Hv made up my mind to stay n look at d qr

Saudi Arabia to ship less oil in December as it considers a coordinated output cut

PUBLISHED 13 HOURS AGO UPDATED 11 HOURS AGO
REUTERS

An oilfield development in Saudi Arabia's vast al-Rub al-Khali desert.
BILAL QABALAN | AFP | Getty Images

An oilfield development in Saudi Arabia's vast al-Rub al-Khali desert.
Saudi Arabia plans to reduce oil supply to world markets by 0.5 million barrels per day in December, its energy minister said on Sunday, as the OPEC power faces uncertain prospects in its attempts to persuade other producers to agree a coordinated output cut.

Khalid al-Falih told reporters that Saudi Aramcos customer crude oil nominations would fall by 500,000 bpd in December versus November due to seasonal lower demand. The cut represents a reduction in global oil supply of about 0.5 percent.

Saudi Arabia has increased output by just about 1 million bpd this year under pressure from U.S. President Donald Trump and other consuming countries to help balance the market to compensate for lower supplies from Iran due to U.S. sanctions.


But since Iran's customers were given generous waivers to continue buying crude, concerns grew about market oversupply and oil prices fell to below $70 per barrel on Friday from $85 a barrel in October.

"We have been increasing production in response to demand," Falih told reporters in Abu Dhabi ahead of a joint OPEC, non-OPEC market monitoring committee meeting.

"I'll tell you a piece of news which is (that) December nominations are 500,000 barrels less than November. So we are seeing a tapering off part of it is year end, part of it is maintenance.... so we will be shipping less in December than we are in November.

Saudi Arabia is discussing a proposal that could see OPEC and non-OPEC oil producers cut output by up to 1 million bpd, two sources told Reuters earlier on Sunday, as the world's top oil exporter grapples with a drop in crude prices.

The sources said any such deal would depend on factors including the level of Iranian exports after the United States imposed sanctions on Tehran but granted Iran's top oil buyers waivers to continue buying oil.

Russian participation was key to helping OPEC rebalance the market during 2017-18. But Russian Energy Minister Alexander Novak said on Sunday he wasnt certain the market would be oversupplied next year.

He said the oversupply for the next few months would be seasonally driven while by mid 2019 the market could be balanced again and demand could even exceed supply.

Leap of faith at 0.52 wil soft land safely on good qr results

Emerge more sanguine abt O&G after another gud round with alex ahboy aka Bersatu mum

*by

Trump oso has to b tough wit Saudi ovr Jamal Khosokawasaki if he wants to win in 2 yrs time

Oso modterm is now over Trump oso won't bother

By now Saudi OPEC n Russia knew they hv bin played out Trump

Asked them to cut production but did not ask US oil producers to cut oso thn gave waivers

So now they won't listen anymore wil pump 1m bpd more

In theory looks gud bt lots of mosquitos

*chance

Go long at tis level hv a better change ler

Except u they knew at tis level no more meat to IDSS Hibiscus d ?

Oso whr r paetners in crime who q crazy sell q yesterday?

*or not?

But can sell at 1.13 n buy back 1.11?

Say today all IDSS 3400000 all urs

At 0.02 gain 68000 huat ar

Ya ya ya

Shorted 1.13 say highest for u

Bot back 1.11 say lowest for u

Gain 0.02 for u huat ah

Jz crazy to pick Hibiscus for IDSS

Today range 1.13 to 1.11

U do IDSS made a lot?

Jz razy crazy crazy to do IDSS

Panic buy panic buy now

Baru done ur IDSS? Not much time for u buy in better panic buy

Whr hv those crazy sell q gone? Auta?

Hw to make a living out of IDSS?

Wit d good qr coming out in days ppl r not willing to sell

Let's c today if d crazy sell q stil thr

Jz to scare ppl la

New Malaysia ya transparent but tis is jz too much

Whr got ppl q big big like tat to sell one?

Q to sell is like Hibiscus going into PN17 n having a 100 to 1 RI at 1.00

Isn't doom d lowest of boom?

A lot more ideas not adopted nvr c u say anything

*adopted

Knn jibby new meh 

Budget closely tie to rakyat n society la ideas come from tis naturally la 

Oso isn't it a pracrice to ask for pre budget ideas n wishlist from rakyat n society? 

So some not jz tis one adapted in d budget is so normal la

Knn jibby new meh

Budget closely tie to rakyat n society la ideas come from tis naturally la

Oso isn't it a pracrice to ask for pre budget ideas n wishlist from rakyat n society?

So some not jz tis one adapted in d budget is so normal la

Malaysian PPB TP 1.76

Singapore DBS TP 1.75

Batam mali TP higher at 3.30 +3000% gain fr day 1

Of cos not forgetting d consensus anticipated good QR

Better FOMO FOMO FOMO

Faint hearted nid not apply

Yes b assured by OPEC n Russia can control oil prices

Yes don't b scared by fake sell q

Idss operators

Don't b scared by d big sell q put in by idss n go n sell cheap

Ha knn Trump tot he d reason usa economy good d dow high bt dow up 500 mind u fr alrd high point celebrating he lost d house hopefully now he got d msg his crazy ways n polices stink

Knn today a good day

IDSS intention is actually to buy eventually

*scare those soft balls retailers lo

Bt d big sell q at 1.14 1.15 1.16 1.17 so a lot scare ppl lo

*all fake all IDSS

Soft balls IDSS players not short at lowest bt q to short at 1.14 1.15 1.16 1.17 so lots of sale q at ths levers all fake

Venezuela was a major oil producer n is quoted as one of d major reasons for current high oil prices

All its oil machineries hv stop working n cannot b repair due to no spare parts

Titus Venezuela economy collapsed due to Trump sanctions tat hv made it impossible for Venezuela to obtain USD for it to buy parts n accessories for its oil industries or anything anywhere in d world

Whn sanction bite Iran production wil drop drastically jz look at Venezuela which is oso under Trump sanction