The next named storm could become a monster hurricane in the Gulf of Mexico CNN Expansion Atlanta December 2021, 1089972Jennifer Gray By Judson Jones and Jennifer Gray, CNN meteorologists
Updated 1127 GMT (1927 HKT) September 22, 2022
(CNN)Hurricane Fiona is the strongest hurricane of the Atlantic season, and now forecast models show a developing storm system could become a monstrous threat to the US Gulf Coast by next week.
An area of disorganized activity a couple hundred miles east of the eastern reaches of the Caribbean Sea will likely become the next tropical storm -- named Hermine -- in the next few days, maybe even the next few hours, according to the National Hurricane Center. This small cluster of storms has meteorologists' attention because both American and European forecasting models have consistently showed them developing into a tropical system and entering the Gulf of Mexico -- though the models don't have the best track record when forecasting that far out.
Oil prices rose in early Asian trade on Friday on the prospect that a stalled Iran nuclear agreement and Moscow's new mobilization campaign in its invasion of Ukraine would further restrict global supplies.
Brent crude futures BBRN1! gained 16 cents, or 0.2%, to $90.62 per barrel by 0020 GMT, while U.S. West Texas Intermediate (WTI) crude CL1! futures were up 22 cents to $83.71 per barrel.
Oil edged up after a senior U.S. State Department official said that efforts to revive the 2015 Iran nuclear deal have stalled due to Tehran's insistence on the closure of the U.N. nuclear watchdog's investigations.
"We've hit a wall" because of Iran's stance, the U.S. official told reporters on the sidelines of the U.N. General Assembly, adding that nothing had happened this week to suggest Iran is willing to change its position. The remarks eased expectations of a resurgence of Iranian crude oil.
Prices were also supported by Moscow's decision to push ahead with its biggest conscription since World War Two, raising concerns that an escalation of the war in Ukraine would continue to tighten oil supplies.
Rebounding crude oil demand in China, which is the world's largest oil importer, lent support to crude prices.
Central bank interest rate hikes, including the U.S. Federal Reserve's 75 basis points rise on Wednesday, along with increases by the Swiss National Bank, Norway's central bank and Indonesia's central bank, limited oil prices by raising the likelihood of economic slowdowns that would erode fuel demand.
Looks like WTI and brent crude oil price already stabilize between the range of USD82 to USD95. Very unlikely to test the USD120 level as shale producers globally are doubling down on drilling efforts. The wildcard will be China and whether there is a possible of full reopening in Q4 2022.
Hibiscus can declare as much profit as it wants but as long as there is no consistent return to shareholders either through share buyback or dividends, there is no incentive to hold. So what you get is a spike two weeks before quarterly reporting, followed by a slide until the next quarter. Until then there is a clear guidance by the management, the price will be dictated by short sellers and day traders.
This whole counter is based off what the oil price is at daily.. Not the exceptional work hibiscus has done to add production and value over recent years.. Maybe this next month or two is down .. until the market realizes that they are returning over 25% annually to share holdings, which they will payout on, and it's ongoing..cos even at 70 or 60..Hibby is still making loads.. What other asset classes will continue to make money with what's coming? Any ideas??
Powell said to raise rate to curb inflation regardless of recession or what not. Recession is the end result of that! When in recession, oil prices will go downhills!
Oil India sees 'healthy' profit in September qtr despite windfall tax Sep 24, 202219:29 OIL+1.23%
Oil India Ltd OIL is expecting a "healthy profit" for the quarter ending Sept. 30 despite a levy of windfall tax on crude sales, Harish Madhav, head of finance at India's state-run oil producer, said on Saturday.
The windfall tax has averaged around $25-$26 per barrel during the quarter, leading to Oil India realising $80 a barrel, Madhav told a news conference.
"This is much better than what we had realised earlier. So we should be able to make a healthy profit," he said.
May be the new definition of dodgy financials is a company with market capitalization of RM 1,800 million and net debt RM 88 millions, merely able to generate net profit of RM 613 million and core net profit of RM 342.7 million.
SSlee. How's your HY? First minor support at 0.86. Stronger support at 0.81. I won't recommend you to catch the falling knife at 0.86 since the world economy looks bleak. I have warned my colleagues to be vigilant and prepared for worst in 2023. In time of uncertainty, let's wait and see. I am holding 30% cash now. 50% REIT would never sell.
SSlee. My advice to you. Take a longer rest from the KLSE. I am glad to see i3 forums quiet down. Meaning less newbies will get slaughter by market manipulators
natsuko....i dont ask people to believe....but just an extra info.... even roti planta you pusing sana sini....lastly you still swallow into your stomach...isnt it?...kikikikikikih
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....
BobAxelrod
8,255 posts
Posted by BobAxelrod > 2022-09-21 14:33 | Report Abuse
Manyak sedap........