with higher oil prices.petronas will utilised more oil rigs for the downstream. umwog is the only 2 locsl player's. oil price us at usd 68 per batrel far higher than the usd 40 per barell previously forecast
"Taking into consideration the above-mentioned facts, you might be amazed to discover that the world’s most expensive oil is Malaysian.
Tapis, the Malaysian crude benchmark traded in Singapore, has for a long time held the title of the world’s most expensive grade. Its lightness (43-45° API) and extremely low Sulphur content (0.04 percent) make for a highly valuable refining asset. At the time of writing it had broken the much-hyped $70 market.
However, having started production in 1979, Tapis has been falling since 1998 and its current production of 200,000 bpd is half of what it was 20 years ago. Hence, the most expensive oil grades now are Kikeh (35° API, 0.1 percent Sulphur), Miri Light (36.3° API, 0.08 percent Sulphur) and Kimanis (38.6° API, 0.06 percent Sulphur), currently trading at $4 per barrel premium to Dated Brent (in December 2017, they’ve oscillated in the +$4-4.50 per barrel premium interval).
In many ways, the Malaysian grades’ remoteness created this demand for them – Australian and Southeast Asian refiners are willing to pay the extra premium to have the crudes sooner than to wait for Brent (similar quality characteristics) or other grades to arrive there."
Higher demand for provision of upstream services due to higher demand for Malaysian oil grades (highest oil price grades in the world)
Robust O&G service provider locally and internationally!
The contra players had sold yesterday when its volume peaked from 279 mi,311 mi and 425mi... 425 mi were those either profit taking or shortings or contra players overly exposed which forced them to unload in the falling knife situation. Crude oil up n up again...and so fundamentally will benefit umwog greatly... Definitely , price will return normalcy in a more orderly way now...
Tak tau main share naik sikt mau jual ,collectlah simpan ,gua beli HIBISCS .45 simpan dalam 1 tahun sudah RM 1.08 lagi mau naik RM 1.50 ,lu beli 100 lot ,sekarang berapa wang ?,WANG BESAR OIIIII ?,lu main share keluar beli keluar beli siapa untung ?,Remiser untung ?,beli kasi simpanlah ?sudah naik cow cow baru jualah ?
Ini counter sure naik RM 2.00 dalam masa 1 tahun ,semua GLC sudah beli PNB ,KWSP ,TH ,KWAP ,lu ingat dia mau rugi ke?,dia orang beli by block ,dia fund manager sudah study betul betul ,my advise BELI SIMPAN ,tq.
Target 0.55-0.75. Year high was 0.92. After quarterly results (expect positive) are out should be close to 0.75. Now jerungs collecting. Consolidation, then flag formation breakout soon.
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....
Proact286
80 posts
Posted by Proact286 > 2018-01-10 06:13 | Report Abuse
$69 per barrel is a good sign it will jump new high today. wang besar coming!