SINGAPORE (Reuters) - Oil markets were cautious on Friday as traders monitored a tropical storm heading for the Gulf of Mexico and as China remained closed for a week-long public holiday.

But the prospect of extended oil production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and other producers led by Russia helped support prices.

U.S. West Texas Intermediate (WTI) crude (CLc1) was trading at $50.63 per barrel at 0650 GMT, down 16 cents from its last close. Brent crude (LCOc1) was down 12 cents at $56.88 a barrel.

Activity was subdued due to the Golden Week holiday in China and because traders were monitoring tropical storm Nate, which has triggered U.S. Gulf production and refinery closures just weeks after several hurricanes pummeled the region.

Traders said they were closing positions ahead of the expected arrival of the storm as they did not want to be caught with open trades over the weekend.

The Louisiana Offshore Oil Port, one of the most important fuel handling facilities in the Gulf of Mexico, said on Friday that it had suspended vessel offloading operations.

Storm Nate, which the U.S. National Hurricane Center said could intensify into a hurricane, is off the coast of Nicaragua, heading into a region of the Gulf populated by offshore oil platforms that pump more than 1.6 million barrels of crude per day (bpd), or about 17 percent of U.S. output.

BP (L:BP) and Chevron (N:CVX) were shutting production at all Gulf platforms, while Royal Dutch Shell (L:RDSa) and Anadarko Petroleum (N:APC) suspended some Gulf activity. Exxon Mobil (N:XOM), Statoil (OL:STL) and other producers have withdrawn personnel from their platforms.

Phillips 66 (N:PSX) on Thursday night was shutting its 247,000 bpd Alliance refinery in Louisiana.

Despite this, crude was not far off closing levels on Thursday, when prices rose by around 2 percent on the prospect of an extended production cut deal.

King Salman of Saudi Arabia, OPEC's de-facto leader, met with Russian President Vladimir Putin in Moscow on Thursday to discuss, among other things, oil policy.

Saudi Arabia made no firm pledge to extend a deal between OPEC, Russia and other producers on cutting supplies but said it was "flexible" regarding suggestions to prolong the pact until the end of 2018.

A deal to cut around 1.8 million bpd in production has been in place since January and is due to expire at end-March 2018.

With the prospect of extended cuts, analysts were raising price forecasts.

"We have grown increasingly bullish in our outlook on Brent, revising up our 2018 annual average forecast to $57 per barrel and our longer-term outlook to $73 per barrel by 2022, from $55 per barrel and $70 per barrel previously," BMI Research said.


(This story corrects time in paragraph 3 to 0650 GMT, not 0950 GMT)

0.80 by 15th of this month

Let those contra players out first, is time to accumulate more!!

Dato Mah disposal is done, now pending for the announcement only

Mr. Mah Yong Sun serves as Independent Non-Executive Director of Diversified Gateway Solutions Berhad since March 2, 2015. Mr Mah graduated with a Bachelor of Science (Engineering) in Computing Science from University of London’s Imperial College of Science and Technology, United Kingdom in 1984. Mr Mah was a partner in Accenture for 12 years and held many leadership roles, including change management competency group lead for Asia, communications and high technology lead for Thailand, Malaysia, Philippines and Indonesia and communications sector for Greater China. Mr Mah has extensive experience in the media and communication industries, strategic information planning, complex systems implementation and business operations. He is currently an Independent Non-Executive Director of Omesti Berhad (formerly known as Formis Resources Berhad) and Rev Asia Berhad (formerly known as Catcha Media Berhad), a Non-Executive Director of Prosten Technology Holdings Limited, Hong Kong and Celcom Axiata Berhad. He also sits on the Development Board of Imperial College London.

Buy!!!

Don't worry, it will be bounced back, short term Tp 0.80

28-Sep-2017 Insider OMESTI BERHAD (a substantial shareholder) disposed 19,664,500 shares on 25-Sep-2017.
28-Sep-2017 Insider OMESTI HOLDINGS BERHAD (a substantial shareholder) disposed 19,664,500 shares on 25-Sep-2017.
28-Sep-2017 Insider DATO' MAH SIEW KWOK (a substantial shareholder) disposed 19,664,500 shares on 25-Sep-2017.
28-Sep-2017 Insider DATO' MAH SIEW KWOK (a company director) disposed 19,664,500 shares at 0.030 on 25-Sep-2017.

Other than Hohup, Dato Mah is also disposing at DGSB.

TP 0.50

DATO' MAH SIEW KWOK 20-Sep-2017 Disposed 1,010,400 0.035 View Detail
DATO' MAH SIEW KWOK 19-Sep-2017 Disposed 4,325,100 0.035 View Detail
DATO' MAH SIEW KWOK 13-Sep-2017 Disposed 17,438,100 0.035 View Detail
DATO' MAH SIEW KWOK 12-Sep-2017 Disposed 19,923,400 0.039 View Detail
DATO' MAH SIEW KWOK 12-Sep-2017 Disposed 10,207,600 0.035 View Detail
DATO' MAH SIEW KWOK 11-Sep-2017 Disposed 7,683,492 0.040 View Detail
DATO' MAH SIEW KWOK 21-Jun-2017 Disposed 281,700 0.035 View Detail
DATO' MAH SIEW KWOK 20-Jun-2017 Disposed 6,000,000 0.035 View Detail
DATO' MAH SIEW KWOK 19-Jun-2017 Disposed 5,500,000 0.035 View Detail
DATO' MAH SIEW KWOK 16-Jun-2017 Disposed 5,000,000 0.035 View Detail
DATO' MAH SIEW KWOK 15-Jun-2017 Disposed 3,343,000 0.040 View Detail
DATO' MAH SIEW KWOK 14-Jun-2017 Disposed 4,000,000 0.042 View Detail

PETALING JAYA 18 Sept. - Lebih 100 pembeli kediaman Remix USJ dekat sini mengadakan bantahan aman berhubung kelewatan pemaju menyiapkan projek berkenaan yang sepatutnya siap pada tahun lepas.


Seorang pembeli, Nizam Shoib, 30 berkata, perancangan untuk membuka syarikat di bangunan itu terpaksa ditangguhkan ekoran masalah tersebut.

“Saya membuat pembelian pada tahun 2013 dan kebiasaannya ia hanya mengambil masa hanya empat atau lima tahun sahaja untuk siap sekali gus boleh digunakan.

“Selain itu, kami juga lebih terkilan apabila pemaju tidak membayar Skim Berjajaran Kepentingan Pemaju (DIBS) selama empat bulan dan kesannya perlu ditanggung pembeli seperti disekat daripada membuat pinjaman,” katanya kepada pemberita di sini hari ini. -UTUSAN ONLINE


Artikel Penuh: http://www.utusan.com.my/berita/wilayah/kl-putrajaya/projek-remix-usj-lewat-rancangan-pembeli-tergendala-1.527876#ixzz4tHb0ZcSs
© Utusan Melayu (M) Bhd

http://www.utusan.com.my/berita/wilayah/kl-putrajaya/projek-remix-usj-lewat-rancangan-pembeli-tergendala-1.527876

This is just the beginning, more to come

This is the first counter I entered 6 years ago recommended by my stupit remiser, luckily I sold it after 6 months holding, terrible!

Mr. Mah Yong Sun serves as Independent Non-Executive Director of Diversified Gateway Solutions Berhad since March 2, 2015. Mr Mah graduated with a Bachelor of Science (Engineering) in Computing Science from University of London’s Imperial College of Science and Technology, United Kingdom in 1984. Mr Mah was a partner in Accenture for 12 years and held many leadership roles, including change management competency group lead for Asia, communications and high technology lead for Thailand, Malaysia, Philippines and Indonesia and communications sector for Greater China. Mr Mah has extensive experience in the media and communication industries, strategic information planning, complex systems implementation and business operations. He is currently an Independent Non-Executive Director of Omesti Berhad (formerly known as Formis Resources Berhad) and Rev Asia Berhad (formerly known as Catcha Media Berhad), a Non-Executive Director of Prosten Technology Holdings Limited, Hong Kong and Celcom Axiata Berhad. He also sits on the Development Board of Imperial College London.