I've been in the O&G for the past 30 years & every year "experts" have been saying that it's a dying industry. O&G is a cyclic business, yes that's true. But not dying. Dont be fooled by the so called "experts". All the green & renewables will not be able to support global energy requirement for industries & daily life needs. Let's see if solar can be used to make all your daily life items that are fossil fuel based.
The majors might be realigning their focus to renewables to diversify, but the core business is still fossil fuel. Check out Petronas...more drilling activities are being planned for many fields in the coming years.
I've gone thru downturns in 1998, 2003, 2008, 2014 and now 2020 (due to Covid). It's cyclic, the industry has rebounded and it will rebound again. Covid will be gone one day....just like many pandemics before. Just enjoy the ride folks...
e OPEC+ sources said on Wednesday some key OPEC members had suggested keeping OPEC+ output unchanged. Oil prices jumped by about US$1 per barrel on the news to trade near US$64 per barrel. Russia says that if output is maintained at current levels, the market would move into an even more severe deficit,
driller71 I've been in the O&G for the past 30 years & every year "experts" have been saying that it's a dying industry. O&G is a cyclic business, yes that's true. But not dying. Dont be fooled by the so called "experts". All the green & renewables will not be able to support global energy requirement for industries & daily life needs. Let's see if solar can be used to make all your daily life items that are fossil fuel based.
The majors might be realigning their focus to renewables to diversify, but the core business is still fossil fuel. Check out Petronas...more drilling activities are being planned for many fields in the coming years.
I've gone thru downturns in 1998, 2003, 2008, 2014 and now 2020 (due to Covid). It's cyclic, the industry has rebounded and it will rebound again. Covid will be gone one day....just like many pandemics before. Just enjoy the ride folks...
Oil did not recover since 2014, many oil company bankrupted !
@DickyMe, given that this is sapura forum and only those has vested interest will leave comment here, it is better off you share your thought at Dayan forum, i believe their respond will be more interesting than this boring idle counter...gogo
(Bloomberg) -- Oil surged to the highest in more than a year after the OPEC+ alliance surprised traders with its decision to keep output unchanged, signaling a tighter crude market in the months ahead. U.S. crude futures climbed more than 5% to near $65 a barrel, while its global counterpart Brent also jumped after the OPEC+ producer alliance agreed during a virtual gathering to hold output steady in April. Saudi Arabia will maintain its 1 million barrel-a-day voluntary production cut, saying it is in no hurry to bring back the supply...
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....
TEEXIANX1840
141 posts
Posted by TEEXIANX1840 > 2021-03-03 20:52 | Report Abuse
oil prices kurang kurang pun boleh capai $68.00 . kompom...