Posted by zhangzuode > 2022-10-12 09:27 | Report Abuse

The intrigue of oil price: https://oilprice.com/Latest-Energy-News/World-News/US-Officials-Promised-Saudis-It-Wouldnt-Let-Oil-Market-Collapse.html

The Saudi was tricked once by the previous us President in 2018/9 that sanction Iran oil and at the last moment gave wavier to many countries causing price to collapse. Well, white men speak with forked tongue, Saudi appears to not trusting usa anymore.

Mid-term usa election is on 8/11. The need to posture for lower oil price could be become redundant soon.

Posted by zhangzuode > 2022-10-12 15:13 | Report Abuse

Rystad, an energy adviser Hibiscus frequently uses, stated that OPEC+ 2M cut provides stability to the oil market, etc.:
https://www.rigzone.com/news/brent_likely_to_hit_100_per_barrel_by_year_end-07-oct-2022-170632-article/

Posted by zhangzuode > 2022-10-13 08:31 | Report Abuse

More comments on OPEC+ cut for better understanding of the potential effect of the proposed cut: https://www.hellenicshippingnews.com/pimco-opec-production-cuts-show-energy-security-has-a-price/

Posted by zhangzuode > 2022-10-13 08:56 | Report Abuse

Here is Maybank Investment Bank take on Hibiscus - indeed the Future is Bright:
https://mkefactsettd.maybank-ke.com/PDFS/282827.pdf

Posted by zhangzuode > 2022-10-17 09:16 |

Post removed.Why?