everyday, either credit suize slurps or Pacific slurps both size is accumulating the shares at 44cts, not much meat left if payback is 0.456 something they and Hadi know that we don't...
NEW YORK (Jan 28): Oil futures surged on Wednesday after Russia indicated there was a possibility of co-operation with OPEC, fanning hopes for a deal to reduce a global oversupply that sent prices to the lowest levels in over a dozen years last week.
A statement from Russia's energy ministry left the door open to talks with OPEC, moments after the head of Russia's pipeline monopoly said officials have decided they should talk to Saudi Arabia and other OPEC members about output cuts.
The top non-OPEC producer, Russia has in the past been unwilling to cut oil output, as it battles for market share with OPEC output leader Saudi Arabia.
Oil rises towards US$34 on chance of production cut
LONDON/SEOUL/TOKYO/SINGAPORE (Jan 28): Oil rose towards US$34 per barrel on Thursday, hitting a three-week high and bouncing well off a 12-year low set this month, supported by the possibility that major producers may cooperate to cut production.
Russian officials have decided they should talk to Saudi Arabia and other OPEC countries about output curbs to bolster oil prices, the head of Russia's pipeline monopoly said.
Members of the Organization of the Petroleum Exporting Countries such as Nigeria and Venezuela have called for cuts to bolster the oil price, which has halved since last May.
a 5% production cut by just Saudi Arabia and Russia would be sufficient to bring the market close to balance," Jefferies said in a research note on Friday, referring to Russia's comment.
Moscow has sent mixed signals, eventually saying veteran minister Sergei Lavrov, who almost never comments on oil policies, would visit the UAE and Oman to discuss oil markets. Cash-strapped Venezuela is also sending its oil minister to Russia on a tour beginning today of non-Opec and fellow Opec states. "The market has rewarded these statements about the possibility of a deal, even though I think it's ridiculous," said John Kilduff, partner at Again Capital LLC in New York. He noted that Iran and Iraq were determined to boost production, and were unlikely to come together with Saudi Arabia to cut Opec output. The Saudis have made no official statement on a deal. "This is a rally on false hopes, unfortunately" Other analysts said prices may have found a bottom and could rally as high as US$45 by year-end as non-Opec supply is reduced and global demand improves. US oil production fell in November for the second straight month and US shale producers, who have helped add to the glut, have slashed 2016 capital spending plans more than expected. Meanwhile, the US oil drilling rig count fell for the sixth straight week with more cuts seen, oil services company Baker Hughes Inc said. "With more energy companies announcing cuts and Opec contemplating a cut, it looks like oil is forming a bottom," said Phil Flynn, an analyst at Price Futures Group in Chicago. "Now the question becomes how high can they go. The charts look like a test near US$40 is on the cards." - See more at: http://www.themalaysianinsider.com/business/article/oil-rises-pares-losses-in-january-on-hopes-for-production-deal#sthash.avjc68Nm.dpuf
No point oil go up if they still no WA! Suppose to have had results dec to Jan time. Now February also no announcement. !! It has remain around this price for so long. Where is the WA?!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
akhan1717
64 posts
Posted by akhan1717 > 2016-01-26 11:00 | Report Abuse
i bet sona is a good bet..just wait after CNY....