Posted by bullrun168 > 2023-09-25 08:23 | Report Abuse

JPMorgan Analyst Sees Energy Supercycle With Oil As High As $150
By Julianne Geiger - Sep 22, 2023, 4:30 PM CDT
https://oilprice.com/Latest-Energy-News/World-News/JPMorgan-Analyst-Sees-Energy-Supercycle-With-Oil-As-High-As-150.html

JPMorgan’s head of EMEA energy equity research, Christyan Malek, warned markets on Friday that the recent Brent price surge could continue upwards to $150 per barrel by 2026, according to a new research report.
Several catalysts went into the $150 price warning, including capacity shocks, an energy supercycle—and of course, efforts to push the world further away from fossil fuels.
Most recently, crude oil prices have surged on the back of OPEC+ production cuts, mostly led by Saudi Arabia who almost singlehanded took 1 million bpd out of the market, followed by a fuel export ban from Russia. Increased crude demand paired up with the supply restrictions, boosting crude oil prices and contributing to rising consumer prices.

Brent prices were trading around $93.55 on Friday afternoon, but Malek expects Brent prices between $90 and $110 next year, and even higher in 2025.
“Put your seatbelts on. It’s going to be a very volatile supercycle,” Malek told Bloomberg on Friday, as the analyst warned about OPEC’s production cuts and a lack of investment in new oil production.
JPMorgan said in February this year that Oil prices were unlikely to reach $100 per barrel this year unless there was some major geopolitical event that rattled markets, warning that OPEC+ could add in as much as 400,000 bpd to global supplies, with Russia’s oil exports potentially recovering by the middle of this year. At the time, JPMorgan was estimating 770,000 bpd in demand growth from China—less than what the IEA and OPEC were estimating.
JPMorgan now sees the global supply and demand imbalance at 1.1 million bpd in 2025, but growing to a 7.1 million bpd deficit in 2030 as robust demand continues to butt up against limited supply.
By Julianne Geiger for Oilprice.com

Posted by bullrun168 > 2023-09-28 06:25 | Report Abuse

Oil price spike up Like mad…
Brent $96.55 +2.59 +2.76 %

Posted by bullrun168 > 2023-09-28 06:43 | Report Abuse

Oil climbs 3% as steep US crude stocks draw adds to supply concerns
By Arathy Somasekhar
September 28, 2023 3:06 AM

https://www.reuters.com/markets/commodities/oil-prices-edge-higher-markets-focus-supply-tightness-2023-09-27/

HOUSTON, Sept 27 (Reuters) - Oil prices surged 3% on Wednesday to the highest settlement in 2023, after a steep drop in U.S. crude stocks compounded worries of tight global supplies.
Brent crude futures closed up $2.59, or 2.8%, at $96.55. It breached $97 a barrel during the session.
U.S. West Texas Intermediate crude futures (WTI) climbed $3.29, or 3.6%, to $93.68. The session high was over $94.
U.S. crude stocks fell by 2.2 million barrels last week to 416.3 million barrels, government data showed, far exceeding the 320,000-barrel drop analysts expected in a Reuters poll.

Crude stocks at the Cushing, Oklahoma, storage hub, delivery point for U.S. crude futures, fell by 943,000 barrels in the week to just under 22 million barrels, the lowest since July 2022, data showed.
"The market is being led up by storage numbers as we are getting to the minimum operational inventories at Cushing," said Andrew Lipow, president of Lipow Oil Associates.
Stockpiles at Cushing have been falling closer to historic low levels due to strong refining and export demand, prompting concerns about quality of the remaining oil at the hub and whether it will fall below minimum operating levels.

Prices fell last week but were rallying again as markets worried about tight supplies heading into winter, following production cuts of 1.3 million barrels a day to the end of the year by Saudi Arabia and Russia of the Organization of the Petroleum Exporting Countries and allies known as OPEC+.
"Until a decision to raise production is made, the global energy market will remain tight," Ole Hansen, Head of Commodity Strategy at Saxo Bank, said.

Posted by bullrun168 > 2023-09-28 10:26 | Report Abuse

Oil Prices ‘Melt Up’ in a March Toward $100 a Barrel
By Stanley Reed Sept. 27, 2023, 12:50 p.m. ET

https://www.nytimes.com/2023/09/27/business/oil-price-100-barrel.html

Analysts have raised their forecasts for oil prices, as they try to understand Saudi Arabia’s intentions with recent production cuts.

Many energy analysts think that oil prices will soon rise above $100 a barrel for the first time in more than a year, since the turmoil that followed Russia’s invasion of Ukraine. The price of Brent crude, the international benchmark, has gained about 30 percent since the start of July, trading at about $96.50 a barrel on Wednesday.
“I think prices are starting to melt up,” said Robert McNally, president of Rapidan Energy Group, a research firm.

Driving the rise, analysts say, is the deep reduction in oil output orchestrated by Saudi Arabia over the last year. The kingdom’s ability and willingness to add and subtract supplies gives it substantial sway over the market for this crucial commodity.
Climbing oil prices increase energy costs for consumers and businesses, weighing on the global economy. In the United States, the price of crude oil accounts for about half the price of gasoline. Rising pump prices are squeezing motorists, complicating the Federal Reserve’s fight against inflation and stoking concerns over the Biden administration’s economic stewardship…..

Posted by bullrun168 > 2023-10-09 09:56 | Report Abuse

Wow, oil price spike up like mad !
Brent now at $88.37 +$3.79 +4.48 %

Posted by bullrun168 > 2023-10-09 10:00 | Report Abuse

‘Knee-jerk surge’: Oil experts predict market impact of Israel-Hamas conflict
PUBLISHED SUN, OCT 8 20233:08 AM EDT

https://www.cnbc.com/2023/10/08/israel-hamas-oil-experts-expect-knee-jerk-reaction-in-energy-markets.html

Crude oil prices could see a spike on Monday but the overall impact of the attack on Israel by Palestinian militants Hamas will likely be limited, energy experts told CNBC.
That’s provided the conflict does not escalate further, they said.
“We may see a knee-jerk surge in crude prices when markets open on Monday,” Vandana Hari, CEO of Vanda Insights, told CNBC via email.
“There will be some risk premium factored in as a default, until the market is satisfied that the event is not setting off a chain reaction and Mideast oil and gas supplies won’t be affected,” said Hari.
Militants from Hamas — designated by the U.S., European Union and the U.K. as a terrorist organization — infiltrated Israel by land, sea and air on Saturday, during a major Jewish holiday. The incursion came hours after the Islamist militants fired thousands of rockets into Israel from Gaza...

Posted by bullrun168 > 2023-10-09 10:08 | Report Abuse

Oil Jumps as Hamas’ Attack on Israel Fans Middle East Tensions
By Serene Cheong and Elizabeth Low October 9, 2023 at 6:05 AM

https://www.bloomberg.com/news/articles/2023-10-08/oil-rallies-by-more-than-3-after-hamas-attacks-against-israel

Oil surged 5% after Hamas’ surprise attacks on Israel over the weekend, the broadest and bloodiest in decades, threatened to inflame tensions in the Middle East.
West Texas Intermediate traded near $87 a barrel as a war-risk premium returned to markets. The combined death toll topped 1,100 as fighting headed into a third day, while the US said it was sending warships to the region.
The latest events in Israel don’t pose an immediate threat to oil supply, but there’s a risk the conflict could spiral into a more devastating proxy war, embroiling the US and Iran. Any retaliation against Tehran amid reports it was involved in the attacks could endanger the passage of vessels through the Strait of Hormuz, a vital conduit that Iran has previously threatened to close...

Posted by bullrun168 > 2023-10-14 07:21 | Report Abuse

Oil price spike up crazily !
Brent $90.89 +4.89 +5.69 %

Posted by bullrun168 > 2023-10-14 07:34 | Report Abuse

Oil surges nearly 6% after Israel begins ground raids into Gaza
By Stephanie Kelly
October 14, 20233:46 AM GMT+8

https://www.reuters.com/markets/commodities/oil-climbs-us-sanctions-stockpile-forecasts-raise-supply-concerns-2023-10-13/

NEW YORK, Oct 13 (Reuters) - Oil prices leapt nearly 6% on Friday, with Brent posting its highest weekly gain since February, as investors priced in the possibility that the conflict in the Middle East could widen as Israel began ground raids inside the Gaza Strip.
Israel's announcement marked a shift from an air war to ground operations to root out Hamas fighters a week after the militant Palestinian group's deadly rampage in southern Israel.

Brent futures settled up $4.89, or 5.7%, at $90.89 per barrel. U.S. West Texas Intermediate (WTI) crude gained $4.78, or 5.8%, to $87.69 a barrel.
Both benchmarks posted their highest daily percentage gains since April.
Brent also recorded a weekly gain of 7.5%, its biggest such increase since February. WTI climbed 5.9% for the week.
The conflict in the Middle East has had little impact on global oil and gas supplies, and Israel is not a big producer. Investors and market observers, however, are assessing how it could escalate and what it might mean for supplies from nearby countries in the world's top oil producing region.

Some residents in Gaza were abandoning their homes on Friday to escape from the path of an Israeli onslaught, after Israel ordered more than a million people to leave the northern half of the territory within 24 hours. Hamas told them not to go.
Iran's Oil Minister Javad Owji said on Friday oil prices are expected to reach $100 per barrel due to the current situation in the Middle East, according to the ministry's news agency SHANA…

Posted by bullrun168 > 2023-10-18 15:44 | Report Abuse

Oil jumps 2% as hospital blast increases Middle East tensions
By Arathy Somasekhar and Muyu Xu
October 18, 20232:16 PM

https://www.reuters.com/business/energy/oil-prices-jump-2-supply-worries-after-large-us-stock-drawdown-2023-10-18/

Oct 18 (Reuters) - Oil prices surged on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza hospital, sparking concerns about potential oil supply disruptions from the region.
Brent crude futures advanced $1.75, or 2%, to $91.65 a barrel at 0609 GMT. West Texas Intermediate crude (WTI) futures were up $1.91, or 2.2%, at $88.57 a barrel.
In earlier trade, both benchmarks gained more than $2 to touch their highest levels in two weeks.

Markets factored in risk premiums after hundreds of Palestinians were killed in a blast at a Gaza City hospital on Tuesday that Israeli and Palestinian officials blamed on each other.
Jordan then cancelled a summit it was to host with U.S. President Joe Biden and Egyptian and Palestinian leaders.
"The cancellation of a summit between Biden and Arab leaders reduces the likelihood of a diplomatic solution to the Israel Hamas conflict," Vivek Dhar, an analyst at Commonwealth Bank of Australia, said in a client note.
Markets are nervous about a threatened Israeli ground offensive in Gaza.
"A long occupation looms as the scenario that pushes Brent oil futures above $US100/bbl because it raises the risk that the Israel Hamas conflict expands and potentially draws in Iran directly," Dhar said.
Biden is set to visit Israel on Wednesday to show support for the country in its war with Islamist militant group Hamas. The White House said he will make clear he does not want the conflict to expand.

Also supporting oil prices, U.S. crude stocks fell by about 4.4 million barrels in the week ended Oct. 13, according to market sources citing American Petroleum Institute figures on Tuesday. That was much steeper than a 300,000 barrel draw that analysts had forecast.
Official U.S. government data is due later on Wednesday.
On the demand side, China's economy grew faster than expected in the third quarter, official data on Wednesday showed, suggesting a recent flurry of policy measures is helping to bolster a tentative recovery.
China's official data also showed that the country's oil refinery throughput in September hit a record daily rate, up 12% from a year earlier as refiners increased run rates to cater for strong demand for transport fuel over the Golden Week holiday and improving manufacturing.
But analysts sounded cautious on China's economic growth as the real estate sector remains a drag.
"The September data likely guarantee that China will hit its 'around 5%' growth target this year. That said, it will struggle to better it. The economic recovery is still in its infancy," Moody's Analytics economist Harry Murphy Cruise said in a note.

Meanwhile, U.S. retail sales increased more than expected in September, spurring expectations of another interest rate hike by the Federal Reserve by year-end. Interest rate hikes to curb inflation can slow economic growth and reduce oil demand.
Venezuela's government and its political opposition on Tuesday agreed to electoral guarantees for 2024 presidential elections, paving the way for possible U.S. sanctions relief that could eventually boost oil supplies.

Posted by zenbeginner > 2023-10-31 12:24 | Report Abuse

Wow, volume increased. Is this good or bad thing? Meeting with creditors soon. Asking for extenssion to submit RP. Annual report seems to indicate positive progress to deal with regularisation plan and discussion with crediitor despite extension request.

Posted by whistlebower99 > 2023-11-02 13:10 |

Post removed.Why?

Posted by ybss99 > 2023-11-12 16:46 | Report Abuse

The NETX....CONMAN C RECOMMENDED FOR MANY YEARS..

Posted by Felix888 > 2023-11-12 16:51 | Report Abuse

Including UlarSawa and his con siffut.

Posted by ybss99 > 2 minutes ago | Report Abuse

The NETX....CONMAN C RECOMMENDED FOR MANY YEARS..

Posted by Robert Waters > 2023-11-16 14:57 | Report Abuse

Anyone ventures to guess what QR will be like ?
My prediction is small loss.
This management is used to making losses for years.

Posted by Ron90 > 2023-11-30 15:38 | Report Abuse

profit again.. around 10m

Posted by koyokui > 2023-11-30 19:17 | Report Abuse

Buy quarter report profit. Insyaallah out of pn 17

Posted by Ron90 > 2023-11-30 20:25 | Report Abuse

First time this company produce 2 consecutives profits since 2016 !!. Good sign. however, next qr will b very very important. Something is cooking or just plain business activities ..hehe

Posted by Dehcomic01 > 2023-12-07 13:21 | Report Abuse

Alam share price has been declining from its 2014 high. You should not be surprised since the last time its ROE was positive was in 2015. If you were hunting for Bursa energy services companies, there are companies with better fundamentals such as Dayang and Deleum.

Posted by Icon 888 > 2024-02-20 19:07 | Report Abuse

Bull Oil this year

Posted by Robert Waters > 2024-02-27 13:13 | Report Abuse

I wonder what the earnings will be like. My guess is: weak.

Posted by khoomingjau > 2024-02-28 11:15 | Report Abuse

Velesto gogogo

Posted by koyokui > 2024-02-28 18:43 | Report Abuse

Buy quarter report profit. Maybe out of pn17 insyaallah

Posted by Robert Waters > 2024-02-29 11:59 | Report Abuse

Yes, as expected, very weak earnings. Results showing in red. And on top of this, default judgement. But things must improve eventually as every night comes to an end, and sun will rise again.

Posted by m16454 > 2024-03-13 19:24 | Report Abuse

going to delist soon as I heard from my ex colleague working at Alam now.

Posted by constantine007 > 2024-03-14 20:16 | Report Abuse

no more future for this company i guess

Posted by bullrun168 > 2024-03-15 07:35 | Report Abuse

Wow, oil price was super bull !
Now Brent already at=>
$85.42 +$1.39 +1.65 %

Posted by zenbeginner > 2024-03-15 10:52 | Report Abuse

3 quarters positive not out of pn17? Will be very surprising

Posted by Robert Waters > 2024-03-15 13:14 | Report Abuse

Alam needs to formulate a regularization plan. Obtain approval from bursa. Execute plan. Then have 2 successive quarters of profits and apply for PN17 exit. This will take years, if successful.

Posted by m16454 > 2024-03-26 16:01 | Report Abuse

Confirmed to be delisted after 15th April as they cant submit regulation plan

Posted by constantine007 > 2024-03-28 20:02 | Report Abuse

confirm delisted???

Posted by zenbeginner > 2024-03-29 12:04 | Report Abuse

Haha...good example. Sumatec, exit PN17 but then delisted much later

Posted by Robert Waters > 2024-04-01 01:49 | Report Abuse

YES. I studied Sumatec. Took them 10 years to delist. They extended the process. Application. Revision. Extension. Etc.
The difference is that Alam makes profit. Probably fake, but still can attract capital.

Posted by saparuddin1973 > 2024-04-01 18:16 | Report Abuse

one month to left

Posted by Pandu1 > 2024-04-04 09:53 | Report Abuse

1 month left. If got profit can extend Pn17 lo.

Posted by Pandu1 > 2024-04-04 09:59 | Report Abuse

m16454. Next month

Posted by didi7349 > 2024-04-07 14:56 | Report Abuse

Any hope?white knight??

Posted by didi7349 > 2024-04-07 14:57 | Report Abuse

Oil in upcycle now ....is now or never

Posted by bullrun168 > 2024-04-14 09:59 | Report Abuse

If Iran attacks Israel, Middle East turmoil could lift oil past $100 a barrel
Published: April 12, 2024 at 1:22 p.m. ET
By Myra P. Saefong

https://www.marketwatch.com/amp/story/if-iran-attacks-israel-middle-east-turmoil-could-lift-oil-past-100-a-barrel-fd76ea09

Oil prices could rise by $15 a barrel if all of Iran’s output is interrupted: analyst

Oil traders know the all-too-familiar drill: Heightened tensions in the Middle East have led to a rally in prices — so far to the highest intraday levels in six months. If Iran, one of the world’s largest oil producers, gets directly involved, however, a return to prices of more than $100 a barrel may soon follow.
“Nobody wants to be short heading into the weekend,” said Manish Raj, managing director at Velandera Energy Partners. “If the conflicts escalate over the weekend, short sellers will lose their shirts when they wake up on Monday.”

What’s happened
An April 1 airstrike on Iran’s consulate in Syria, which Tehran has attributed to Israel, killed seven Iranian military officers and prompted a vow of retaliation from Tehran.

Since the start of the war in Gaza in early October, there has been a rise in clashes between Israel and Iran-backed Hezbollah militants based in Lebanon. Hamas, which governs Gaza and launched the Oct. 7 attack on southern Israel, is also backed by Iran.
News reports have said that an Iranian attack on Israel is believed to be imminent, with the Wall Street Journal reporting the possibility of an attack as soon as Friday or Saturday.
The U.S. Embassy in Jerusalem issued a travel advisory on Thursday, warning U.S. citizens in Israel against travel outside of major cities such as Tel Aviv.

John Kirby, the Biden White House’s adviser for national-security communications, told reporters Friday that the administration is “certainly mindful of a very public, and what we consider to be a very credible, threat made by Iran in terms of potential attacks on Israel,” and that it was watching developments “very, very, very closely.”
Oil rally
Prices for oil have climbed so far this month alongside the rising tensions in the Middle East, with U.S. benchmark crude futures trading 5% higher and global benchmark Brent crude gaining closer to 6%.
In Friday dealings, May West Texas Intermediate crude CL.1 CLK24 was up 76 cents, or 0.9%, to trade at $85.78 a barrel on the New York Mercantile Exchange after trading as high as $87.67, while June Brent crude BRN00 BRNM24 climbed 90 cents, or 1%, to $90.64 on ICE Futures Europe following a high at $92.18. Both touched their highest intraday levels since October.

Posted by Siang9282 > 2024-04-22 11:13 | Report Abuse

Will April 30 bring good news?

Posted by Robert Waters > 2024-04-24 00:43 | Report Abuse

They applied for extension. That is it. Nothing else to offer.

Posted by khoomingjau > 2024-05-23 16:54 | Report Abuse

Runrunrun

Posted by koyokui > 2024-05-31 18:18 | Report Abuse

Big profit. Insyaallah out of pn17. Buy

Posted by Hew Kiong Peng George > 2024-05-31 18:18 | Report Abuse

Superb qr, rocket next week

Posted by zenbeginner > 2024-06-01 13:44 | Report Abuse

Based previous experiences, nah....

Posted by Robert Waters > 2024-06-01 17:18 | Report Abuse

This stock price depends on the distress situation (PN17). RHB Bank applied to the court to wind up the company. Assets would be divided among creditors, shareholders left with nothing. In addition to the court liqudation, delisting from bursa (unrelated) would make shares worthless. Earnings have little impact on valuation in the two scenarios.

Posted by liyam > 2024-06-01 18:01 | Report Abuse

Hi robert, read properly company announcement before you comment. high court already approved restraining order until oct 2024..........and bursa already granted extension of time to submit regularization plan until end of oct 2024........and they obtained substantial support for granted the restraining order.

Posted by Robert Waters > 2024-06-01 18:14 | Report Abuse

Hi Liyam. So the company has a few more months to submit regularization plan. They have been unable to do so for 3+ years. And even if they submit one, they may be winded up by the courts. Obviously, creditors do not see much potential, or they would negotiate rather that petition to close it off. Substantial support to delay the liqudation from whom ? It is only delay of inevitable. I do not see any funds to pay off these debts that RHB and others claim.

Posted by liyam > 2024-06-01 18:48 | Report Abuse

how sure are you? 4 quarters green continuously. lets see on tuesday ...........

Posted by Robert Waters > 2024-06-01 19:02 | Report Abuse

I am sure that to get company out of distress there are 3 approved ways:
1. Sell part of business. Pay off debt.
2. Get capital from white knights. Pay off debt.
3. Negotiate debt reduction with creditors. Pay off reduced debt per agreed schedule in Court Conducted Meeting.

Court action and restraining order is NOT a way to deal with the problem that bursa will approve. And of course, we see action on Tuesday.
Thank you for the input. There was very little meaningful discussion here. I appreciate your points.