Posted by Tobby > 2022-09-27 08:15 | Report Abuse

Actually oil price should see major correction as there are now excess of oil in the market!

Posted by Tobby > 2022-09-27 08:17 | Report Abuse

We are not like in 2014! Nowadays, we have plenty of existing offshore rigs that only need to turn the tap! Today, we have too many excess offshore rigs gushing with oil!

Posted by Phoebe > 2022-09-27 10:01 | Report Abuse

I'm not an expert in O&G but what a silly comment. Even water from the house tap, if no maintenance, you get sludgy brown water. Furthermore, you can't just increase the volume and pressure just like that. It needs modification/upgrading. So it is not as easy as turn just on the tap......

Posted by curiousq > 2022-09-27 16:37 | Report Abuse

Many i3 expert in talk k

Posted by Tobby > 2022-09-27 18:57 | Report Abuse

Phoebe! You are right! But at current oil price, it's very high! Given demand is actually not as high! Furthermore, China and India are laughing because they are getting 30% discount compare to the rest of the world! Even Indonesia want piece of that huge discount!