Posted by Adam92Rosli > 2022-11-29 17:21 | Report Abuse

China held a news conference on COVID prevention and control measures at 3 p.m. (0700 GMT) on Tuesday amid record COVID infections and protests in Shanghai and Beijing.

Asian shares also rallied as unsubstantiated rumours swirled that the unrest might prompt a loosening of the COVID restrictions. Similar rumours have caused markets to zig-zag in recent weeks.

The rare street protests in cities across China over the weekend were a vote against President Xi Jinping's zero-COVID policy and the strongest public defiance during his political career, China analysts said. Beijing has stuck with the zero-COVID policy even as much of the world has lifted most restrictions.

Oil prices are also supported by the expectation that major oil producers would adjust their production plans at the upcoming meeting.

Posted by wallstreetrookieNEW > 2022-11-30 10:27 | Report Abuse

O&G Strategy Q1 2023
1. Short Hengyuan as mentioned two months ago
2. Long Hibiscus (O&G pure play) as well as Coastal Contract (O&G-adjacent play)
3. Small cap penny stock gamble (Velesto energy and RL [Reservoir Link])

Posted by Phoebe > 2022-11-30 14:01 | Report Abuse

Hibiscus finally broke 1.08......good for hibiscus holder....

Posted by HafizAjiad98 > 2022-11-30 16:52 | Report Abuse

Nampaknya minyak dan gas hulu lebih baik daripada hiliran

Posted by derrtan > 2022-11-30 20:37 | Report Abuse

https://www.bloomberg.com/news/articles/2022-11-29/chinese-city-hosting-key-iphone-plant-lifts-covid-lockdown

Posted by derrtan > 2022-11-30 20:38 | Report Abuse

https://www.theguardian.com/world/2022/nov/30/us-and-canada-urge-china-not-to-harm-zero-covid-protesters-amid-calls-for-crackdown

Posted by Phoebe > 2022-12-01 11:41 | Report Abuse

Good AGM. Great management. Kudos to them.

Posted by twynstar > 2022-12-01 11:48 | Report Abuse

Dr Kenneth answered most of the questions with confidence.

Very happy to see that. Will hold Hibiscus till 2026

Posted by derrtan > 2022-12-01 11:59 | Report Abuse

may i know anyone ask about share buy back?

Posted by zhangzuode > 2022-12-01 13:07 | Report Abuse

twynstar - recently? Appreciate link, thank you very much.

Posted by twynstar > 2022-12-01 13:23 | Report Abuse

AGM and EGM just finished. Hopefully management will upload the video or important points in website soon.

Posted by izoklse2022 > 2022-12-01 14:54 | Report Abuse

12th Annual General Meeting Presentation - Pursuing Stability Amidst Volatility

Video : https://www.youtube.com/watch?v=hdkympeixnk

Posted by raphaelchinn94 > 2022-12-01 16:37 | Report Abuse

OIL prices dipped in Asia trade on Thursday as uncertainty lingered ahead of Sunday's OPEC+ meeting, though easing COVID curbs at the world's top crude importer China capped price declines

Posted by raphaelchinn94 > 2022-12-01 16:38 | Report Abuse

Brent crude futures fell 43 cents, or 0.5%, to $86.54 per barrel by 0740 GMT, while U.S. West Texas Intermediate crude futures eased 42 cents, or 0.5%, to $80.13.

The benchmark oil contracts settled higher by over $2 on Wednesday amid a weaker dollar and optimism over Chinese demand recovery.

"The market remains uncertain about OPEC's decision, with some expecting a cut while others suggest a rollover of the current deal is more likely," ANZ research analysts said in a note on Thursday.

Posted by raphaelchinn94 > 2022-12-01 16:38 | Report Abuse

Crude inventories fell by 12.6 million barrels in the week to Nov. 25, higher compared with earlier analysts' expectations for a 2.8 million-barrel drop, according to the Energy Information Administration.

Nonetheless, gasoline and distillate inventories rose more than expected, an indicator of easing demand.

U.S. crude oil output also surpassed 12 million barrels a day, the highest since before the onset of the coronavirus pandemic, the EIA said.

Posted by HafizAjiad98 > 2022-12-02 10:07 | Report Abuse

Harga minyak kemungkinan besar akan naik balik ke USD 90

https://oilprice.com/Energy/Crude-Oil/Oil-Shoots-Up-On-Huge-Crude-Inventory-Draw.html

Posted by VFTRADER > 2022-12-02 16:40 | Report Abuse

As usual, world market might encounter correction in next 10 working days.

BUT no big deal for long term value and growth stock like Hibis.......

Posted by twynstar > 2022-12-03 12:45 | Report Abuse

Column: Is the U.S. shale oil revolution over?


U.S. production of petroleum and other liquids more than doubled to 19.5 million barrels per day in 2019 from 9.1 million bpd in 2009, according to the U.S. Energy Information Administration (EIA).

U.S. marginal production (+14.5 million bpd) captured nearly all the increase in global consumption (+14.8 million bpd) between 2009 and 2019.



https://www.reuters.com/markets/commodities/is-us-shale-oil-revolution-over-kemp-2022-11-22/

Posted by twynstar > 2022-12-03 12:51 | Report Abuse

Analysis: Energy hungry Europe can't look to U.S. shale to fill any OPEC gap


The sidelining of U.S. shale means consumers around the world may face a winter of higher fuel prices. Russia has threatened to block oil sales to countries supporting a European Union price cap, and the United States is winding down releases from emergency oil stockpiles that helped cool energy inflation.


https://www.reuters.com/business/energy/energy-hungry-europe-cant-look-us-shale-fill-any-opec-gap-2022-12-02/

Posted by twynstar > 2022-12-03 13:48 | Report Abuse

No capacity: Saudi Arabia cannot expand oil production beyond 13 million bpd


Saudi Arabia currently has a 12 million bpd nameplate oil production capacity, which it plans to expand by 1 million bpd by 2027 through a series of offshore incremental projects.


https://www.upstreamonline.com/production/no-capacity-saudi-arabia-cannot-expand-oil-production-beyond-13-million-bpd/2-1-1262005

Posted by twynstar > 2022-12-03 13:50 | Report Abuse

Adnoc to spend $150 billion in five years, advances 5 million bpd production target to 2027


Abu Dhabi National Oil Company (Adnoc) plans to spend $150 billion on capital expenditure in the next five years, as it prepares to advance its 5 million barrels per day of oil production capacity target to 2027 on the back of improved market fundamentals.


However, the emirate is said to be currently producing just over 3.1 million bpd, in line with output targets set by the wider Opec+ group.


https://www.upstreamonline.com/production/adnoc-to-spend-150-billion-in-five-years-advances-5-million-bpd-production-target-to-2027/2-1-1362534

Posted by twynstar > 2022-12-03 14:02 | Report Abuse

OPEC launches 2022 edition of the World Oil Outlook at ADIPEC


The world economy is expected to more than double in size, and the global population rise by 1.6 billion between now and 2045.


The world needs to annually add on average 2.7 million barrels of oil equivalent a day to 2045.


Globally, oil demand is projected to increase from almost 97 million barrels a day (mb/d) in 2021 to around 110 mb/d in 2045.

The global oil sector will need cumulative investment of $12.1 trillion in the upstream, midstream and downstream through to 2045, equating to over $500 billion each year.


https://www.opec.org/opec_web/en/press_room/7042.htm

Posted by izoklse2022 > 2022-12-04 20:34 | Report Abuse

Extraordinary General Meeting Presentation - 1 December 2022

https://www.youtube.com/watch?v=Ewc0D36lLCM

Posted by King_trader_shadow > 2022-12-05 01:37 | Report Abuse

Normally, if OPEC cannot increase 13bpd million a day then it's still a danger to the world oil supply.

Besids, waiting for the winter season to come then we shall see another round hike but let's see if inflation is letting this would happened.

Posted by HafizAjiad98 > 2022-12-05 11:17 | Report Abuse

Tunggu harga minyak naik USD 90 dulu

https://markets.businessinsider.com/news/commodities/oil-price-outlook-brent-crude-110-eu-sanctions-russia-opec-2022-12

Posted by fooming > 2022-12-05 11:20 | Report Abuse

Goldman noted including the potential for lower demand in China, recession fears, and the European Union's embargo next week on seaborne imports of Russian oil.

Posted by goldmans > 2022-12-05 12:40 | Report Abuse

steady green

Posted by derrtan > 2022-12-05 16:39 | Report Abuse

what happend?

Posted by MoneyMakers > 2022-12-05 17:16 |

Post removed.Why?

Posted by KClow > 2022-12-05 21:46 | Report Abuse

Coastal better hisbiskus share cap high. Hard to push up.
Coastal low

Posted by KClow > 2022-12-05 21:46 | Report Abuse

Buy coastal not hibiskus

Posted by KClow > 2022-12-05 21:48 | Report Abuse

Jus my.humble opinion . No amgry with me k..
Buy coastal

Posted by miracle_trader > 2022-12-06 09:39 | Report Abuse

or just buy both coastal and hibiscus.safer

Posted by HafizAjiad98 > 2022-12-06 10:33 | Report Abuse

Tapi volum Coastal tak banyak...

Posted by smshahrom > 2022-12-06 11:10 | Report Abuse

haiyaaa drop again..why ya?

Posted by m3379 > 2022-12-06 12:17 | Report Abuse

"Oil in red again as flying dollar, Fed uncertainty snuff Russia-led rally"

https://uk.investing.com/news/commodities-news/oil-in-red-again-as-flying-dollar-fed-uncertainty-snuff-russialed-rally-2847810

Posted by BobAxelrod > 2022-12-07 09:11 | Report Abuse

Need me to say it again...???

You are not supposed to breach 1.10....understand???

Posted by HafizAjiad98 > 2022-12-07 10:23 | Report Abuse

Tunggu China buka ekonomi sepenuhnya

https://www.thestar.com.my/business/business-news/2022/12/06/oil-prices-climb-after-russian-crude-sanctions-kick-in

Posted by i3lurker > 2022-12-07 11:00 | Report Abuse

Oil is massively down due to

1) recession fears even if China opens up
2) Russia will pump more

might even hit Saudi breakeven 65

Posted by rr88 > 2022-12-08 09:21 | Report Abuse

I told u oil kambing down.
Why you went n buy hibisc when oil kambing down. Hibisc will make less profit n share price will also kambing. Now kena dy. Backhole pain or not? Wait more pain kambing n yr backhole will ooze blood.

Posted by HafizAjiad98 > 2022-12-08 10:42 | Report Abuse

Rusia berkata ia tidak akan menjual minyak kepada negara yang menguatkuasakan had harga, bermakna bekalan minyak Rusia secara khusus mungkin mengetatkan bagi sesetengah pengimport.

https://oilprice.com/Energy/Crude-Oil/WTI-Falls-Despite-Crude-Draw-As-Product-Inventories-Soar.html

Posted by maxprofit2020 > 2022-12-08 14:14 | Report Abuse

all the promoters disappear

Posted by imvu > 2022-12-08 14:29 | Report Abuse

1.010 sudah masuk area kutip kutip , rebound otw !

Posted by imvu > 2022-12-08 16:36 | Report Abuse

malam ni ada magic !

Posted by HafizAjiad98 > 2022-12-09 10:40 | Report Abuse

Harga minyak macam akan singgah pada harga USD 70 - USD 75...

https://www.theedgemarkets.com/article/oil-set-steep-weekly-loss-slowdown-concerns-loom-large

Posted by azfar8 > 2022-12-09 14:18 | Report Abuse

Ok, if people that have position and follow your word, which counters do you recommend for the 6 months. We are happy if you be very specific, thanks in advance.

Posted by slts > 2022-12-09 14:51 | Report Abuse

pang if we need ur advice we'll ask u

Posted by kahhoeng > 2022-12-09 16:03 | Report Abuse

share buyback?

Posted by i3lurker > 2022-12-09 17:57 | Report Abuse

USD65 is the minimum acceptable to Saudi to balance their Country budget

Posted by twynstar > 2022-12-09 18:16 | Report Abuse

Saudi budget 2023: kingdom posts largest surplus in nearly a decade



ADCB estimates the 2023 budget could be based on an oil price of around $78 to $80 a barrel. However, the lender expects a higher oil price assumption of $95 a barrel for Brent crude in 2023. Emirates NBD assumes the budget is based on an oil price forecast of around $75 per barrel, while Al Rajhi bank assumes an oil price of $78 per barrel.


https://www.thenationalnews.com/business/2022/12/08/saudi-arabia-presses-ahead-after-posting-largest-surplus-in-nearly-a-decade/