Oil prices rose Wednesday after the OPEC+ alliance made bullish predictions signaling a strong global oil demand recovery this year despite COVID-19 flare-ups in India and an expected build in U.S. crude stocks. International benchmark Brent crude was trading at $66.17 per barrel at 6:43 a.m. GMT for a 0.45% rise after closing Tuesday at $65.87 per barrel.....
my holding in VELESTO is rising. now hopefully my other stock Dayang will start rising soon. oil counter will be popular very soon. GS target massively up this summer.
OPEC+ has ditched plans to hold a full ministerial meeting on Wednesday and instead plans to gather in early June after a technical meeting on Tuesday voiced concerns about surging Covid-19 cases.
The good news: The technical committee has forecast global oil consumption to rebound by 6M bbl/day this year, according to delegates who attended the panel.
Goldman Sachs expects global oil demand to realize the biggest jump ever over the next six months, the investment bank said on Wednesday, keeping its bullish forecasts for oil prices this summer.
Higher demand for travel and acceleration of vaccinations in Europe are set to result in “the biggest jump in oil demand ever, a 5.2 million barrels per day (bpd) rise over the next six months,” Reuters quoted Goldman Sachs as saying in a note to clients.
That pictures showing the rig has not sink. It's just tilted since 1 leg broken. Another 2 legs still standing. Prior abandon rig, the crews will make sure all watertight doors are shut.
Oil prices recouped earlier losses and were rising by more than 1 percent on Monday morning, after the European Union unveiled a plan to open its borders to vaccinated tourists, giving more hope to oil bulls that economies and oil demand are set for a rebound in the summer months. As of 10:28 a.m. EDT on Monday, WTI Crude was trading up 1.46 percent at $64.47, and Brent Crude prices had risen by 1.26 percent at $67.57.
Based on various sources gathered, an unfortunate incident happened to Velesto’s Naga 7 rig during operations. One of its legs “punched through” during first preloading, which resulted in the rig tilting around 10 degrees.
That said, the rescue operation on Naga 7, led by Perdana Marathon and Armada Tuah vessels was a success, with zero casualty reported. All the 101 crew members onboard Naga 7 are safe and have been transferred onshore.
Naga 7 is still floating. The potential damage will be further assessed.
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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....
bullmarket1628
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Posted by bullmarket1628 > 2021-04-28 21:26 | Report Abuse
Global oil prices up after OPEC+ demand recovery forecast
BY ANADOLU AGENCY APR 28, 2021 12:45 PM
https://www.google.com.my/amp/s/www.dailysabah.com/business/energy/global-oil-prices-up-after-opec-demand-recovery-forecast/amp