Posted by overmars > 2020-04-13 16:36 | Report Abuse

why andr delete all his confidently post? lost ledi? after this change name and comment again.... this all kind of fellows will only know harm people only.... really stupid

Posted by Abba84 > 2020-04-13 17:55 | Report Abuse

There ar no catalysts to bring demands up as businees wer majority closed..airclines mnucfctring trnpstions..railrod cars..shippings etc.

Posted by Luke91 > 2020-04-13 20:29 | Report Abuse

Cant le
Pls help pump

Posted by dusti > 2020-04-14 09:56 | Report Abuse

Don’t fight, don’t argue, don’t screw each other, you have been screwed already. Now just RUN!

Posted by probability > 2020-04-14 22:16 | Report Abuse

From the Horse's mouth: Capex is maintained for 2020
............................................

Malaysia's Petronas warns of project delays, aims to keep local capex

APRIL 13, 2020

https://www.reuters.com/article/health-coronavirus-malaysia-petronas/malaysias-petronas-warns-of-project-delays-aims-to-keep-local-capex-idUSL3N2C12MW


KUALA LUMPUR, April 13 (Reuters) - Malaysian state energy giant Petronas said the risks of delays to some of its projects were rising due to prolonged coronavirus-related lockdowns around the world.

Petronas, which operates in more than 20 countries including Brazil and the United States, said in an email that it would try to maintain its domestic spending for this year.

The company forecast 2020 domestic capital expenditure of 26 billion ringgit ($6 billion) to 28 billion ringgit, higher than last year. (Reporting by Krishna N. Das; Editing by Alexander Smith)

Posted by overmars > 2020-04-15 00:59 | Report Abuse

latest oil price by 15/04/2020 @ 0100 hrs

crude 20.90 (previously 28.00 ++)
brent 30.04 (Previously 34.00 ++)


mean tomorrow (15/04/2020) carimin will dropped like hell one. those who still holding especially contra player should think what to do... take it or lift it? is not this counter problem but the world problem as there is no demand for oil now even cut is about maybe about 19.5m bpd

https://www.cnbc.com/2020/04/14/oil-markets-coronavirus-pandemic-us-shale-in-focus.html

expected price will take 3 years to recover to 30 for crude and 45 for brent. mean carimin also take times roughly 3 years to get it glory moment back. director of carimin sure will thanks for your support in this coming 3 years

Posted by Will76 > 2020-04-15 09:41 | Report Abuse

Breaking News from CNBC

Oil prices shed more than 10% on Tuesday, with investors apparently unconvinced that record supply cuts could soon balance markets pummeled by the coronavirus pandemic, though a predicted plunge in U.S. shale output provided some support.

U.S. West Texas Intermediate crude fell 10.26% to settle at $20.11 per barrel, having dropped 1.5% in the previous session.

Brent futures fell $2.14, or 6.7%, to $29.60 per barrel after settling up 0.8% on Monday.

Posted by overmars > 2020-04-15 09:43 | Report Abuse

u stupid la andr... u not ever study economic... do u know what mean by surplus? this counter depend on stock price... explain what keep dropping to all here la stupid

Posted by overmars > 2020-04-15 09:53 | Report Abuse

u stuuuupid la andr... u not ever study economic... do u know what mean by surplus? this counter depend on stock price... explain what keep dropping to all here la stuuupid

Posted by Gala Kat > 2020-04-15 10:23 | Report Abuse

overmars why andr delete all his confidently post? lost ledi? after this change name and comment again.... this all kind of fellows will only know harm people only.... really stupid
13/04/2020 4:36 PM

Overmars, agree with you about such cowards or a**hole(s)!

Posted by Srijevan San > 2020-04-15 18:00 | Report Abuse

Support again andr? As overmars said u really stuuuuuupiddddd... No demand how to support.... Surplus in oil industry won't make price up unless storage be cleared at least 50%. Why people like u keep harming other. Shortage maybe only occur in 2022 (depends on when covid19 have solution)

Posted by Will76 > 2020-04-15 23:49 | Report Abuse

Breaking News from CNBC

The International Energy Agency (IEA) on Wednesday forecast a 29 million barrel per day (bpd) dive in April oil demand to levels not seen in 25 years and said no output cut could fully offset the near-term falls facing the market.

Brent crude fell $2.04, or 6.8%, to $27.59 a barrel, giving up an earlier gain.

U.S. West Texas Intermediate crude slid 45 cents, or 2.2%, to $19.67. Earlier in the session WTI dropped to its lowest level since Feb. 2002.

Posted by qqq33333333 > 2020-04-15 23:52 | Report Abuse

1 billion barrels...............that is the consumption loss in 1 month of lock down........................

Posted by Bluey > 2020-04-16 11:40 | Report Abuse

Nice to be back. Note that some are writing lengthy thesis........be care, anything longer than 3 lines is seldom worth reading, usually taken from somewhere. How is the market doing; suspect another rout like like 19/3/2020,or worse may happen. So do what......LARI KUAT KUAT!

Posted by overmars > 2020-04-16 12:24 | Report Abuse

buy more buy more buy more.... sokong andr cos he been trapped at 0.74... he need support as he always said rebound rebound rebound

Posted by overmars > 2020-04-16 18:14 | Report Abuse

aiyah andr u talk cock there lah... until now u still understand demand and surplus theory ma.... go back study before u mislead other to problem la.... i just read your profile and u are advance in investing experience (only u dare to admit) and u are moderate to risky only but why keep other to investing in risky situation as now..... come on man.... all here are just want make profit without harming other but not making profit with harming others.

Posted by overmars > 2020-04-17 12:23 | Report Abuse

hey andr.... check la what the price now.... crude 19++ brent 28++..... price up cos future DJI rose 850++ this morning... do u ever see any demand in oil??? why u damn stuuuupiddd till now still don know surplus and shortage theory.... be make joke like menteri doreamon and menteri air suam la andr... no need lectures from me cos u not qualify for that.... haha.... stuuupidddd can be accepted but stuupiiddd with stubborn is foolish and unacceptable... please read latest oil news everyday before comment... meeting wll be hell again tonight if agree to cut production to 30m bpd.... make sure u read the latest news before comment to mislead others

Posted by overmars > 2020-04-17 12:26 | Report Abuse

u don event know how to differentiate brent and crude????

Posted by Will76 > 2020-04-20 09:59 | Report Abuse

Breaking News from Bloomberg

Oil extended its slide, falling to the lowest in more than two decades, on concern the world is rapidly running out of places to store crude after output cuts proved insufficient to cope with plunging demand.

WTI for May delivery fell 16% to $15.37 a barrel on the New York Mercantile Exchange as of 9:16 a.m. in Singapore after plummeting 20% last week. It dropped to as low as $14.47, the weakest since March 1999.

Brent for June delivery fell 1.6% to $27.63 a barrel on the ICE Futures Europe exchange after losing 10.8% last week.

Posted by Keyman188 > 2020-04-20 20:43 | Report Abuse

WTI oil price big dropped by 38% @ $11.24....dropped by $7 ++ ....

Never seen this level before.....tragedy...

Posted by harry_7 > 2020-04-20 23:25 | Report Abuse

$10.23 now...

Posted by RedEagle > 2020-04-21 02:01 | Report Abuse

Slowly or fast die

Posted by Talib > 2020-04-21 03:12 | Report Abuse

gg

Posted by mf > 2020-04-21 03:13 | Report Abuse

U.S. Crude Turns Negative for First Time in History

Posted by harry_7 > 2020-04-21 07:47 | Report Abuse

FOC oil with -7.00 cash rebate :0......so limit down ke?

Posted by Harold Huong > 2020-04-21 07:52 | Report Abuse

WE are lucky to witness another miracles
US Oil trade at (-value) level
But you know Malaysia have a lot of KAMIKAJI teams
Hope today KLCI trade well

Posted by Keyman188 > 2020-04-21 07:57 | Report Abuse

Negative Prices for Oil? Here’s What That Means

(April 21, 2020, 5:58 AM GMT+8)

Stores never pay shoppers to take their goods away, but in extreme circumstances some businesses do, though generally in a very limited way. What’s happened in the oil market, however, was a massive and unprecedented negative swing, as the price on some futures contracts for West Texas crude fell to minus $37.63 a barrel. A collapse in petroleum demand from pandemic-driven lockdowns, a price war among the world’s largest producers that flooded the market, storage facilities nearing their capacities and the monthly rhythms of the futures market all played a role in the jaw-dropping development.

1. Why would a seller pay a buyer to take their oil?

For some producers, it may be cheaper in the long run than shutting down production or finding a place to store the supply bubbling out of the ground. Many worry that shutting their wells might damage them permanently, rendering them uneconomical in the future. There are also traders who buy oil futures contracts as a way of betting on price movements who have no intention of taking delivery of barrels. They can get caught by sharp price drops and face the choice of finding storage or selling at a loss. And the escalating glut of oil has made storage space scarce, and increasingly expensive.

2. Where did the glut come from?

Either the pandemic or the price war by itself would have rocked the energy markets. Together they have turned them upside down. As the virus began to spread around the globe, it began eating away at oil demand in stages. But just as countries like Italy showed what kind of damage a national lockdown could do economically, Saudia Arabia and Russia, the world’s biggest oil producers, butted heads. A pact that had restrained production collapsed and both countries opened their taps to the fullest, releasing record volumes of crude into the market.

3. Wasn’t there a deal on that?

Yes, one worked out by OPEC, Russia, the U.S. and the Group of 20 countries. But its call for an overall production cut of roughly 10% proved to be too little, too late. Prices initially turned negative just in obscure corners of the U.S. market such as Wyoming, where storage options are few. Then major hubs began to register negative prices for small streams of selected crudes. And on April 20, prices fell sharply below zero on CME, the world’s largest energy market, as well as NYMEX.


6. What happened to storage?

Since the glut began to build and prices began to fall, storage facilities have been moving toward capacity. Crude stockpiles at Cushing in Oklahoma-- America’s key storage hub and delivery point of the West Texas Intermediate contract -- have jumped 48% to almost 55 million barrels since the end of February. The hub had working storage capacity of 76 million as of Sept. 30, according to the Energy Information Administration. The industry has been accumulating supply aboard ships, while contemplating other creative options such as storing oil aboard rail tankers. The Trump Administration, which is concerned about the possible ripple effect from oil bankruptcies, is eyeing a proposal, which is still in its infancy, to pay oil drillers to keep their oil in the ground temporarily. The idea would be to keep it off the market until prices recovered, giving the Treasury a healthy profit while protecting producers from immediate losses.


##https://www.bloomberg.com/news/articles/2020-04-20/negative-prices-for-oil-here-s-what-that-means-quicktake

Posted by dusti > 2020-04-21 09:22 | Report Abuse

Run

Posted by PresidentRotiCanai > 2020-04-21 15:37 | Report Abuse

Wah, bearish engulfing

Posted by tkl88 > 2020-04-22 10:15 | Report Abuse

Wow, Nymex price started to spike up like crazy now !
Nymex=> $12.80 (+$1.23) (+10.63%)

Posted by tkl88 > 2020-04-22 10:56 | Report Abuse

US oil prices jump after massive rout
West Texas Intermediate for June delivery rises 18.93% to $13.76 a barrel
Published: April 22, 2020 06:12
AFP
https://gulfnews.com/business/energy/us-oil-prices-jump-after-massive-rout-1.1587521703297

Posted by tkl88 > 2020-04-22 10:56 | Report Abuse

Singapore: US oil prices surged Wednesday after a turbulent start to the week that saw them fall below zero for the first time due to a coronavirus-triggered demand shock.

US benchmark West Texas Intermediate for June delivery rose 18.93 per cent to $13.76 a barrel, after suffering heavy falls in New York overnight.

WTI for May delivery on Monday collapsed to an unprecedented low of minus $40.32 as traders scrambled to sell it before the contract expired Tuesday, but could find few buyers with storage capacity fast filling up.

European benchmark Brent crude for June delivery was up 0.98 percent at $19.52 a barrel, after tumbling to an 18-year low the previous day.

Posted by Will76 > 2020-04-22 14:52 | Report Abuse

Breaking News from CNBC

In the afternoon of Asian trading hours, international benchmark Brent crude futures dropped 14% to $16.55 per barrel.

Meanwhile, the June contract for West Texas Intermediate shed all of its earlier gains as it fell about 6% to $10.82 per barrel.

Posted by no sell no loss > 2020-04-22 15:42 | Report Abuse

director sold to me, soon I will become director of carimin

Posted by dusti > 2020-04-22 16:22 | Report Abuse

Every day around this time the market rises. Those looking for exit don’t hesitate

Posted by tkl88 > 2020-04-22 22:13 | Report Abuse

Wow, oil price continue to spike up !
As at 10.00pm,
Nymex => $15.65 (+4.08) (+35.26 percent)
Brent => $21.97 (+2.64) (+13.66 percent)

Posted by tkl88 > 2020-04-23 06:22 | Report Abuse

Wow, Fantastic ! Dow Jones spike up to
closed at=> 23,475.82 (+456.94) (+1.99 percent) !

Posted by tkl88 > 2020-04-23 07:09 | Report Abuse

Wow, Fantastic,
Oil price started it’s bull run again !

Nymex closed at=> $13.78 (rose +19 percent)
Brent closed at=> $20.37 (rose +5 percent)

Posted by tkl88 > 2020-04-23 07:43 | Report Abuse

International oil prices rebound following Trump warning

April 22, 2020 8:09 pm by Myles McCormick and Joe Rennison in London, Hudson Lockett in Hong Kong and Matthew Rocco in New York

Brent bounces back from two-decade low after US president takes aim at Iranian vessels

Oil prices rebounded on Wednesday after Donald Trump stoked Middle East tensions, saying that he had ordered US warships to “shoot down and destroy” Iranian vessels if they posed a threat.
The US president’s intervention sent Brent crude back above $20 a barrel after the international benchmark had tumbled to its lowest level since 1999 on concerns over the collapse in global oil demand.
The declaration from Mr Trump also helped buoy the high-yield bond market, which is heavily exposed to the fate of energy companies. BlackRock’s iShare high-yield bond exchange traded fund, known by its ticker HYG, rose 1 per cent, having dipped 1.8 per cent on Tuesday.

“I have instructed the United States Navy to shoot down and destroy any and all Iranian gunboats if they harass our ships at sea,” Mr Trump wrote in a tweet.
The prospect of renewed tensions in the Middle East gave crude a lift during a week where prices have struggled to contend with an evaporation in demand triggered by the coronavirus pandemic.

Posted by tkl88 > 2020-04-23 07:43 | Report Abuse

Brent rose as high as $22.45 a barrel and settled at $20.37, up more than 5 per cent on the day. The energy sector helped lead a rally on Wall Street that sent the benchmark S&P 500 up 2.3 per cent following two days of falls. The tech-heavy Nasdaq Composite closed up 2.8 per cent.
West Texas Intermediate, the US marker, rose 19 per cent to $13.78 a barrel. It almost halved during the previous session and earlier in the week fell into negative territory for the first time as producers were forced to pay buyers to take oil off their hands ahead of the expiry of futures contracts.

Brent crude remains down about 27 per cent so far this week. Oil production levels have remained robust even as the virus destroys demand, creating a supply glut. An unprecedented cut of almost 10 per cent of global supply by Opec and its allies will take effect next month, but traders worry it is not enough to offset the collapse in consumption.
The head of the International Energy Agency on Tuesday called for the output reductions to be expedited and deepened. Opec members met by phone overnight, but there was no sign they would change their plans.

Posted by dusti > 2020-04-23 10:44 | Report Abuse

If you hang on too long you won’t know which direction to RUN

Posted by tkl88 > 2020-04-23 13:41 | Report Abuse

Wow, Marvelous !
Oil price continue to spike up !

As at 1.27pm,
Nymex at=> $15.77 (+1.99) (+14.4 %)
Brent at=> $22.87 (+2.50) (+12.3 %)

Posted by tkl88 > 2020-04-23 23:39 | Report Abuse

Wow, Awesome!
Oil price continue to spike up to sky high !
Nymex now at=> $17.83 (+4.05) (+29.39 percent)

Posted by Sneakpeek > 2020-04-24 15:33 | Report Abuse

Petronas shuts down 14 projects until oil price recovers

Posted by King Arthur ( no sell no loss ) > 2020-04-24 15:38 | Report Abuse

english breakfast used to be my favourite but now it is curry mee!! I will eat curry mee together with my 12 knights

Posted by apple168 > 2020-04-24 18:05 | Report Abuse

https://www.nst.com.my/business/2020/04/587082/petronas-shuts-down-14-projects-until-oil-price-recovers?fbclid=IwAR088t81WxqfD5U4B4K5g76wvk1R5nlWHAp44Di8gqXN0kqMyrsu-9sLDwA#.XqJl8mWHUC8

Posted by Will76 > 2020-04-27 22:48 | Report Abuse

Breaking News from CNBC

U.S. oil prices plunged more than 25% on Monday on fears that worldwide storage will soon fill as the coronavirus pandemic continues to roil demand.

West Texas Intermediate for June delivery fell 25.6%, or $4.34, to trade at $12.58 per barrel.

International benchmark Brent crude traded 8.1% lower at $19.72 per barrel. Each contract is coming off its eighth week of losses in nine weeks.

Posted by apple168 > 2020-04-28 20:22 | Report Abuse

https://www.forbes.com/sites/gauravsharma/2020/04/27/oil-price-crash-drives-diamond-offshore-to-bankruptcy-with-2500-jobs-at-stake/#5beaa5b31794

Posted by King Arthur ( no sell no loss ) > 2020-04-28 22:14 | Report Abuse

people want to spread bad news to buy at cheap ? I am the king, I am the new world

Posted by oasischeah > 2020-04-29 07:56 | Report Abuse

Yes. Oil will eventually recover. Its just matter of time.