Posted by maggiemee > 2021-03-18 21:27 | Report Abuse

Good

Posted by TEEXIANX1840 > 2021-03-18 22:00 | Report Abuse

oil prices huge drop now, any one know why ?

Posted by freddiehero > 2021-03-18 22:19 | Report Abuse

huhu.. kampateh.. lagi kuat punya

Posted by TEEXIANX1840 > 2021-03-18 22:44 | Report Abuse

inflation risk caused huge drop in oil prices

Posted by TEEXIANX1840 > 2021-03-18 22:51 | Report Abuse

habis lingkop esok...

Posted by TEEXIANX1840 > 2021-03-18 22:53 | Report Abuse

kali ini betul betul jadi ayam panggang

Posted by TEEXIANX1840 > 2021-03-18 22:57 | Report Abuse

hopefully saudi arabia oil facility kena boooooom...otherwise mati katak...

Posted by Nikmon > 2021-03-18 23:49 | Report Abuse

Probably more KFC shit will be flushed out tomorrow... let's see. Haha

Posted by wehcant > 2021-03-19 00:04 | Report Abuse

The market is anxiously waiting for the outcome of the high level talks between China and US in Alsaka.

Posted by Nikmon > 2021-03-19 00:09 | Report Abuse

We are waiting shahril leave the company..soon very soon!!

Posted by joe2020 > 2021-03-19 00:40 | Report Abuse

Why Saudi Aramco awarded Sapura Energy if this company is in bad direction?

Posted by cashflow > 2021-03-19 00:41 | Report Abuse

As long as oil above 60, that’s a good sign for E&P companies to be in profit. Oil will only go higher as the world is adjusting to the new norm and recovery. Sooner or later, demand is going to go roof again.

Posted by Kingfish > 2021-03-19 01:34 | Report Abuse

*Saudi Arabia* locked down, no flights in and out
*TANZANIA* total lockdown.
*BRAZIL* plunges into its deadliest chapter.
*SPAIN* has declared an emergency extendable until March 2021
*UK* announced one-month lockdown
*FRANCE* 2 weeks
*GERMANY* for 4 weeks
*ITALY* also followed today.
*ALL* these countries have confirmed that the *THIRD WAVE* is more deadly than the first So we have to be very careful and *Take All Precautions*.
Please become a communicator of the Alert among friends and family ... *SAVE EVERYONE YOU CAN FROM THE THIRD WAVE*.
*We can't take the 2nd LOCKING PHASE AS IF NOTHING HAS HAPPENED* ...
*History tells us that the 3rd wave is more dangerous than the 1st, as was the case from 1917 to 1919 with the Spanish flu. Millions of people died.*
*Protect yourself and your family.*
*Stay safe,* wear a mask, keep social distance.
* COVID-19
__________
*DO NOT keep this information to yourself, share it with your family and friends.*

Posted by ruhaizat69 > 2021-03-19 04:55 | Report Abuse

This kind of news just like a bosster for crypto cutrency to make a huge move

Posted by TEEXIANX1840 > 2021-03-19 07:56 | Report Abuse

gloves counters probably up today...

Posted by Keyman188 > 2021-03-19 07:57 | Report Abuse

Oil drops more than 7% in worst day since September

(PUBLISHED THU, MAR 18 20211:37 AM EDTUPDATED THU, MAR 18 20212:40 PM EDT)

Oil prices sunk for a fifth day running on Thursday on a stronger dollar, a further increase in U.S. crude and fuel inventories and the weight of the ever-present COVID-19 pandemic.

Brent crude slid 6.94% to settle at $63.28 per barrel. U.S. oil settled 7.12%, or $4.60, lower at $60 per barrel, after shedding 0.3% in the previous session. Both contracts are down 6% over the past five days.

“Short-term developments - stuttering vaccine rollouts and the build in U.S. oil inventories - are driving sentiment, but the longer-term oil outlook is still encouraging,” said PVM Oil Associates analyst Tamas Varga.

“Yesterday’s U.S. Federal Reserve meeting provided a boost to equities ... U.S. economic growth has been revised upwards while unemployment is expected to decline.”

A sharp rise in the value of the dollar after the Fed meeting has also driven the oil sell-off.

Government data on Wednesday showed U.S. crude inventories have risen for four straight weeks after severe cold weather forced shutdowns at refineries in the south. An industry report estimating a decline had raised hopes of a halt to the gains.

U.S. crude inventories rose by 2.4 million barrels last week, the U.S. Energy Information Administration (EIA) said on Wednesday, a day after the American Petroleum Institute (API) estimated there had been a 1 million barrel decline.

Varga added the market would be waiting for U.S. manufacturing data next week for further indications on the health of the world’s largest economy.

“Lower crude demand from Asian buyers as a result of upcoming refinery maintenance and probably higher prices is also something not helping crude at the moment,” said UBS commodity analyst Giovanni Staunovo.

A slowdown in some vaccination programmes and the prospect of more restrictions to control the coronavirus have tempered expectations for a recovery in fuel use.

Britain said on Thursday that global supply bumps meant its vaccine rollout would be slower than hoped in the coming weeks but it expects deliveries to increase from May.

A number of European countries have halted use of the AstraZeneca shot because of concerns about possible side effects, though the World Health Organization said Europe should continue to use the vaccine.


## https://www.cnbc.com/2021/03/18/oil-markets-us-stockpile-build-demand-worries.html

Posted by Keyman188 > 2021-03-19 07:57 | Report Abuse

Oil prices plunged due to :-

1) Higher US inventories

2) 2.4 mil barrels last week

3) Rising covid-19 cases in Europ

4) Slowdown in vaccination

Posted by SinGor > 2021-03-19 08:00 | Report Abuse

Oil and gas supermajor BP said on Thursday it had started developing plans for what would be the largest hydrogen project in the UK, aiming to produce 1 GW of blue hydrogen by 2030, as part of its efforts to contribute to industry decarbonization and the UK’s low-carbon energy plans.

Blue hydrogen is hydrogen produced by converting natural gas into hydrogen and carbon dioxide, with the CO2 then captured and permanently stored.

Posted by SinGor > 2021-03-19 08:01 | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/Oil-Major-BP-Plans-UKs-Biggest-Blue-Hydrogen-Project.html

Sapnrg Gas Field will be next Big money earner

Posted by ssboy > 2021-03-19 08:04 | Report Abuse

Brent crude further down 63 +++....

Posted by UlarSawa > 2021-03-19 08:49 | Report Abuse

brent oil price drop the steepest in recent day usd70 no more usd60 on the way kah. Correct

Posted by strattegist > 2021-03-19 09:03 | Report Abuse

correct correct correct...

manyak kesian sama itu sekor kaki meroyan..

kah kah kah... sangkut pucuk manyak lama... meroyan

Posted by Sw33per > 2021-03-19 09:14 | Report Abuse

Cheap2 lailai

Posted by lonewolf0104 > 2021-03-19 09:15 | Report Abuse

panic selling? lol

Posted by bullmarket1628 > 2021-03-19 09:22 | Report Abuse

Oil spike up like mad !
Brent now at $63.48 +0.73 +1.16%

Huat ah, Heng ah, Ong ah !

Posted by cashflow > 2021-03-19 09:26 | Report Abuse

O&G counters holding tight. No major shareholders wants to give up easily as they eye for long term investment.

Posted by JuliusCeasar > 2021-03-19 10:20 | Report Abuse

Agreed

Posted by Kingfish > 2021-03-19 10:54 | Report Abuse

Is it Sharil's last day today.?

Posted by KSLI > 2021-03-19 11:57 | Report Abuse

i am in for long term.


https://oilprice.com/Energy/Energy-General/Three-Commodities-Set-To-Boom-As-The-Global-Economy-Recovers.html

Posted by Nikmon > 2021-03-19 12:23 | Report Abuse

Shahril may Work until Sunday...bye bye leech

Posted by amirsyam > 2021-03-19 12:42 | Report Abuse

higher oil stock due to high crude oil import by US. and low refinery factory that process crude oil(67.4%). Crude Oil in SPR is unchanged at 637.8 thousand.

Posted by koyokui > 2021-03-19 14:35 | Report Abuse

Buy sapura some one is collecting

Posted by ruhaizat69 > 2021-03-19 15:21 | Report Abuse

Foregn investor just move in sapura

Posted by ratha52 > 2021-03-19 15:33 | Report Abuse

foreign investors come and go as like to save guard their investments. it doesn't reflect to the share price to move north. still the market and the sensible investors look for fundamental going forward. once new ceo comes in he could to nothing overnight to change the company's fate. it will take sometime. the ceo should announce how he is going to turn around the company.

Posted by ruhaizat69 > 2021-03-19 15:47 | Report Abuse

Another dnex pattern in the making

Posted by KSLI > 2021-03-19 16:02 | Report Abuse

New Ceo in on Monday?

Posted by acinanatucer > 2021-03-19 18:35 | Report Abuse

Keep holding for longtermmm

Posted by Anthony Liu > 2021-03-19 21:42 | Report Abuse

good news , new CEO coming , Bad News Oil seen Downtrend
hope sapura can overcome it

Posted by KAQ4468 > 2021-03-19 23:18 | Report Abuse

Peewiittttt

Posted by driller71 > 2021-03-20 00:00 | Report Abuse

If this continues... middle east stability affected... supply can be an issue... but, it'll be good for crude oil price.
P/S : love hate relationship coz the RON95/97 also will go up.... so how la?

https://us.yahoo.com/news/yemens-houthis-drone-attack-hits-124711874.html

Posted by peterlaumy > 2021-03-20 16:34 | Report Abuse

don't aspect oil price can fly as long as Putin not happy with Biden.

Posted by Wan Nee > 2021-03-20 16:36 | Report Abuse

Aramco kena bom lagi

Posted by cashflow > 2021-03-21 07:29 | Report Abuse

War is looming

Posted by PN2020 > 2021-03-21 11:59 | Report Abuse

Yr21 is ong，steel and palm oil turn to flourish till travel restrictions is lifted both within Asean and others international destination.

Posted by strattegist > 2021-03-21 12:20 |

Post removed.Why?

Posted by bullmarket1628 > 2021-03-21 12:27 | Report Abuse

Oil price continue it’s bull run !‬
Brent closed at $64.55 ‪+1.27 +2.01%‬

Huat ah, Heng ah, Ong ah !

Posted by Godofgambler > 2021-03-21 17:14 | Report Abuse

Monday oil pecah

Posted by Smartinvstor > 2021-03-21 21:49 | Report Abuse

Hope to see big rebound tmr

Posted by obakh222 > 2021-03-22 07:48 | Report Abuse

Brent jatuh?

Posted by strattegist > 2021-03-22 09:51 |

Post removed.Why?