Saudi Arabia will not have additional capacity to increase production above the 13 million bpd it has pledged to have by 2027, Saudi Crown Prince Mohammed bin Salman said last week.
Referring to oil supply to global markets, the Crown Prince said that “The Kingdom will do its part in this regard, as it announced an increase in its production capacity to 13 million barrels per day, after which the Kingdom will not have any additional capacity to increase production.”
More Russia and perhaps Iranian oil too flooding the market. Crude price will fall ! It’s the West’s sanction compromise to bring oil /inflation down quickly.
Europe is very divided on Russia now. EU is loosening sanction on Russia. More sanction loosening will come . More crude oil and gas will go to the market to dampen price and ultimately bringing down inflation which the West desperately wanted it to happen!
Russia sanctions have not shaken Moscow's resolve, despite the fact that Europe has already lost four governments due to economic and political crises, according to Hungarian Prime Minister Viktor Orban on Saturday.
"The West's strategy is like a car with flat tires on all four wheels... The sanctions did not destabilize Moscow. Europe is in trouble, economically and politically, and four governments have become victims: UK, Bulgarian, Italian, and Estonian… People will face a sharp increase in prices. And the better part of the world deliberately did not support us as well — China, India, Brazil, South Africa, the Arab world, Africa — everybody is aloof from this conflict, they are interested in their own affairs," Orban said while delivering a speech in the Romanian city of Baile Tusnad.
Orban went on to say that the Ukrainian conflict will "put an end to Western hegemony, which could unite the world against someone," and that a "multipolar global order" will "knock on the door."
Former British Prime Minister Tony Blair considered Saturday that Western political and economic dominance is coming to an end and there will be a new bi-polar or multi-polar world order with China playing a major role.
During his annual Ditchley lecture on Saturday, Blair said that "For a large part of the Western population, living standards are stagnating, millions are struggling with basic necessities, and inflation is set to cause real wages to fall."
World 3 largest oil producers siapa dia. If saudi has limited supply. US limited export mostly pun own used juga. Russia oil kena sanction. Mana nak dapat minyak. If you kira kira using calculator pun tau. No answer lah. World no 4 no 5 no 6 no 7 producers pun not much can produce also leh. China own usage pun tak cukup need to import alot some more. Iraq n Iran juga need beg them. Iran pun kena sanction juga. Canada ok lah maybe can spare abit. Then how lah. How lah. Short supply will never end lah. Haiyoh. Correct?
No way to remove Russia from the oil supply chain without affecting the oil price lah. Keep dreaming sanction will destroy Russia lah. Russia ada 2 important weapons lah. Oil and food lah. Now pun kurang how can destroy Russia lah. Who can survive with high oil and food price. Koboi n allies still dreaming kah. Sudah 4 gorments collapsed already lah. More to come lah. Haiyoh. Correct?
Europe is very divided on Russia now. EU is loosening sanction on Russia in exchange of more oil flowing into global market. More sanction loosening will come . More crude oil and gas will go to the market to dampen price and ultimately bringing down inflation which the West desperately wanted it to happen. Just beware oil is crushing with more supply amid severe economic slowdown.
While a drop in oil price is certainly good news all round, expectation that it will return to mid tens would be misplaced. OFC, another lock-down like 1Q2020 might happen, it is a rather low probability event (except in China). Do note that CPO has fallen back to near normal as well as most other commodities (including grains). Thus, going forward, pressure on food prices should be down rather than up. This would mean oil demand will return to an uptrend. Already at usd >80 is profitable, now at >100 (for next couple of years) is super profitable. Current sentiment of demand destruction / recession (already in the west) could turn pretty fast to supply not meeting demand. Supply not meeting demand has not gone away all this time and will remain so for next 3 years at least. In addition, this will be the first time that spare capacity will all be used up as illustrated by Saudi only able to increase CAPACITY (NOT production) to 13mbpd by 2027.
As long Russia kena sanction lagi by koboi n allies. Oil price will no go very low lah. Putin is retaliating with oil control. No one can make the price lower also mah. All also know demand is more than supply baru oil price tak turun mah. Who can fill Russia oil n gas supply now. Russia is top 3 producers leh. Not kucing kurup oil producer leh. Takda lah. Haiyoh. Correct?
Esok apa macam the pendek still want to play lagi kah. Ingat pun will continue lagi leh. Pendek Oh Pendek jangan terlalu sibuk sangat pendek lagi leh. Haiyoh. Correct?
See for yourself what this monkey MM said ! Don’t be trapped by him . He is desperate to offload his share !
He said in 100 times in Hengyuan forum that crude is collapsing as the Russia war is ending soon. Those who visited Hengyuan forum know that although he has deleted those comments afraid of backlash. Beware of this cunning idi0t —————— Posted by MoneyMakers > 1 month ago | Report Abuse
Truth is nobody knows Q2 profit b’coz nobody knows HY’s hedged price..thats why everybody got Q1 wrong
See US oil stocks alot alrdy DROP 25%/30%..everyone alrdy taking money OUT b’coz this is tail-end of war
Why bring HY until here lah. HY is downstream leh. Bungaraya is Upstream leh. Tak sama cerita leh. Oil price high directly affect Bungaraya earning leh. Not necessary will improve HY earning leh. Mau tau the the different leh. Sifu pun ada teaching leh. You dunno kah. Haiyoh. Correct?
Those still ada HY saham one need jaga jaga leh. Coming QR may not be so rosy leh. Sifu ada kasi tau leh. Mau caya leh. Mau caya leh. Insider news one leh. If not korek dont blame sifu ok. Sifu ada buat pesanan already. Ular only jadi loud speaker nia nia leh. Correct?
All commodities has slumped 30-50% in recent months! Crude oil will be no exception. Don’t get trapped by MonkeyMakers who desperately wanted to offload to you .
Dont forget Biden still supply weapons to Ukraine want to prolong the war leh. Now even considering supply fighter jet to the joker leh. If really like this no end of the war lagi leh. Haiyoh. Correct?
Posted by Johnzhang > 2 minutes ago | Report Abuse
Beware of this MonkeyMakers! See what he said before. Don’t get trapped by him . Posted by MoneyMakers > 3 weeks ago | Report Abuse
Rus alrdy control 90% Donbas region..wont be long b4 declare victory + oil collapse (no more war premium)
MM ada berapa saham. The red army legion ada 1500 red armies standby to pick up leh. Haiyoh. Correct?
Posted by Johnzhang > 1 minute ago | Report Abuse
All commodities has slumped 30-50% in recent months! Crude oil will be no exception. Don’t get trapped by MonkeyMakers who desperately wanted to offload to you .
Now ular want to survey lah. Siapa pun boleh answer if you are those like to do tukangtilik job one lah. Boleh?
What will be Bungaraya coming QR net earning. Net earning itu net profit lah. Tak kira apa macam dapat punya lah. Exch gain or loss. Negative goodwill kah. One off gain kah dll. All kira also lah.
1. YAB -- berapa juta? 2. MM -- berapa juta? 3. Bobby -- berapa juta? 4. 5.
You really think Biden will want to end the war meh. Koboi is losing influence everywhere mana want to end the war and let Russia so easily to control the region kah. That day at middle east pun cakap wont leave middle east to let China Russia and Iran to fill up the vacuum at middle east region leh. If koboi left ukraine Then putin is gaining more influence on eastern Europe leh. Itu koboi can tahan losing the grip kah. Face pun losing leh. Koboi see face more important leh. Superpower lost the war at Ukraine again. So memalukan leh. Next time 3rd world country pun can challenge the Superpower nanti leh. Haiyoh. Correct?
The American and European facing serious Ukraine war fatigue. They will soon dump Ukraine and war will be over soon . More crude is flooding the market when global economic slowdown is happening. Crude going to fall drastically. MM has confirmed this 100 times .
Last Friday KLCi surged 15.4 points with most counters up. But Hibiscus is down. This is a worrying sign . MM is correct that crude oil is going to collapse!
Following the UK's oil windfall tax, investors should prepare for policy headwinds
Thursday the UK announced plans to introduce a 25% windfall tax, on top of a complex tax and royalty system that already charges producers 62-81% of pre-tax profits. While most major oil companies have limited exposure to the UK North Sea, increased policy interference in other countries could impact energy share prices. An important consideration for energy investors as politicians attempt to navigate record prices at the pump.
The Sabah state government recently demanded Hibiscus to pay a total sum of RM97.3 million, comprising RM66.0 million in sales and service tax (SST) and RM31.3 million in penalty incurred for late payment.
Triple whammies for Hibiscus. Crude collapsing soon, windfall tax by British authority and Sabah’s existing $100 mil SST issue and future recurring SST payment!
Sorry Johnzhang, you are full of it. What u have said is completely incorrect and farcical.. Stop sowing seeds of fear.. Find another forum with those who don't know.
Who is the real liar who spread faked news and repeat them all the time ? MoneyMakers is the real shameless liar here. Never in my life see so low class shameless liar here.
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paktua73
18,415 posts
Posted by paktua73 > 2022-07-23 08:37 | Report Abuse
satu hari dikelas p7 darjah 9
morning murid-murid..
today home work for bungaraya..
predict rally pattern..
rally pattern index
base on Friday closed
60/80 to180/200(uprrend)
20/40 to 60/80(downtrend)
of break 0.78
range rally will play around
rally pattern index
220/240 to 40/60
ini minggu depan yer..
jangan malas buathome work..
tut tut
cikgu duduk n tido
hehehe