Posted by harold8990 > 2022-07-29 22:58 | Report Abuse

WTI back to 3 digit.

Posted by paktua73 > 2022-07-29 23:15 |

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Posted by VTrade > 2022-07-30 01:00 | Report Abuse

Paktua…

July ended 89.5
Aug ended……. ?

Posted by izoklse > 2022-07-30 01:03 | Report Abuse

heheh uncle KYY promote Hibiscus so kencang.

Posted by paktua73 > 2022-07-30 07:09 |

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Posted by birdparadise > 2022-07-30 08:45 |

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Posted by bullmarket1628 > 2022-07-30 08:53 |

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Posted by bullmarket1628 > 2022-07-30 11:02 | Report Abuse

Oil up over $2 per barrel as hopes fade for OPEC+ supply boost

By Laila Kearney. 30-7-2022

https://www.reuters.com/business/energy/oil-prices-rise-tight-supply-attention-turns-opec-meeting-2022-07-29/

NEW YORK, July 29 (Reuters) - Oil prices settled up more than $2 a barrel on Friday as attention turned to next week's OPEC+ meeting and dimming expectations that the producer group will imminently boost supply.
Brent crude futures contract for September, which expire on Friday, jumped more than $3 a barrel during the session and then pared gains to settle at $110.01 a barrel, up $2.87, or 2.7%. The more active October contract was up $2.14, or 2.1%, at $103.97.
U.S. West Texas Intermediate (WTI) crude futures settled at $98.62 a barrel, rising $2.20, or 2.3%, after jumping more than $5 a barrel.

Posted by paktua73 > 2022-07-30 11:04 |

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Posted by bullmarket1628 > 2022-07-30 11:18 | Report Abuse

Hibiscus has tripled oil production - Koon Yew Yin

Publish date: Fri, 29 Jul 2022, 11:57 AM

https://klse.i3investor.com/web/blog/detail/koonyewyinblog/2022-07-29-story-h1627028513-Hibiscus_has_tripled_oil_production_Koon_Yew_Yin

Hibiscus Petroleum Bhd along with its subsidiaries is engaged in exploration and development of oil and gas. It has operations in Middle East, Norway and Oceania regions.
Repsol S.A. is a Spanish multinational energy and petrochemical company based in Madrid. It is engaged in worldwide upstream and downstream activities.
The company announced on 1st June 2021 that it has agreed to sell its operated assets in Malaysia and in Block 46 CN in Vietnam to Hibiscus Petroleum.
Hibiscus Petroleum Bhd said on Tuesday (Jan 25) that its indirect wholly-owned subsidiary Peninsula Hibiscus Sdn Bhd had successfully completed the acquisition of the entire equity interest in Fortuna International Petroleum Corporation (FIPC) from Repsol.
Hibiscus Petroleum noted in a statement that out of the purchase price of US$212.50 million (about RM890.06 million), the net amount paid at completion was US$123.65 million after taking into account various adjustments, including the deposit paid of US$15 million.
The company also made the following announcements:
Hibiscus expects threefold increase in o&g output due to Repsol deal (Repsol Exploración, S.A)
Repsol Asset Acquisition: Completed the trans formative acquisition on 24 January 2022. Assets are expected to almost triple the Group’s net daily oil, gas and condensate production.
New Group Vision and Mission: Aim to achieve target production of 35,000-50,000 boe/day.
Hibiscus Petroleum has good profit growth prospect and undervalued based on 2 factors:
1 Acquisition of Rapsol assets in Malaysia and in Block 46 CN in Vietnam to Hibiscus Petroleum.
2 Due to the Ukraine-Russia conflict, oil and gas prices are surging up higher and higher as shown on the chart below.

Hisbiscus reported EPS 15.32 sen for the quarter ending March and EPS 2.42 for its previous quarter ending December 2021. Its next quarter ending June should be much better because of its new acquisition of Rapsol’s assets and the increased oil production due to the Ukraine war.  When the company announces its result before the end of August its share price should shoot through the roof.

Posted by SEE_Research > 2022-07-30 11:19 |

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Posted by klee > 2022-07-30 15:14 | Report Abuse

Paktua.MM is not old widow.Dia old spinster.There is much difference between the two.hahaha.

Posted by MoneyMakers > 2022-07-31 11:55 | Report Abuse

Poor Klee alrdy get ignored in hengyuan (snakeoil seller since rm7)..here also totally ignored kikiki

Mybe try luck cry 4 attention in Petron nxt kikiki

Posted by birdparadise > 2022-07-31 12:10 |

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Posted by twynstar > 2022-07-31 17:47 | Report Abuse

Energy Aspects: Crude Oil Demand Not Declining In Recession Pattern


This time the slowdown or a recession will be very different from the major recession brought about by the credit crisis in 2008. It would be more like the recession of 2001 or in the early 1990s, Sen said, noting that global oil demand continued to grow in those periods.


https://oilprice.com/Latest-Energy-News/World-News/Energy-Aspects-Crude-Oil-Demand-Not-Declining-In-Recession-Pattern.html

Posted by paktua73 > 2022-07-31 18:08 |

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Posted by klee > 2022-07-31 18:36 | Report Abuse

Aiks old spinster MM ,who wants your attention?Macam is you who craves attention by posting same thing every other day.Anyway we understand.Lonely mah.Hahahahaha.

Posted by paktua73 > 2022-07-31 18:45 |

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Posted by paktua73 > 2022-07-31 21:22 |

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Posted by MoneyMakers > 2022-07-31 22:25 | Report Abuse

In US market, oil was best performing sector last week

Lets see how high Hib can go in this explosive QR month