All time high-demand will push the oil price to usd 100/barrel, said standard chartered...

Commodity analysts at Standard Chartered have buttressed that view saying their projections also imply large inventory draws peaking at 2.9 mb/d in August. However, their timing for when demand will hit a new high is a couple of months later than the IEA's. StanChart estimates that June demand was about 0.5 mb/d below August 2019's all-time high, but expects the record will be exceeded in the current month. According to the analysts, highly effective producer output restraint, led by Saudi Arabia, will create the conditions for a price rally that will take Brent prices above this year's high at $89.09/bbl onto their Q4-average forecast at $93/bbl, with a likely intra-quarter high above $100/bbl.

Hopefully..If vele next aax, I'm laughing all the way to bank 😆

Next week crucial moment...qtr announcement.

Another EV bus maker goes bankrupt....

https://www.bloomberg.com/news/articles/2023-08-16/electric-bus-maker-proterra-s-bankruptcy-shows-ev-startups-finite-window

Last year said tp 0.13 when vele trading @ 0.15c. After vele shot up to 0.26c change story pulak. Don't trust this IB...they job is manipulated you.

Pui! Percaya Kenanga research kah...semua jerung besar. I follow so many kenanga research semua masuk longkang. Trust your own research

Ya bagus kasi mati sama tu contra players..hahaha lol!

Come on vele, break the 25 wall.

Oil demand compared with EV (barrels per day)
1) Total overall demand per day = 102mil
2) Demand for road fuels (cars,busses and etc) = 45mil
3) Displaced by EVs = 2 mil
4) Expected displacement by year 2040 = 20 mil

Demand for fossil fuel still quite high until 2040.

Oil demand compared with EV (barrels per day)
1) Total overall demand per day = 102mil
2) Demand for road fuels (cars,busses and etc) = 45mil
3) Displaced by EVs = 2 mil
4) Expected displacement by year 2040 = 20 mil

Demand for fossil fuel still quite high until 2040.

Don't forget that HLB is the number 1 shares holder for velesto (mutual fund category). Give comments and downgrade velesto but keep on buying...why?

Hopefully break 0.30.

Our economy going recover rapidly with PM Anwar. This is going to be golden era for bursa. Stay tune enjoy the ride...

Malaysia has secured RM5.2 billion worth of investment commitments in the digital economy sector from China and Singapore,

Dia datang. Another good qtr...

KUALA LUMPUR (Bernama): Bursa Malaysia is expected to rebound amid bargain hunting activities from Monday (Aug 14) driven by improved risk appetite in the market post-election.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index is expected to trend sideways with an upside bias within the 1,450 and 1,470 range next week, with immediate resistance at 1,460 and support at 1,440.

Im waiting for Johor sultan to ascend the throne as agong. I believed Tunku is people heart.

Before states election, Muhyaddin promised he will win 5:1 but he failed to deliver his promises...he should resign from bersatu.

https://www.sinarharian.com.my/article/273595/berita/politik/ph-kekal-bertahan-di-tiga-negeri-anwar-lulus-referendum-rakyat

Mimpi lah kau..🤣

Forget it the next election..still got another 3 to 4 more years. Look at what this present perpaduan govn can do to uplift our economy, create more jobs and improve nation GDP....and and bring those previous corruption leaders to justice. Claim back duit RAKYAT yg mereka sakau.

Indian community already rejected MIC and do as MCA for Chinese. This two organisation is absolutely hv corruption leaders. You must update yourself with latest info...izoklse.

Overall PH and BN collation wins 3 state meanwhile PN 3. I considered rakyat not buying proklamasi sentiment which created by this Mahathir/Muyiddin pack just for they personal interest. If see in deep, actually PN wins one state only if not bcoz of Pas. PN cannot penetrate Kelantan/Terangganu without Pas help, so Kelantan and Terangganu not PN victory. Even during Mahathir era, Kelantan and Terangganu always under Pas when comes to election. Biggest lost for PN. Rakyat wake up ready.

🔥 reports shows the Pakatan Harapan-Barisan Nasional pact securing the majority of seats in Negeri Sembilan. The PH-BN pact has so far allegedly secured more than half of the 36 seats in the state legislative assembly.
❗ Reports indicate that Perikatan Nasional has retained Terengganu, with at least 19 seats secured by the coalition in the state polls

Msybe you talk in emotional. As at now PH-BN won 19 seats while PN just 8 seats in negeri sembilan...let see you claimed true or not (RAKYAT tolak PH/BN leadership or not)...time hold everything...😂

PH sapu most of the seat in Penang and selangor. As I said monday bursa Rock and roll..walaoeh!!

No worries..people do mistake. I dreamt last night oil touch usd 130...hahaha.

Oil RM 300 is far beyond cheap..mana ada economy kaput. If usd 300 then I agreed lah. I think statement wrong. RAM 300 = usd65. Now oil price usd86 = RM395/barrel. If usd 300, I think not realistic and maybe high inflation ready. Don't dream for usd 300, above usd 90 is pretty much good ready. If oil can maintain above usd90 for another 2 more year, our fran vele can break 0.80c...maybe reach to 1.00.

Next week pecut balik. If PH wins majority of the seat, lagi tambah engine power...vroom!

Discount sales over ready..😀

Something interesting that I read. Oil companies actually already harvested lithium all the while without realise it. Just for the info.

The biggest fossil-fuel producers are jumping on the energy-transition bandwagon and looking to start extracting lithium, a mineral used primarily in technologies.

Executive chatter during Big Oil’s latest earnings season made clear that the petroleum business is seriously looking at ways to remove the silver-white metal needed in batteries for electric vehicles, solar panels and wind turbines. Exxon Mobil Corp. Chief Executive Officer Darren Woods recently told analysts the oil company can produce lithium “at a much lower cost” than traditional mining. Chevron Corp. said such efforts fit within the company’s “core capabilities.”


It’s a signal that the world’s oil heavyweights finally are seeing upside to extracting a mineral that has long been associated with oil and gas.

Lithium is found in saltwater deposits — and in oil brine — that exist naturally or as byproducts in oil fields.

For decades, drillers have simply disposed of that brine by pumping it back into the ground and not bothering with the lithium. Now, with the rise of EV fleets and a US-led push to secure domestic supplies of battery metals, what was once considered waste is looking much more valuable.

The energy companies aren’t talking about mining in the traditional sense, though. Oil brine requires a different set of tools — specifically, a type of early-stage technology that has yet to be used at commercial scale called direct lithium extraction, or DLE. It’s a process that dozens of upstart miners are rushing to develop in an effort to disrupt the industry.

Several oil companies are putting their weight behind these efforts. Occidental Petroleum Corp. has said it’s exploring brine-based lithium extraction, and Imperial Oil Ltd. has a 5% stake in Canadian miner E3 Lithium Ltd., which is testing DLE technology in Canada’s oil patch.

It ultimately may be a while before any fossil-fuel company starts advancing lithium production at commercial scale. First, they’ll have to convince shareholders it’s a worthy investment. E3 Lithium CEO Chris Doornbos said he expects the oil majors to keep any development work outsourced to junior firms until one of them figures out a successful model.


“You’ll see more oil and gas companies in lithium, but they’re waiting for guys like us to prove the technology,” Doornbos said.

Yes correct agreed. Shell can't do drilling business in Europe, environmental society slashed them badly. Their earning effected badly due to this...the only place that they can do huge drilling business without interference of this environmental society is in Asia. Malaysia among them and ideal place. So now they return back to Malaysia to expand their earning. Velesto at favourable side to get more contract another few more years to come...sabar.

Hong Leong value mutual fund hold 396,343,700 (almost 4.83%) while institutional great eastern hold 285635,200 shares (1.54%). This is latest one, they bypassed vanguard group who was previously top holder...this guys not fool especially Hong Leong bank...think think think

Go and do you home work..who is no 1 matual fund and institutional holders. All our local bankers.

Selling pressure but price still sustain strongly @ 22.5 to 23c...supposed by now should drop back to 0.18c if high selling pressure...ask youself why???

If I got power to predict the future, I will definitely give you the answer...qtr real or not.

Earn money not easy. Show me one counter that today buy tomorrow limit up...maybe got but 1 in mil. 😁

Bursa will make you frustrated. When you frustrated and doesn't hv patient, you will wash out. Not going down it walking in sideway as usual. Still too early for qtr announcement...sabar

Inventories of crude oil will reach an 8-year low by the end of this year, Eric Nuttal, partner and Senior Portfolio Manager at Ninepoint Partners, told BNN Bloomberg TV on Tuesday.

8 year low...that's huge man. If like that oil can break usd 100 again before year end. Velesto in full gear. Walaoeh!!

Must understand this, in 2019 average oil price is usd64/barrel and DC rate is far below as today whereby velesto get payments for rigs service around 70k to 80k only. Velesto can break 0.40c in 2019 and if not bcoz of our fran covid, I believe by now vele already touched rm1.00. Last year and this year oil trading at usd 80 and above and DC rate also increased (above 100k)...imagine how much vele can break. Above 0.40c for sure just need kesabaran tu je.

Sdh mahu meletop ni..anytime soon. Sabar...

Many thanks all and Pak tua

Hai guys I'm new here. Can anyone give some info about this counter. I see many long followers here especially pak tua. Is that 0.50 good entry. Pls free to share...🙏

After remaining range-bound for much of the second quarter, oil prices have mounted a significant rally, with analysts saying oil markets are finally waking up to the fact that fundamentals have tightened significantly. After remaining in surplus for months, many experts have predicted that demand will begin to surpass supply thus improving oil prices and margins for oil refiners. For instance, StanChart’s demand model projects a supply deficit of 2.81 million barrels per day in August; 2.43 mb/d in September and more than 2mb/d in November and December. The analysts have also projected that global inventories will fall by 310 mb by end-2023 and another 94 mb in the first quarter of 2024 thus pushing oil prices higher.

Let them press..how long. They can't manipulate it forever.

Long enough to earn my profit.

This is how stock market eliminate weak holder like our young padawan randy..😅
Sabar sabar...there is no easy/free lunch in this world.

https://www.bharian.com.my/bisnes/pasaran/2023/07/1134086/pelabur-asing-dijangka-kembali-ke-pasaran-saham-tempatan-bursa

Serba account fraud. Velesto clean. They will diversify their business soon or later, mater of time. CEO said previously willing to sell their rigs if got good bargain...then convert to other business. Boss besar PNB mah..

Velesto need to diversify their busines..EV rapidly filling the gap. Otherwise they will left behind. I dont know what is PNB/Amanah strategy for Velesto future.