Posted by BobAxelrod > 2022-09-16 11:53 |

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Posted by twynstar > 2022-09-16 14:43 | Report Abuse

A Price Cap On Russian Oil Could Cause A Supply Catastrophe


If Russia refuses to use any maritime services associated with G7 countries, "Russian oil will have to sail on non-Western tankers - and there aren't enough vessels to handle Russia's millions of barrels," they argue.

"The result: less oil, higher prices, and less pain for Russia."



https://oilprice.com/Energy/Energy-General/A-Price-Cap-On-Russian-Oil-Could-Cause-A-Supply-Catastrophe.html

Posted by BobAxelrod > 2022-09-16 15:14 | Report Abuse

LOL, you mean these G7 can waltz into Putin's palace and dictate terms to him?

I thought Putin had already showed them the door and his middle finger, just like that grocery store owner to my maid??

Posted by BobAxelrod > 2022-09-16 15:20 |

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Posted by BobAxelrod > 2022-09-16 15:25 |

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Posted by StartOfTheBull > 2022-09-16 16:52 | Report Abuse

https://www.theguardian.com/us-news/2022/sep/15/us-arms-package-ukraine-russia-invasion-aid
Macam ni when will the war going to end? Aiyo

Posted by BobAxelrod > 2022-09-16 17:11 | Report Abuse

US is drowning in Debts lah.....keep billing Ukraine for weapons lor. Best way to keep Trade Deficit down....hehehe

Posted by BobAxelrod > 2022-09-16 22:08 |

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Posted by UlarSawa > 2022-09-16 22:43 | Report Abuse

Then how. bursa mau pecah 1400kah. Takda mah. Bursa 1400 to 1600 lagi mah. Haiyoh. Correct?

BobAxelrod

Would be nice if DJ plunged another 1,000 pts, falling below 30,000. Monday can go fishing again....hehehehe

33 minutes ago

Posted by BobAxelrod > 2022-09-16 22:45 | Report Abuse

Looks like Oil price is a strong Rebel with a Cause....a true James Dean fan. DJ falling but Oil is going North, couldn't care less....great!

Posted by BobAxelrod > 2022-09-16 22:46 |

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Posted by BobAxelrod > 2022-09-16 22:50 | Report Abuse

Feds raising Interest on Wednesday, by how much is anyone's guess........maybe Thursday is a good day for fishing.

Posted by BobAxelrod > 2022-09-16 22:56 |

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Posted by LateNews > 2022-09-17 18:07 | Report Abuse

Oil Prices Are On Track For A Third Consecutive Week Of Losses
By Irina Slav - Sep 16, 2022, 1:15 AM CDT
Oil prices are on track to post another weekly loss as demand concerns continue to dominate the narrative.
Recession fears continue to be the main factor weighing on oil prices, although a strong dollar also made oil less affordable for buyers.
The EU embargo on Russian crude oil is set to come into effect in just three months and the fuels embargo in 5, both of which will push oil prices higher.
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Crude oil is about to book its third consecutive week of losses despite several spikes as worry about demand remains stronger than worry about supply.

A strong dollar also pressured oil prices as it made the commodity less affordable for buyers in the dollar-dominated oil market.

At the time of writing, Brent crude was trading at $91.24 per barrel, with West Texas Intermediate at $85.39 per barrel.


Recession fears, however, remain the biggest reason behind the downward trend. The World Bank on Thursday warned that the risk of a global recession had risen recently, noting the rush by central banks to raise interest rates. According to the WB, if the rate hikes were done too fast, this would push the global economy into a slowdown.

“Central banks around the world have been raising interest rates this year with a degree of synchronicity not seen over the past five decades — a trend that is likely to continue well into next year,” the World Bank said.

“Global growth is slowing sharply, with further slowing likely as more countries fall into recession. My deep concern is that these trends will persist, with long-lasting consequences that are devastating for people in emerging market and developing economies,” the WB’s president, David Malpass commented.


A recession would damage oil demand just as it would damage pretty much everything else as well, which would help tame inflation but at a very high cost. Alternatives, however, are scarce. The European Union has reiterated its dedication to sanctions on Russia, with an embargo on Russian crude set to come into effect in three months and an embargo on fuels coming into effect in five.

This is bound to affect prices for both crude and fuels, especially diesel as global diesel stocks are tighter than usual at the moment. Until the embargos come into effect, however, the downward pressure on prices will remain substantial, keeping a lid on benchmarks.

By Irina Slav for Oilprice.com

Posted by StartOfTheBull > 2022-09-17 19:32 | Report Abuse

Countries in the northern hemisphere are expected to consume more natural gas this coming winter, let us see how it is going to affect the oil price as well.

Posted by BobAxelrod > 2022-09-18 09:54 |

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Posted by VFTRADER > 2022-09-18 14:24 | Report Abuse

LONDON : Saudi Arabia and Russia, the de facto leaders of the OPEC+ oil producer group, see US$100 a barrel as a fair price that the global economy can absorb, sources familiar with government thinking in the two countries told Reuters.

The Organization of the Petroleum Exporting Countries, Russia and other allies, known as OPEC+, pumps more than 40per cent of the 100 million barrels per day of global output. The group has a powerful influence on global fuel prices through its supply policy.

https://www.todayonline.com/world/analysis-opec-leaders-us100-oil-wont-necessarily-defend-it-1995246

Posted by pang72 > 2022-09-18 15:45 | Report Abuse

https://www.sinchew.com.my/20220917/%e6%b2%99%e5%9c%b0%e4%bf%84%e7%bd%97%e6%96%af%e6%9c%89%e6%84%8f%e5%90%88%e4%bd%9c-%e5%b0%86%e6%b2%b9%e4%bb%b7%e6%8e%a8%e5%90%91100%e7%be%8e%e5%85%83%e5%a4%a7%e5%85%b3/

Brent oil target usd100..

Posted by StartOfTheBull > 2022-09-18 17:05 | Report Abuse

If Brent oil are really can be maintained at between USD90 and USD100 surely other commodities related stocks will be benefited as well.

Posted by BobAxelrod > 2022-09-18 17:59 |

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Posted by pang72 > 2022-09-18 18:19 | Report Abuse

Who benefit? Petronas!!

Posted by BobAxelrod > 2022-09-18 18:28 | Report Abuse

Why look outside? Grass greener over there?
Hibby benefits the most lah........No?

Posted by StartOfTheBull > 2022-09-18 21:23 | Report Abuse

Sure Bob, Hibiscus is certainly in my buy list. Others in my buy/hold lists are selected plantations and energy stocks because crude palm oil price usually moves in the same direction with oil.

Posted by BobAxelrod > 2022-09-18 23:13 |

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Posted by BobAxelrod > 2022-09-18 23:27 |

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Posted by BobAxelrod > 2022-09-19 11:44 |

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Posted by Investing_Bursa > 2022-09-19 15:29 | Report Abuse

Hibby broke rm1! Nice ! Let it slide further

Posted by Bruce_Wayne > 2022-09-19 17:01 | Report Abuse

Target 0.30

Posted by BobAxelrod > 2022-09-19 17:06 | Report Abuse

Be careful what you wish for........hahaha

Posted by twynstar > 2022-09-19 22:25 | Report Abuse

Another excellent write up by zhangzuode !!

Hibiscus – What Warren Buffet sees in oil


https://klse.i3investor.com/blogs/ZZD/2022-09-19-story-h1649162325-Hibiscus_What_Warren_Buffet_sees_in_oil.jsp

Posted by BobAxelrod > 2022-09-20 08:37 | Report Abuse

Aiyoooh, that Vitan guy boh tak chek one. Simplified for him also cannot understand lah.....

Posted by witan > 2022-09-20 11:31 | Report Abuse

@BobAxelrod haiyoh u miss me is it? U are so free ah everyday post non stop lol. Get a life lah

Posted by BobAxelrod > 2022-09-20 11:33 |

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Posted by BobAxelrod > 2022-09-20 11:33 | Report Abuse

Last I checked this was a free forum....you sold your backside and bought it?

Posted by slts > 2022-09-20 15:07 | Report Abuse

Damn go to hollan aldy

Posted by BobAxelrod > 2022-09-20 15:48 | Report Abuse

Yum Yum.......sedap!

Posted by witan > 2022-09-20 15:57 | Report Abuse

Reloaded

Posted by Investing_Bursa > 2022-09-20 17:11 | Report Abuse

Yum yum. Lets slide back to 90

Posted by speakup > 2022-09-20 17:13 | Report Abuse

KYY still holding?

Posted by zhangzuode > 2022-09-21 08:37 | Report Abuse

Thank you very much twynstar.

UN "threaten" oil & gas again: https://oilprice.com/Latest-Energy-News/World-News/UN-Secretary-General-Fossil-Industry-Is-Feasting-On-Windfall-Profits-As-Plane.html

Posted by zhangzuode > 2022-09-21 08:44 | Report Abuse

And where the "SmartMoney" is going:
https://oilprice.com/Energy/Energy-General/Private-Equity-Scoops-Up-Oil-And-Gas-Assets.html

Posted by Sslee > 2022-09-21 08:45 | Report Abuse

Brent already peak at USD120+ in Q2 2022.
For Q3 most likely average USD90+.
Moving forward will it normally to USD 70-80 range?

Posted by zhangzuode > 2022-09-21 09:16 | Report Abuse

Sslee, on what basis do you think that oil price will move to 70-80 range?

Posted by Sslee > 2022-09-21 09:24 | Report Abuse

Because the great democracy of EU and defender of open and free market economy is now preaching socialism.
No incentive for oil companies to earn more so might as well take a long winter holiday.

The EU executive plans to raise about €140bn (£121bn) by imposing windfall taxes on energy companies’ “abnormally high profits” and redirecting proceeds to households and businesses struggling with soaring bills.

Posted by rr88 > 2022-09-21 09:36 | Report Abuse

I told u to stay away.
Now you only can see arr.

Clearly a negative divergence, continuing its previous downtrend.

I told u many2 times tp 0.54/0.55. Its clear in its chart. This is where its headed.

Posted by BobAxelrod > 2022-09-21 09:38 | Report Abuse

LOL.....rr888 is back. Now everyone can buy at 55c............

Posted by BobAxelrod > 2022-09-21 10:23 |

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Posted by BobAxelrod > 2022-09-21 10:48 | Report Abuse

Closing today at 95/955c would be superb!

Posted by BobAxelrod > 2022-09-21 11:24 |

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Posted by skyjet > 2022-09-21 12:24 |

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