Hello. Tidor lagi ka? Still sleeping? => Fact: Russia is scaling down its ukraine war to southern border. => Oil will drop to usd85 because of the above fact => Hibiscus will drop to 0.82 because oil will drop from usd114 to usd85.
Brent crude futures fell more than 3% toward $116 per barrel on Monday, erasing a 1.4% gain in the previous session, in anticipation of a drop of fuel demand in China after authorities in Shanghai said they would shut the country’s financial hub to carry out Covid-19 testing over a nine-day period. Shanghai’s city government said Sunday public transport, including ride-hailing services, will be suspended during the lockdown, adding that unapproved vehicles will not be allowed on the roads. It also said that all companies and factories will suspend manufacturing or have people work remotely. The moves followed an 11.8% jump in oil prices last week as markets grappled with supply disruptions caused by sanctions against Russian energy, damage to a major pipeline in the Black Sea and militant attacks on Saudi oil facilities. Meanwhile, investors also weighed failure within the EU to ban Russian oil imports on opposition from Germany and others reliant on energy exports from the country.
@rr88 Even at USD85, Hibiscus should do better than last quarter result of RM48mil (excluding Repsol asset). Last quarter average crude oil sold below USD75pbl.
Wrote a length msg but see the quack here, sudah lah. Day in day out shout oil price drop but then if really drop, did you gain from it?. No nd answer me Le. Answer truthfully to urself is good enough. I do wish oil price drop to between $80 to $90 and stay there st for few yrs. Too high invite too many investor to drill new well which will eventually lead to oversupply
IB accumulating ticket...if you notice...the ticket less and less...a lot ppl keeping the ticket...oil drop from USD120.65 to USD108 ticket also not much thrown..u see very little volume for past few days
Told u dy. Ukraine-Russia negotiation in turkey ended with ceasefire coming. Oil dived on this news. Ceasefire => Peace agreement => Oil limit down => hibiscus limit down. Habis lar...
Though most of us profit from this high crude oil prices, many people are suffering from the ripple effect of this inflationary pressure. Seems all the peace talk offered by Russia are distraction to mask their true intention to attack Ukraine when they let their guard down. Looking forward, this war may escalate beyond 2022 and the probable of high crude oil of USD100 pbl may seem like New Normal.
(March 30): Vitol Group saw profit jump to a record last year as a rebound in energy demand and a supply squeeze in Europe sent fuel prices higher.
The world’s biggest independent oil trader had net income of just over US$4 billion in 2021, a person familiar with the matter said, asking not to be identified because the number isn’t public. That profit, as yet unaudited, dwarfed 2020 levels of around US$3.2 billion.
LONDON (Reuters) -Oil prices plunged on Thursday on news that the United States was considering a 180 million barrel release from its Strategic Petroleum Reserve, the largest in the near 50-year history of the SPR.
The US pressing the oil price down. What do you expect. Down la. Slowly2 down n when ukraine n russia strikes peace deal, oil will free fall to usd80++, hibiscus will free fall to 0.80++. No need a rocket scientist to figure this out. Clear for all to see. Unless you r an edyot.
Maybe pursuing his own investment interest. Take example of abdul jalil abdul rasheed , ex-CEO of BJCORP. Bought when joining the company, sold after resigning. Nothing related with company's fundamental.
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derrtan
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Posted by derrtan > 2022-03-26 22:30 | Report Abuse
https://www.investing.com/news/commodities-news/eus-borrell-says-nuclear-agreement-with-iran-very-close-2792368