for good.
FTSE4Good Bursa Malaysia (F4GBM) IndexFTSE4Good Bursa Malaysia (F4GBM) Index
Environment, Social and Governance (ESG) criteria is increasingly becoming an important part of investment and risk management decision process. Launched in December 2014, the F4GBM Index is aimed to:
• Support investors in making ESG investments in Malaysian listed companies;
• Increase the profile and exposure of companies with leading ESG practices;
• Encourage best practice disclosure; and
• Support the transition to a lower carbon and more sustainable economy.
In July 2021, Bursa Malaysia and FTSE Russell launched the FTSE4Good Bursa Malaysia Shariah (F4GBMS) Index to cater to investor demand for ESG and Shariah-compliant index solutions. The F4GBMS index is designed to track constituents in the F4GBM Index that are Shariah-compliant.
China Stocks Climb on Covid Shift The Shanghai Composite rose 0.4% to around 3,078 while the Shenzhen Component gained 0.5% to 11,035 on Tuesday, rising for the second straight session after China announced that it will end quarantine requirements for inbound travelers starting on Jan. 8, sparking hopes for a faster economic recovery. Investors also digested data showing industrial profits in China fell 3.6% year-on-year in the January-November period, reflecting economic disruptions brought by Covid restrictions. Property, industrial and commodity-linked stocks led the charge, with strong gains from Gree Real Estate (2.3%), SHN Zhenye (8.6%), China State Construction (1.7%), Zhejiang Construct (4.5%) and Shandong Chiway (5.6%). Other heavyweight firms also advanced, including Sungrow Power (3.8%), Xi'an Catering (4.9%), People.cn (1.6%), Shenzhen Infinova (6.8%) and Shaanxi Jinye (9.9%).
Putin bans oil supply to countries that comply with G7..
Having promised that it would reveal its response to the recently implemented by the G7 price cap on Russian oil exports, moments ago the Kremlin did not disappoint, and as the WSJ reports, Russian President Vladimir Putin banned the supply of Russian oil and oil products to countries that impose a price cap, allowing deliveries to those nations only on the basis of a special permission from the Kremlin leader.
More shortage in oil & gas supply. This is very good news for O&G. Rigs service will be booming like hot cakes. Grab grab while still low...
Out of 7 stocks that Warren Buffet invested 2 from O&G sector (Chevron & Occidental). Meanwhile buffet is making tons of money while Bezos and Elon losing billions. Buffet is investor not inventor, so he knows all about stock market from A to Z. Buffet won't simply buy unless intrinsic and future values of particular stock is very good.
New Delhi: Shapoorji Pallonji Oil & Gas (SP O&G), announced it has achieved a milestone of “hook-up” for its Floating Production Storage and Offloading Unit (FPSO) Armada Sterling V at KG 98/2 block, offshore Kakinada.
The FPSO Armada Sterling V reached Cluster 2 of ONGC’s KG 98/2 block on the east coast of India on 15 December 2022, having left from Sembcorp Marine shipyard, Singapore.
"On 28th December 2022, India’s largest FPSO was safely hooked up. She is now prepared to receive hydrocarbons from the field for processing. Despite challenges due to inclement weather, hook-up was achieved in one of the fastest lead times," the company said in a statement.
@Robert hook up is completed. Only commissioning remains. Based on Bumi Armada's past FPSO, it takes roughly 2-3 months from the time the FPSO departs the yard to first oil. Hence why I said first oil should be due for the Armada Sterling V within the next month or two.
Thanks for update, Niki. I work in oil and gas, and my last floating projects took months to commission. One about 2 years, and still faces shutdowns. But sure I hope for a quick first oil for BAB. To the first cargo drop soon
Sail away from Singapore: 18th Oct 2016 First oil in Angola: 16th Feb 2017
The vessel was Bumi Armada's largest then, and had to sail from Singapore all the way to Angola. From the time it sailed away from the yard to the time it achieved first oil, it took just under 4 months.
Of course on the other hand you have Armada Kraken which took a whole lot longer, but then again that was a unique scenario given the well documented issues with the FPSO there, not the least of which was the challenging heavy oil required to be lifted.
Thanks for a good example. From my experience, I spent more than a year offshore trying to start up a facility, and it was NOT even ready for start up when I moved to a new project. Fingers crossed for armada sterling 2. Company needs a positive story for new contracts. Suing a client does not win hearts. Let's hope for a change of narrative.
US inflation data on Thursday. Many predicted inflation rate will continue to improve and FEDs to slow down the rate hike by only another 0.25. If that happens dollar index will continue to drop and oil price will technically increase. Lets see how it turns out. Armada seems to go up and down based on oil price and not on what contract they secure...this is how it works short term.
Vietnam Vietnam Production Production in 2022 from the TGT and CNV fields net to the Group’s working interest averaged 5,418 boepd (2021: 5,560 boepd). This is in line with the 2022 production guidance.
TGT production averaged 13,784 boepd gross and 4,089 boepd net to Pharos (2021: 13,887 boepd gross and 4,120 boepd net). CNV production averaged 5,317 boepd gross and 1,329 boepd net to Pharos (2021: 5,762 boepd gross and 1,440 boepd net).
Vietnam production guidance for 2023 is 4,700 to 5,700 boepd net.
Vietnam Development and Operations On Block 16-1 – TGT Field, the drilling programme for two development wells completed in H2 2022, on time and under budget. The first well, H1-35P, commenced production on 21 October 2022, and the second well, 11XPST, commenced production on 10 November 2022.
Additionally, the JOC continues to execute an active well intervention and data-gathering programme on TGT to further optimise production.
On Block 9-2 – CNV Field, one development well, CNV-2PST1, started drilling in H2 2022 and is anticipated to be completed by the end of January 2023.
For the 2023 work programme, the JOCs are working towards submitting Revised Field Development Plans (RFDPs) for two wells on TGT and one on CNV, with all wells remaining in contingent budget until approval by partners and the Ministry of Industry and Trade (MOIT). Production guidance has assumed no contribution from these wells in 2023.
head and shoulders pattern forming, might see a reversal . Short term reversal, then side ways . US is planning on buying back oil to replenish their strategic reserves. They will manipulate the market for it to drop to near 70s (WTI) before buying back. Expect some downward pressure before any potential to go up further.
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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....
Macgyver11
2,492 posts
Posted by Macgyver11 > 2022-12-13 13:43 | Report Abuse
Fusion energy ha...lol!