CAPEX has been at its lowest for so many years. As demand catches up, supply stagnate due to poor investments in CAPEX. Hence , the world now will have oil shortage.
Hi PanjiAlam55, why run? Dow down only a little bit due to some correction. Oil is surging up! Reach make more profit if oil goes up and up. At the last Qtr, oil only around 70, Reach already made its maiden profit. Now oil is otw to 90!
Reach was once an infant in the oil industry. It started in 2016 with the purchased of Emir - Oil . In May 2017, Reach took full control of Emir Oil which has a size bigger than Singapore. With the right timing of brent oil price surging plus CPF completing soon, Reach will go back to its days of 75s much sooner than expected
Don't worry guys..afternoon will got show again..CL oil 72.33 above Brent oil 80.70 above..Trump said any country also cannot buying IRAN o&g..IRAN per day production oil for export is 2million barrel..if stop it will make oil price higher again..Trump said if which country keep buying IRAN oil will get punishment by America.. this Trump is too crazy and like king..
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....
Nicholasming91
3,559 posts
Posted by Nicholasming91 > 2018-09-24 18:25 | Report Abuse
Anyone know what is going on with US-Iran sanctions