Posted by ks5S > 2022-03-04 07:28 | Report Abuse

hibby open gap up today

Posted by james70 > 2022-03-04 07:38 | Report Abuse

"Were disruption to Russian volumes to last throughout the year, Brent oil price could exit the year at $185/bbl." - JPM
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JPMorgan then repeats what Goldman said over the weekend, arguing that given the supply shock and barring a breakthrough in peace negotiations, an immediate demand destruction is the only way to rebalance the market in the short term.

In practical terms, this translates into two cases for the future of oil prices: an ugly, painful case which however does not crash the global economy, and a potentially devastating, global recession (if not depression) inducing one. This is how JPM lays them out:

In the first scenario, JPM admits that so large is the immediate supply shock the bank believes prices need to increase to $120/bbl and stay there for months to incentivize demand destruction, assuming no immediate Iranian volumes. This could result in a 1.2 mbd hit to this year’s demand, bringing 2022 oil consumption 550 kbd below 2019 levels.

The far scarier scenario is one where disruption to Russian volumes lasts throughout the year. In that case, Brent oil price could exit the year at $185/bbl, likely leading to a massive 3 mbd drop in the global oil demand.

Posted by investor2021trading > 2022-03-04 07:55 | Report Abuse

Oil Supply From Libya's Largest Oilfield Suspended

The news of further oil production disruptions in Libya comes at a particularly worrisome time for the oil markets, which are already grappling with scant inventories, booming demand, and an invasion of Ukraine by Russia. Oil prices have responded to those events by climbing to levels not seen in years, with WTI breaching $111 per barrel earlier on Thursday.

Posted by BennyWhittman > 2022-03-04 08:35 | Report Abuse

Sissy Biden still in skirts dare not sanction and place embargo on Russian Oil....hehehe

Oil prolonged high price....Fed Interest Rates hike....Inflation super high.....

Ruble drop more, US$ sky high....China recalls Bonds......USA.....KABOOM!!!

Posted by kakiminyak > 2022-03-04 09:03 | Report Abuse

They prefer to announce earth shattering news on the weekend. Then comes Monday and KABOOM!!!

Posted by BeeNeutral > 2022-03-04 09:14 | Report Abuse

https://oilprice.com/Energy/Crude-Oil/Russias-Oil-Exports-Are-Plunging-Even-Without-Sanctions.html

Posted by Stayhomemum > 2022-03-04 09:53 | Report Abuse

why is bunga raya heading down while oil price still above $110?

Posted by air01557 > 2022-03-04 09:57 | Report Abuse

Iran nuclear deal to be signed within 2 days, then Iranian oil will be in the open market.
That is why oil price took a correction.

Posted by BennyWhittman > 2022-03-04 09:59 | Report Abuse

Please share the link where you read Iran will be back.....

Posted by meistsk3134 > 2022-03-04 09:59 | Report Abuse

tody market red

Posted by meistsk3134 > 2022-03-04 10:03 | Report Abuse

bloomberg have news iran

Posted by izoklse > 2022-03-04 10:30 | Report Abuse

Oil Turns Lower On Rumors Of Imminent Iran Nuclear Deal

https://oilprice.com/Energy/Oil-Prices/Oil-Turns-Lower-On-Rumors-Of-Imminent-Iran-Nuclear-Deal.html

Posted by KingKong_Doll > 2022-03-04 10:47 | Report Abuse

BP n She'll cease operation and left Russia to show their solidarity on the war. I wonder who is next to join them. Can Iran oil replace those loss barrel? Again, I don't nd oil at 100. Around $85 till yr end is damm good already. I just hope rise of oil does not equate the slaughtering of the golden goose in Hibiscus. Better be slow and steady.

Posted by kingkong99 > 2022-03-04 10:59 | Report Abuse

Reuters and Bloomberg blasted headlines suggesting that the IAEA remains unhappy with Iran, which continues to grow its stock of enriched uranium, and remains in breach of many key limits set by the 2015 nuclear deal.

Posted by BennyWhittman > 2022-03-04 11:01 | Report Abuse

In other words....Iran to show Biden middle finger.....again.

Posted by BennyWhittman > 2022-03-04 11:02 | Report Abuse

Or they may get Treaty signed, start Nuclear program but deliver lesser and slower shipments of Oil....hehehehe....either way.......middle finger.

Posted by kingkong99 > 2022-03-04 11:02 | Report Abuse

Iran is already selling most of its product to China. So no big deal for Iran for anyimmediate Nuclear deal.

Posted by BennyWhittman > 2022-03-04 11:03 | Report Abuse

With Europe shunning Russian supplies, the Supply and Demand Curve for Oil is in favor of Suppliers...........Buyers will still spike oil prices.

Posted by BennyWhittman > 2022-03-04 11:04 | Report Abuse

Of course, Iran has been supplying Oil even in black market conditions via Turkey and receiving payments thru Chinese Banking Systems out of SWIFT.

Posted by williamtkb > 2022-03-04 11:35 | Report Abuse

Today red red sea.... Yesterday had sold all. Today no intention to buy. Waiting Operator sell lower.

Posted by Squirtle > 2022-03-04 11:42 | Report Abuse

All is scare nuclear is bomb

Posted by richmao > 2022-03-04 12:12 | Report Abuse

Just care la, seem it at distribution stage, keep refill by seller. which is not good sign, perhaps i'm wrong, just pandai pandai take some profit if got. as you can see. Oil up move a bit, Oil drop , price drop sharply.

Posted by ks5S > 2022-03-04 12:38 | Report Abuse

hibby rebound after lunch

Posted by BoomBerg > 2022-03-04 14:24 | Report Abuse

If stocks fall solely due to threat of Nuclear war, buy the dip
1)If Nuclear war doesn't happen then you make some handsome profits
2)If Nuclear war happens then you won't need any money
04/03/2022 2:23 PM

Posted by 8899EL8899 > 2022-03-04 14:43 | Report Abuse

oil price not falling today,......why hibisc falling so much?........where is the big shot?,.....

Posted by ankahill > 2022-03-04 14:47 | Report Abuse

IDSS

Posted by williamtkb > 2022-03-04 14:59 | Report Abuse

Oil price rebound already. Once stable above USD110 will go higher.

Posted by dchin472 > 2022-03-04 15:02 | Report Abuse

stupis syndicator keep shorting

Posted by BeeNeutral > 2022-03-04 15:11 | Report Abuse

It mentions in the article that "The plant?s reactors are protected by robust containment structures and reactors are being safely shut down.?

https://www.cnbc.com/2022/03/04/russia-ukraine-latest-updates.html?__source=androidappshare

Posted by BennyWhittman > 2022-03-04 15:15 | Report Abuse

Seeking intervention from UN Nuclear Control Counsel la.........set fire to Training areas and blame Russia..........Nuclear plant is safe and sound......no leakage, no contamination.......seeking sympathy and HELP!!!

Posted by SinbaLion > 2022-03-04 15:18 | Report Abuse

please go below 1.2 to collect more! lol....

Posted by BennyWhittman > 2022-03-04 15:19 | Report Abuse

NATO cannot help Ukraine.........UN cannot help Ukraine......BUT UN Nuclear Control can help before disasters.........calling for HELP.......

Posted by BennyWhittman > 2022-03-04 15:20 | Report Abuse

Below 1.20???? Unlikely as said last week even before Oil spike above $110.......but Trade at your Own risks....

Posted by richmao > 2022-03-04 15:29 | Report Abuse

monitor closely , price keep refill and buyer keep disappear by one button, so you know i know , just care if you aim for better tp

Posted by Stayhomemum > 2022-03-04 16:02 | Report Abuse

woah, fall below 1.20

Posted by rr88 > 2022-03-04 16:03 | Report Abuse

Ho ho ho....horlicks
Told u dy

Oil otw down 120 =>110=>100=>90=>80

1.28/1.32 = penthouse unit holders for life

Posted by Baby Shark > 2022-03-04 16:05 | Report Abuse

Whiteman.. why turun so teruk ?

Posted by value_seeker > 2022-03-04 16:09 | Report Abuse

rr88, you are most inaccurate. Penthouse will be north of 2. Could be 3,4,5,6,7,8.
Hibiscus most likely will break 2 and will speed above 2.5 Ringgit.

Posted by BennyWhittman > 2022-03-04 16:19 | Report Abuse

Sharkie.......you were saying????? Sharp drop???? Don't see it la. Still 1.22

Posted by Baby Shark > 2022-03-04 16:21 | Report Abuse

Yes boss.. I start takut

Posted by Abang Mad > 2022-03-04 16:21 | Report Abuse

Rebound now

Posted by BennyWhittman > 2022-03-04 16:24 | Report Abuse

Sharkie, I more takut la........sold everything, even sold underwear, bought Hibby at 80-90c.......

Posted by Abang Mad > 2022-03-04 16:26 | Report Abuse

Jgn takut bro....It's coming hehe...

Posted by BennyWhittman > 2022-03-04 16:31 | Report Abuse

When I think and looked at the next QR with EPS........I fainted!

Posted by Baby Shark > 2022-03-04 16:32 | Report Abuse

Abang .. luit you tahu ka, ask me don;t takut

Posted by Abang Mad > 2022-03-04 16:35 | Report Abuse

haha...apa itu? sy tala tahu....

Posted by BennyWhittman > 2022-03-04 16:39 | Report Abuse

Price to consolidate at 1.22 to 1.27...good for strong foundation....as mentioned last week, we didn't take profits even at 1.29-1.30 or yesterday 1.30

Posted by Newbie_123 > 2022-03-04 16:56 | Report Abuse

strong rebound

Posted by BeeNeutral > 2022-03-04 17:31 | Report Abuse

https://klse.i3investor.com/web/blog/detail/kianweiaritcles/2022-03-04-story-h1599440095-Oil_rebounds_as_escalating_Ukraine_conflict_hits_supplies

Posted by dchin472 > 2022-03-04 18:51 | Report Abuse

2billion of pp omg how do u guys think bout it