Posted by Ravi Kumar > 2020-04-08 21:52 | Report Abuse

Okay sure thing

Posted by tkl88 > 2020-04-08 22:07 | Report Abuse

Oil prices gain as OPEC meeting looms
OPEC+ expected to lower collective oil output substantially to trim some oversupply in global market
Ovunc Kutlu   | 08.04.2020
https://www.aa.com.tr/en/economy/oil-prices-gain-as-opec-meeting-looms/1797054

ANKARA
Crude oil prices were up on Wednesday as the upcoming meeting between OPEC and its allies, known as OPEC+, give hope to investors of potential support to prices.
International benchmark Brent crude was trading at $32.32 per barrel at 0620 GMT for a 1.4% increase after it closed Tuesday at $31.87 a barrel.
American benchmark West Texas Intermediate (WTI) was at $24.72 a barrel at the same time for a 4.6% gain after ending the previous day at $23.63 per barrel.
The oil producing member countries of OPEC+ will hold a teleconference on Thursday to discuss the low price environment and the supply-demand balance in the global oil market.
Due to the rapid spread of coronavirus, or the COVID-19 disease, weak economic activity around the world has lowered global oil demand, increasing the glut of supply in the market.
Saudi Arabia-led OPEC and Russia-spearheaded non-OPEC failed on March 6 to lower their collective output, causing a massive plummet in prices, which fell on March 30 to their lowest level since 2002.
The OPEC+ group is estimated on Thursday to lower their collective oil production level by between 10-15 million barrels per day in order to trim some of the oversupply.

Posted by F1Trade > 2020-04-08 23:10 | Report Abuse

Well absorb today. Get ready to further up to 80c first target

Posted by tkl88 > 2020-04-09 03:28 | Report Abuse

OMG, Oil price was damn super hot man !
As at 3.25am,
Nymex => $25.75 ‪(+2.12) (+8.97%)‬
Brent => $33.33 ‪(+1.46) (+4.58%)‬

Posted by tkl88 > 2020-04-09 04:16 | Report Abuse

‪Wow, Fabulous!
As at 4.12am,‬
Dow Jones closed at=> 23,433.57 (+779.71) (+3.44%) !

Posted by tkl88 > 2020-04-09 04:38 | Report Abuse

Oh My goodness,
Oil price was unbelievable spike up to the sky high !
As at 4.35am,
Nymex => $26.‪09 (+2.46) (+10.41%)‬
Brent => $33.‪54 (+1.67) (+5.24%)‬

Posted by tkl88 > 2020-04-09 05:09 | Report Abuse

Oil Spikes After Algeria Says OPEC+ Cuts Could Reach 10 Million Bpd
By Julianne Geiger - Apr 08, 2020, 2:20 PM CDT

https://www.google.com/amp/s/oilprice.com/Energy/Oil-Prices/Oil-Spikes-After-Algeria-Says-OPEC-Cuts-Could-Reach-10-Million-Bpd.amp.html

The price of a West Texas Intermediate barrel of oil shot up on Wednesday afternoon by nearly 7% shortly after OPEC’s President gave the market fresh optimism about tomorrow’s virtual OPEC++ meeting.
“The meeting will undoubtably be fruitful in order to rebalance the market through measures we will take tomorrow,” Mohamed Arkab, OPEC’s President and Algeria’s Energy Minister told state news agency APS, according to Reuters.

While an intangible statement, the optimistic words spoken by the OPEC President seem to be just what the doctor ordered for the volatile markets as speculators try to make the most out of the oil-price plunge.
As a result of today’s spike, trading of the biggest oil ETF, the United States Oil Fund (USO), had been halted temporarily. Trading of the USO has since resumed. The USO is trading up 4.03% as of 3:03pm EDT.
All eyes remain on the potential deal that OPEC group may come up with tomorrow in what could be the largest oil production cut deal ever. Signatories to the deal could include, in addition to OPEC, Brazil, Norway, Canada, and all the OPEC+ countries that signed onto the previous deal. While some are hoping that the United States may join in the cuts, a formal agreement between the US and other oil producers appears unlikely.
Saudi Arabia and Russia, together responsible for producing more than 22 million barrels per day, are expected to make or break the chances of a production cut deal.

A 10 million bpd figure has been discussed by meeting attendees in the run-up to the meeting, although that figure would be insufficient to offset the loss in oil demand that the market has seen due to the coronavirus.

By Julianne Geiger for Oilprice.com

Posted by F1Trade > 2020-04-09 07:43 | Report Abuse

towards 80c

Posted by Ravi Kumar > 2020-04-09 08:11 | Report Abuse

Confirm koyak today? :)

Posted by tkl88 > 2020-04-09 09:49 |

Post removed.Why?

Posted by Najib Zamry > 2020-04-09 14:39 | Report Abuse

Uzma is rock solid. When is Deleum’s turn?

Posted by mf > 2020-04-09 15:48 |

Post removed.Why?

Posted by tkl88 > 2020-04-09 16:44 | Report Abuse

Walaoeh, Oil price spike up like mad already !
It's definately indicating that the Opec + meeting will come out a deal of ouput cut !
As at 4.37pm,
Nymex => $26.14 (+1.05) (+4.18%)
Brent => $33.90 (+1.07) (+3.26%)

Posted by Ravi Kumar > 2020-04-09 17:42 | Report Abuse

Tomorrow either fly or die

Posted by tkl88 > 2020-04-09 17:59 | Report Abuse

OMG, Oil price continue to spike up sky high !
As at 5.55pm,
Nymex => $26.60 (+1.51) (+6.02%)
Brent => $34.20 (+1.36) (+4.14%)

Posted by apolloang > 2020-04-09 18:16 | Report Abuse

19/3/20 only 0.31cts,already up more than 100% but oil price didn't up 100% also

Posted by Ravi Kumar > 2020-04-09 18:40 | Report Abuse

Good logic ha3

Posted by Ravi Kumar > 2020-04-09 21:29 | Report Abuse

Tomorrow all will be green cos DJIA is going to rocket

Posted by tkl88 > 2020-04-10 00:21 | Report Abuse

Wow, Congratulations to you all guys who is still keep tight tight & Sailang Armada at current low price !
Good news from the OPEC+ meeting which the output cut was Deal and the oil price then was spike up sharply!

As at ‬12.13am,
Nymex => $26.02 ‪(+0.93) (+3.71%)‬
Brent => $33.86 ‪(+1.02) (+3.11%)‬

Posted by tkl88 > 2020-04-10 00:58 | Report Abuse

Russia and Saudi Arabia agree deal on oil output cuts: Report
OPEC members are on Thursday set to discuss 'deep cuts' of up to 20 million barrels per day
By MEE and agencies
Published date: 9 April 2020 14:40 UTC
Last update: 18 min 21 sec ago

https://www.middleeasteye.net/news/russia-and-saudi-arabia-agree-deal-oil-output-cuts

Russia and Saudi Arabia have overcome all hurdles to cut oil production at a meeting of OPEC, ending a month-long price war.
Oil prices jumped after Reuters reported that the two countries have agreed to a "deep cut" in crude production.
OPEC and other oil producers were set to debate on Thursday oil cuts as big as 20 million barrels per day (bpd), equivalent to about 20 percent of global supplies, one OPEC source and a Russian source told Reuters.
"That is a global deal," the OPEC source said.
He did not specify if the United States would be involved - something Russia and OPEC producers have insisted on.
A worldwide lockdown to slow the spread of the coronavirus pandemic has cut fuel demand by roughly 30 percent and contributed to a crash in prices that took major benchmarks down by more than two-thirds.
Prices surge
Prices surged over 10 percent earlier on Thursday as producers appeared set to cut production sharply, but the exact details of the cuts remain unclear.
The OPEC and allies including Russia - a group known as OPEC+ - were in talks on Thursday to cut production sharply, with numbers as high as 20 million bpd bandied about, OPEC and Russian sources said.
That would be equivalent to about 20 percent of global supplies, to support prices hammered by the coronavirus crisis. However, it is unclear if a figure that lofty includes cuts made for economic decisions by private producers in the United States, Canada and elsewhere, or if OPEC assumes those countries will mandate cuts, which the US has not wanted to do.
A cut of 20 million bpd would be by far the biggest output cut ever agreed by OPEC. But Russia has insisted it will only reduce output if the United States joins the deal. US laws prevent coordination among private companies.
Analysts, meanwhile, said that even if such record cuts are agreed, they will not be enough.
"Ultimately, the size of the demand shock is simply too large for a coordinated supply cut," analysts at Goldman Sachs said on Thursday.
Following the OPEC+ meeting, energy ministers from the Group of 20 major economies are set to meet on Friday.
The last OPEC meeting in early March ended acrimoniously, with Russia and Saudi Arabia unable to come to an agreement to curb output as the virus spread, adding to the slump in prices.
A source briefed on Saudi Arabia's oil policy said it is ready to cut up to 4 million bpd of its production, but only from its record output levels of 12.3 million bpd achieved in April.
Russia has said it wants output to be cut from the January-March levels before Saudi production jumped.

Posted by tkl88 > 2020-04-10 04:15 | Report Abuse

Great, Dow Jones continue it’s bull run !
DJI closed at =>
23,719.37 (+285.80) (+1.22%) !

Posted by RedEagle > 2020-04-10 07:06 | Report Abuse

Great Bursa

Posted by tkl88 > 2020-04-10 07:26 | Report Abuse

Oil producers agree to cut production by a fifth
* 09 April 2020 Business

https://www.google.com.my/amp/s/www.bbc.com/news/amp/business-52226236

Opec producers and allies have agreed to cut output by more than a fifth to counter the slump in demand caused by coronavirus lockdowns.
The group said it would cut output in May and June by 10 million barrels to help prop up prices. The cuts will then be eased gradually until April 2022.

Opec+, made up of Opec producers and allies including Russia, held talks on Thursday via video conference.
Talks were complicated by disagreements between Russia and Saudi Arabia.

The group and its allies agreed to cut 10 million barrels a day or 10% of global supplies. Another 5 million barrels is expected to be cut by other nations.

It said the cuts would be eased to eight million barrels a day between July and December. Then they would be eased again to six million barrels between January 2021 and April 2022.
Oil prices slumped in March after Opec+ failed to agree cuts .

In the wake of the March meeting, Saudi Arabia and Russia moved to boost production in order to retain market share amid falling global demand.
That, together with the collapse in demand for oil amid the coronavirus pandemic, help to push oil prices to 18-year lows by the end of March.

Prices have recovered some ground since then. Last week, prices jumped 20% after US President Donald Trump said he expected Saudi Arabia and Russia to end their feud.

Thursday's talks will be followed by a conference call on Friday between energy ministers from the G20 countries. It will be hosted by Saudi Arabia.

Kirill Dmitriev, head of Russia's wealth fund and one of Moscow's top oil negotiators told Reuters: "We are expecting other producers outside the Opec+ club to join the measures, which might happen tomorrow during G20."

The US has not committed itself to any cuts although it did say that its oil output was gradually reducing anyway due to plunging oil prices.
President Donald Trump had warned Saudi Arabia that the US would impose sanctions if it did not cut oil production.

Posted by Ravi Kumar > 2020-04-10 08:47 | Report Abuse

So eventually it will be about 20 million bpd since this 10 million bpd is just for OPEC members

Posted by tmathi > 2020-04-10 09:02 | Report Abuse

How this will impact the Uzma stock price today? Up or down? Pls advice..thanks

Posted by Frank Tan > 2020-04-10 09:05 | Report Abuse

2 black swan again.U know what to do...

Posted by Ravi Kumar > 2020-04-10 09:10 | Report Abuse

Well I see a lot of selling but volume is being bought also.

Posted by Ravi Kumar > 2020-04-10 09:27 | Report Abuse

sell sell sell

Posted by Ravi Kumar > 2020-04-10 09:29 | Report Abuse

Lower plz lower sudah lari cepat2

Posted by Ravi Kumar > 2020-04-10 10:16 | Report Abuse

Later will recover

Posted by Ravi Kumar > 2020-04-10 12:02 | Report Abuse

Mexico doesn't do much for overall. Just sensational news. You agree 10 mio bpd in total; Mexico only wants to cut 100k bpd instead of 400k bpd. Really big news?

Posted by F1Trade > 2020-04-10 14:06 | Report Abuse

well absorb.. continue uptrend after profit taking

Posted by David Gunter > 2020-04-11 14:32 | Report Abuse

US will add 250k bpd to the cut in place of Mexico’S shortfall

Posted by Ravi Kumar > 2020-04-12 17:24 | Report Abuse

Tomorrow hoping to catch it low.

Posted by RedEagle > 2020-04-13 07:23 | Report Abuse

NEW YORK (Reuters) - Oil futures were little changed on Sunday even after major oil producers reached a deal for a record 10 million bpd output cut, with analysts saying the agreement is insufficient to head off oversupply as the coronavirus hammers demand.

Total global oil supply cuts could come to 20 million barrels per day, around 20% of global supply, Kuwait's oil minister said. After four days of wrangling, OPEC, Russia and other oil-producing nations, a group known as OPEC+, agreed on Sunday to cut output by a record amount of 9.7 million barrels per day, representing around 10% of global supply to support oil prices amid the pandemic, sources said.

Posted by Sonnykwaeh > 2020-04-13 08:29 | Report Abuse

STRONG BUYING PRESBHD (5204)
1 [SERBADK]: SERBA DINAMIK HOLDINGS BHD is confirm buying from
PRESBHD (5204): PRESTARIANG BERHAD 2.5mil ( Prestariang Education Sdn Bhd ) is deal...
2) Prestariang Skin Sdn Bhd (PSKIN), had initiated legal action to seek RM733 million in damages, after the government terminated the project it had awarded to PSKIN in 2017. goverment is in NEGOTIATION Status
from latest NEWs . amount maybe reduce to RM500 million .
3) Prestariang Bhd, the sole Microsoft licensing solutions provider for the Malaysian government, has proposed to undertake a private placement of not more than 10% of its issued share capital to raise up to RM19.29 million. from BURSA is approve already.

Posted by tmathi > 2020-04-14 14:35 | Report Abuse

Looks like Uzma is back on uptrend again ..hmmm

Posted by David Gunter > 2020-04-15 00:18 | Report Abuse

Besok sure koyak

Posted by Will76 > 2020-04-15 09:42 | Report Abuse

Breaking News from CNBC

Oil prices shed more than 10% on Tuesday, with investors apparently unconvinced that record supply cuts could soon balance markets pummeled by the coronavirus pandemic, though a predicted plunge in U.S. shale output provided some support.

U.S. West Texas Intermediate crude fell 10.26% to settle at $20.11 per barrel, having dropped 1.5% in the previous session.

Brent futures fell $2.14, or 6.7%, to $29.60 per barrel after settling up 0.8% on Monday.

Posted by kisahbenarbro > 2020-04-15 16:36 | Report Abuse

Current net profit margins 5.4% are higher than last year 5%. Earnings growth over the past year exceeds its 5-year average. Debt is well covered by operating cash flow 26% although debt to equity is quite high. Cash crunch

Posted by F1Trade > 2020-04-15 18:49 | Report Abuse

well absorb..uptrend still

Posted by Will76 > 2020-04-15 23:48 | Report Abuse

Breaking News from CNBC

The International Energy Agency (IEA) on Wednesday forecast a 29 million barrel per day (bpd) dive in April oil demand to levels not seen in 25 years and said no output cut could fully offset the near-term falls facing the market.

Brent crude fell $2.04, or 6.8%, to $27.59 a barrel, giving up an earlier gain.

U.S. West Texas Intermediate crude slid 45 cents, or 2.2%, to $19.67. Earlier in the session WTI dropped to its lowest level since Feb. 2002.

Posted by F1Trade > 2020-04-16 07:39 | Report Abuse

old news already.. as expected and its still well absorb

Posted by amircesc4 > 2020-04-16 18:29 | Report Abuse

Why EPF keep on disposing UZMA?

Posted by F1Trade > 2020-04-16 18:51 | Report Abuse

Engine want start again

Posted by michaelwong > 2020-04-16 22:21 | Report Abuse

Selling pressure decrease as EPF cease to be a substantial holder , meaning they hv completed shares disposal . Crude oils currently have bottom out .

Posted by John1234 > 2020-04-17 07:37 | Report Abuse

EPF ceases to be a substantial shareholder, only meaning it holds less than 5% shares. Whether it sells in future, it needs not declare.

Posted by pc007 > 2020-04-17 21:35 | Report Abuse

Wah...monday dump again...oil drop like hell. 11% 17USD only. Hopefully it can recover later. Monday sea of red for O&G counters

Posted by Will76 > 2020-04-20 09:58 | Report Abuse

Breaking News from Bloomberg

Oil extended its slide, falling to the lowest in more than two decades, on concern the world is rapidly running out of places to store crude after output cuts proved insufficient to cope with plunging demand.

WTI for May delivery fell 16% to $15.37 a barrel on the New York Mercantile Exchange as of 9:16 a.m. in Singapore after plummeting 20% last week. It dropped to as low as $14.47, the weakest since March 1999.

Brent for June delivery fell 1.6% to $27.63 a barrel on the ICE Futures Europe exchange after losing 10.8% last week.

Posted by amircesc4 > 2020-04-20 21:54 | Report Abuse

You guys know kan esok contract expiry, hence people dump. Sebab June contract people believe is going to get better. Dont simply copy paste without knowing oil contracts. Aiyooooo...