Posted by signalmw > 2020-04-03 16:10 | Report Abuse

Come on

Posted by dlau8899 > 2020-04-03 18:14 | Report Abuse

From 1.47 to 0.75 , going up above 0.90 as soon

Posted by RedEagle > 2020-04-03 21:26 | Report Abuse

LONDON (Bloomberg) -- The OPEC+ coalition is pushing for other major oil producers to join it in a deep reduction of global crude output and stem the historic rout in prices, a move that sent futures sharply higher.

A global cut of 10 million barrels a day is a realistic goal, according to a delegate, who spoke on condition of anonymity.

The Organization of Petroleum Exporting Countries and allies, a group led by Saudi Arabia and Russia, has already scheduled a virtual meeting on Monday and wants other nations to join talks as soon as possible.

The 10 million figure was first touted by President Donald Trump on Thursday, who called for a coordinated production cut.

He gave no indication whether the US would take part. For Saudi Arabia, it’s essential that producers including the Americans join in.

Trump is meeting oil executives later on Friday. Russian President Vladimir Putin is meeting his country’s oil executives too.

Oil surged on the news. But there are enormous obstacles to any deal.

Russia was quick to deny on Thursday that any agreement had been reached -- although it had said for weeks it’s open to talks.

Even if an accord can be struck, a cut of 10 million barrels would barely dent the glut of oil that has been created by the economic fallout of the coronavirus pandemic.

Traders estimate the lost demand could be as high as 35 million barrels a day.

And so far, there is no sign of any movement toward a truce in the ground war. Saudi Arabia is ramping up exports, as it promised to do.

But diplomatically the picture is more nuanced.

For several days, Saudi Arabia was wrong-footed by Russia, as Moscow sounded open to talks and blamed the price collapse on the kingdom.

Now, by saying it’s ready to cut, the kingdom has put the onus on Moscow, forcing the Kremlin to reverse their opposition to cuts, or be blamed -- by Trump among others -- for the damage.

Oil Jumps

Brent crude, which jumped more than 40% on Thursday after Trump’s announcement before paring gains, rose 11% on Friday. It’s still down 50% this year as the virus fight grounds planes and shutters huge swaths of the global economy.

In some corners of the market, physical prices have gone negative and some producers are expected to start suspending output as there’s not enough space to store the excess crude.

Tankers have filled up fast as ships are being used as storage rather than transport.

Oil-producing nations around the world are feeling the pain of the price war, which started a month ago after Russia refused to take part in deeper cuts, saying it would only extend the previous deal.

Saudi Arabia aggressively discounted its crude days later, in a move to seize customers from Russia’s traditional markets.

Shale producers in the US are struggling and national finances are under pressure. Russia, for example, is now expecting oil prices at US$20 a barrel this year and will ramp up borrowing to make up for a budget shortfall.

Saudi Arabia will also have to make deep budget cuts as oil accounts for the vast majority of its revenue.

The kingdom’s next move in the price war could come as soon as Sunday, when it sets official prices for its crude exports. The operation could be postponed, however -- as it was last month -- to avoid prejudicing the Monday meeting.

Washington’s Options

Trump will meet on Friday oil executives, who are battling among themselves as to what the administration should do.

The White House has considered tariffs on foreign oil imports to protect US producers, though the idea is opposed by some top Trump advisers led by Larry Kudlow, the director of the National Economic Council, according to people familiar with the matter.

The idea of a US production cut, probably executed by capping exports, is also on the table at the White House, though many oil industry representatives have warned that the approach would cause the US to cede the very "energy dominance” Trump has repeatedly celebrated.

Trump said on Thursday he expected a deal -- but made no mention of any role for the US.

"It would be great for Russia, it would be great for Saudi Arabia -- I hope they make that deal but that’s what they told me,” he said. "Can something happen where it doesn’t happen? I guess? In which case there’s another alternative, but I’d rather not see the other alternative.”

In his tweet, Trump said he had spoken to Crown Prince Mohammad bin Salman, who had in turn spoken with Putin. But a Kremlin spokesman, Dmitry Peskov, said the conversation hadn’t happened and that no production cut had been agreed to with the Saudis.

Russia hasn’t yet confirmed its attendance at the OPEC+ meeting. But Russia has long said it’s open to talks, and the industry may find itself forced into production cuts anyway because of the slump in demand, potentially bolstering the case for a coordinated response.

Posted by tkl88 > 2020-04-04 06:52 | Report Abuse

Superb, Oil Price closed at new record high !‬
Nymex => $28.97 ‪(+3.65) (+14.42%)‬
Brent => $34.83 ‪(+4.89) (+16.33%)‬

‪Next week definitely will break the USD $40 per barrel !‬
Huat ah ! Heng ah ! Ong ah !

Posted by dlau8899 > 2020-04-04 15:37 | Report Abuse

Will Monday up above 0.80

Posted by Xiangjs > 2020-04-04 15:47 | Report Abuse

May I know,
We look in WTI crude oil or Brent crude oil ?
I hope those professional investor can reply me on this, I’m new player.

Posted by Bull Runner > 2020-04-04 16:02 | Report Abuse

Brent Oil. Asian and European countries look on Brent Oil indicative.

Posted by Xiangjs > 2020-04-04 16:09 | Report Abuse

Bulk runner, confirm right ? Cause someone told me WTI crude oil, which I confuse.. cause I’m new ... your reply help me a lot ! Thanks

Posted by tallman > 2020-04-04 18:23 | Report Abuse

Meeting delay to 8/9 April. Trade with care. o&g counters are very volatile not suit to new baby. Please stay away

Posted by RedEagle > 2020-04-04 20:04 | Report Abuse

MOSCOW: Russia bersedia bekerjasama dengan Arab Saudi dan Amerika Syarikat (AS) untuk mengurangkan pengeluaran minyak, kata Presiden Vladimir Putin, semalam.

Beliau berkata, Russia sanggup membuat perjanjian dalam rangka kerja kumpulan OPEC+ dan bersedia bekerjasama dengan AS dalam isu itu, menurut satu kenyataan dikeluarkan oleh Kremlin.

“Saya percaya penggabungan usaha adalah perlu bagi menyeimbangkan pasaran dan mengurangkan pengeluaran,” menurut kenyataan itu.


Harga minyak jatuh dalam beberapa minggu kebelakangan ini susulan kemerosotan permintaan dan ketidaktentuan ekonomi global akibat pandemik COVID-19.

Bulan lalu, OPEC dan sekutunya gagal mencapai persetujuan berhubung pengurangan pengeluaran minyak selepas Moscow yang mengetuai OPEC+, enggan mengetatkan pembekalan bagi menangani kesan wabak berkenaan.

Putin dalam satu perbualan dengan Menteri Tenaga, Alexander Novak, berkata Russia bersedia berbincang mengenai ‘pengurangan kira-kira 10 juta tong sehari, sedikit kurang, mungkin sedikit lebih’.

Katanya, Russia berhubung rapat dengan Arab Saudi dan beliau juga telah bercakap dengan Presiden AS, Donald Trump, baru-baru ini. - AFP

Posted by Investsucess Trader > 2020-04-04 21:27 | Report Abuse

Take cover first on monday then see the outcome of OPEC meeting....

Posted by James Ng > 2020-04-04 21:32 | Report Abuse

https://klse.i3investor.com/blogs/general/2020-04-04-story-h1485793317.jsp
[转贴] [Facebook live video:浅谈Carimin Petroleum bhd (Carimin)] - James的股票投资James Share Investing

Posted by tkl88 > 2020-04-05 00:28 | Report Abuse

The alliance (OPEC+) is tentatively aiming to hold the virtual gathering on April 9 instead of Monday as it previously intended, a delegate familiar with the matter said.

Posted by tkl88 > 2020-04-05 00:29 | Report Abuse

Meeting suppose on April 6 (Monday), delayed to April 9 (Thursday).
So, got 3 more days for us to Sailang on O & G stocks before it’s share price spike up to sky high !
Huat ah ! Heng ah ! Ong ah !

Posted by Keyman188 > 2020-04-05 00:38 | Report Abuse

Oil set to ‘crater’ Monday as OPEC meeting delayed, tensions flare between Saudi Arabia and Russia

PUBLISHED SAT, APR 4 202012:00 PM EDT

~ The virtual meeting between OPEC and its allies scheduled for Monday has been postponed, sources familiar with the matter told CNBC, as tensions between Saudi Arabia and Russia mount.

~ The meeting will now “likely” be held on Thursday, sources said.

~ The Monday meeting was set after President Donald Trump said to CNBC on Thursday that he expected Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman to announce a deal on production cuts.


The virtual meeting between OPEC and its allies scheduled for Monday has been postponed, sources familiar with the matter told CNBC, amid mounting tensions between Saudi Arabia and Russia. The meeting will now “likely” be held on Thursday, sources said.

The Monday meeting was set after President Donald Trump said to CNBC on Thursdaythat he expected Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman to announce a deal to cut production by up to 15 million barrels, and that he had spoken to both countries’ leaders.

The delay is likely to hit oil prices next week following a record-setting comeback week for crude. U.S. oil surged 25% on Thursday for its best day on record, and gained another 12% on Friday. It finished the week with a 32% surge, breaking a 5-week losing streak and posting its best weekly performance ever, back to the contract’s inception in 1983.

“It’s probably going to crater,” Again Capital’s John Kilduff said. “There was a lot of optimism priced into oil Thursday and Friday. With this new Saudi, Russia spat, it doesn’t look like it’s going to come together.”

Despite last week’s surge, West Texas Intermediate crude is still down nearly 40% in the last month on the heels of demand destruction from the coronavirus outbreak, and the price war between Saudi Arabia and Russia.

Friday’s jump was fueled by a Reuters report that OPEC+ was contemplating a production cut equivalent to about 10% of world supply, and that Putin said a cut of 10 million barrels a day appeared possible.

Both Saudi Arabia and Russia have sought U.S. cooperation in balancing the world oil supply. American drillers are still pumping near record levels as the world is coming to the edge of its ability to store oil.

U.S. oil executives met with the president Friday at the White House, and there was speculation he would ask them to cooperate in cuts. No agreement came of the meeting, but Trump did seem to reflect an industry view that market forces should determine prices. 

“These are great companies and they’ll figure it out,” he said at a White House briefing following his meeting with the energy CEOs. “It’s a free market, they’ll figure it out.”

At its March meeting, OPEC proposed cutting production by 1.5 million barrels per day in an effort to combat the demand slowdown, but OPEC-ally Russia rejected the additional cuts. The meeting ended with no agreement, and in retaliation Saudi Arabia slashed its oil prices in an effort to gain market share, and subsequently increased its production to a record high of more than 12 million barrels per day.

Tensions between Saudi Arabia and Russia have escalated since. In comments Friday, Putin blamed the collapse in oil prices on Saudi Arabia pulling out of the more than 3-year-old OPEC plus deal, along with its increase in production and agreements for discounts, all of which exacerbated the blow from the coronavirus.

Saudi Arabia lashed back. In a statement Saturday, Saudi Foreign Minister Prince Faisal bin Farhan reportedly said Putin’s comments were “devoid of truth.”

Saudi Arabia energy minister Prince Abdulaziz bin Salman also issued a statement Saturday saying comments from Russia’s energy minister Alexander Novak “were categorically false and contrary to fact.” The statement said the Saudi minister “expressed his surprise at the attempts to bring Saudi Arabia into hostilities against the shale oil industry.” The minister noted that Saudi Arabia was a major investor in the U.S. oil sector.


##https://www.cnbc.com/2020/04/04/oil-set-to-crater-monday-as-opec-meeting-delayed-tensions-flare-between-saudi-arabia-and-russia.html

Posted by tkl88 > 2020-04-05 07:07 | Report Abuse

普京证实俄愿减产 April 5, 2020
https://www.google.com/amp/s/www.enanyang.my/news/20200405/%25E3%2580%2590%25E5%2585%25A8%25E7%2590%2583%25E5%25A4%25A7%25E6%258A%2597%25E7%2596%25AB%25E3%2580%2591%25E6%2599%25AE%25E4%25BA%25AC%25E8%25AF%2581%25E5%25AE%259E%25E4%25BF%2584%25E6%2584%25BF%25E5%2587%258F%25E4%25BA%25A7/amp/

（莫斯科4日讯）俄罗斯总统普京表示，俄罗斯准备好与沙地阿拉伯和其他主要产油国一道大幅削减石油产量，以阻止油价下跌。这一表态呼应了美国总统特朗普之前的说法。

“我们做好准备在OPEC+框架内与合作伙伴达成协议，并准备与美国在这个问题是进行合作，”普京周五在与政府高级官员和石油行业高管的视频会议上说。
 “我认为有必要共同努力，以平衡市场并减少产量。”
普京说，俄罗斯认为全球石油产量每天减少约1000万桶是可能的，并准备“在伙伴关系”的基础上参与。
普京的表态是俄罗斯首次证实特朗普周四通过推文发布的消息。推文称俄罗斯愿意参与减产，该消息推动布伦特原油价格一度暴涨47%。

Posted by 6222 > 2020-04-05 14:09 | Report Abuse

After friday closing oil at 25.79/31.64, US closed higher at 29/34.11

Posted by RMSB > 2020-04-05 16:37 | Report Abuse

May go back up

Posted by tkl88 > 2020-04-06 09:21 | Report Abuse

Dow Jones Futures spike up !
As at 9.17am,
DJI futures at => 21,555.0 (+598.0) (+2.85%)

Posted by signalmw > 2020-04-06 09:23 | Report Abuse

Murah

Posted by signalmw > 2020-04-06 09:58 | Report Abuse

Good luck

Posted by Sonnykwaeh > 2020-04-06 10:06 | Report Abuse

ALL ASIAN SHARE UP , HONG KONG , JAPAN , SINGAPORE KOREA ,INDONESIA PHIPINE .... ALL UP ACCEPT MALYSIA MALU MALU MALU LOUSY GOVERMENT ,,,HAHA HAHA

Posted by tkl88 > 2020-04-06 10:30 | Report Abuse

Oil price wanted to turn green liao !
As at 10.20 am,
Brent => $32.91 ‪(-1.20) (-3.52%)‬

From this morning dropped -9 %
to now just dropped - 3% only !

Posted by signalmw > 2020-04-06 10:35 | Report Abuse

Come on

Posted by dlau8899 > 2020-04-06 12:40 | Report Abuse

Going up 0.90 as soon

Posted by 6222 > 2020-04-06 13:39 | Report Abuse

Those keeping cash, now earn nothing

Posted by tkl88 > 2020-04-06 14:18 | Report Abuse

Wow, Oil price going to turn green liao !
As at 2.07pm,
Nymex => $28.08 ‪(-0.26) (-0.92%)‬
Brent => $34.00 ‪(-0.11) (-0.32%)‬

Posted by RedEagle > 2020-04-06 14:21 | Report Abuse

- U.S. Coronavirus Pandemic Worsens
- Wall Street Braces For More Volatility
- Oil Market Turmoil
- Fed Meeting Minutes
- U.S. Initial Jobless Claims

Posted by Bluey > 2020-04-06 15:21 | Report Abuse

I don’t know how oil affects Carimin price so I did the next best thing. I got out and will enjoy my profits. Will monitor and come back again. So suggest you take your profit, rest and come back later. Let the so called sifu screw each other. Good luck all.

Posted by Srijevan San > 2020-04-06 21:17 | Report Abuse

Sure die tomorrow..... Oil price dropped like hell.... Brent 33.16 crude 27.00..... just one day show only.... RIP

Posted by RedEagle > 2020-04-06 22:03 | Report Abuse

What happen to Dowji?

Posted by up88up > 2020-04-06 22:05 | Report Abuse

Up 1K to 22k

Posted by up88up > 2020-04-06 22:05 | Report Abuse

https://www.cnbc.com/2020/04/06/russia-saudi-arabia-are-very-close-to-an-oil-production-deal-rdif.html

Posted by Ravi Kumar > 2020-04-06 22:11 | Report Abuse

Malam ini DJIA hijau besok Carimin, Uzma, Dayang semua ON

Posted by tkl88 > 2020-04-06 22:41 |

Post removed.Why?

Posted by tkl88 > 2020-04-07 04:43 | Report Abuse

Wow, Fabulous,
Dow Jones closed at=> 22,679.99 (+1,627.46)
(+7.73 percent) !

Posted by tkl88 > 2020-04-07 05:35 | Report Abuse

CNBC MARKETS
Dow soars 1,600 points as growth rate of new coronavirus cases appears to slow
PUBLISHED SUN, APR 5 2020 6:04 PM EDT
UPDATED MOMENTS AGO
Fred Imbert ,Silvia Amaro

https://www.google.com.my/amp/s/www.cnbc.com/amp/2020/04/05/stock-market-futures-open-to-close-news.html

Stocks jumped on Monday, rebounding from sharp losses in the previous week, as the number of new coronavirus cases in the U.S. appeared to slow down. 
The Dow Jones Industrial Average closed 1,627.46 points higher, or more than 7%, at 22,679.99. The S&P 500 gained 7% to close at 2,663.68 while the Nasdaq Composite surged 7.3% to 7,913.24. The major averages rallied to their session highs in the final minutes of the session, with the Dow briefly trading more than 1,700 points higher. 

Boeing gained more than 19% to lead the Dow higher. Raytheon Technologies, American Express and Visa rose more than 11% each. The S&P 500 was led higher by the utilities, consumer discretionary and tech sectors, all of which closed more than 7% higher. Retail stocks such as Nordstrom, Kohl's and Macy's also rose sharply.

Posted by tkl88 > 2020-04-07 05:36 | Report Abuse

Investors were encouraged by data that shows a slowing in the number of daily U.S. coronavirus cases, although it is still early to determine a lasting trend. There were about 30,000 new cases on Thursday, 32,100 cases on Friday, 33,260 cases on Saturday, and then a slowing to just 28,200 new cases Sunday, according to the latest data from Johns Hopkins.

The Trump administration also noted on Sunday there are signs of stabilization in hospital rates, helping to lift Wall Street sentiment on Monday. Meanwhile, New York State reported 594 new coronavirus deaths on Sunday, fewer than 630 on Saturday, marking the first daily decline in coronavirus-related deaths.
"Incoming data suggests NY state might peak sooner than Cuomo's optimistic case," Tom Lee, head of research at Fundstrat, said in a note to clients. "With better visibility on the healthcare crisis in the US, particularly, on a potential to model a national peak, we believe buyers are now taking control."
Slowing death rates in Europe also offered up some hope that the U.S would be nearing its peak soon as well and that social distancing measures are working.

Posted by tkl88 > 2020-04-07 07:33 | Report Abuse

Oil price was so bullish !
As at 7.27am,
Nymex => 26.81 ‪(+0.73) (+2.80%) !‬

Posted by Srijevan San > 2020-04-07 07:43 | Report Abuse

Tkl88: dji not effected carimin and dayang much as both depend on oil price. Even dji rise 3000 also no effect both counters

Posted by tkl88 > 2020-04-07 08:43 | Report Abuse

Wow, Oil price was so strong !
As at 8.38am,
Nymex => $26.96 ‪(+0.88) (+3.37%)‬
Brent => $33.72 ‪(+0.42) (+1.26%)‬

Posted by overmars > 2020-04-07 08:48 | Report Abuse

now dropped ledi lor.... if break 35 or 40 maybe have chance la.... anyway let pray for rising carimin today heng ong huat aaaaaaaaaaaa

Posted by tkl88 > 2020-04-07 11:09 | Report Abuse

Wow, Oil price spike up crazily !
As at 10.48am,
Nymex => $27.04 ‪(+0.96) (+3.68%)‬
Brent => $34.02 ‪(+0.97) (+2.93%)‬

Posted by tkl88 > 2020-04-07 15:35 | Report Abuse

Dow Jones continue it's bull run
As at 3.25 pm,
Dow Jones Futures at => 22,906.0 (+418.0) (+1.86%)

Posted by tkl88 > 2020-04-08 07:22 | Report Abuse

Wow, Oil price continue to spike up !
As at 7.13am,
Nymex => 24.63 ‪(+1.00) (+4.23%)‬

Posted by overmars > 2020-04-08 07:59 | Report Abuse

latest oil price at 8/4/20 @ 0800hrs
crude 24.63 + 1.00
brent 32.41 - 0.06

today sure will drop like hell

Posted by tkl88 > 2020-04-08 09:03 | Report Abuse

Wow, Oil price getting hot & hottest now !
As at 8.35am,
Nymex => $24.79 ‪(+1.16) (+4.91 percent)

Posted by overmars > 2020-04-08 09:13 | Report Abuse

oil price up but this counter drop.... mean oil price also help nothing to oil counter

Posted by probability > 2020-04-08 09:27 | Report Abuse

Petronas to maintain oil and gas production despite measures to contain Covid-19

https://www.upstreamonline.com/safety/petronas-to-maintain-oil-and-gas-production-despite-measures-to-contain-covid-19/2-1-776040

“Therefore, all operations falling within the above essential services including all SUPPORT SERVICES,
.......................

should continue,” Petronas said in a statement.

Petronas issued the statement following the 18 to 31 March movement control order announced Monday by Prime Minister Muhyiddin Yassin, which includes the closure of all non-essential business and services.

Posted by tkl88 > 2020-04-08 13:40 | Report Abuse

Walaoeh, Oil price now spike up crazily !
As at 1.30pm,
Nymex => $25.19 ‪(+1.56) (+6.60%)‬
Brent => $32.88 ‪(+1.01) (+3.17%)‬