VELESTO ENERGY BERHAD
KLSE (MYR): VELESTO (5243)
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Last Price
0.18
Today's Change
0.00 (0.00%)
Day's Change
0.18 - 0.185
Trading Volume
2,292,200
Market Buzz
Discussions
29 people like this. Showing 50 of 24,305 comments
Oil jumps over $3 a barrel as Middle East conflict stokes supply worry
By Georgina Mccartney
October 4, 2024 3:14 AM GMT+8
Reuter
HOUSTON, Oct 3 (Reuters) - Oil prices surged on Thursday as concerns mounted that a widening regional conflict in the Middle East could disrupt global crude flows.
Brent crude futures settled up $3.72, or 5.03%, at $77.62 a barrel. U.S. West Texas Intermediate (WTI) crude futures settled up $3.61, or 5.15%, to $73.71.
Brent futures reached an intraday high of $77.89 per barrel, while WTI futures peaked at $73.97 per barrel, both hitting one-month highs.
1 month ago
Small investors won't be able to move the market. You need institutional investors/syndicates to drive up the market. We are just followers and sadly often the losers.
1 month ago
If you want strong oil price now then pray for full scale war in the Middle East but then only oil and may be plantation counters will go up while the rest will tumble.
1 month ago
Listening to news last 2 days, it looks almost sure Israel will strike Iran Oil Export terminals----Maybe next week
Oil will breach $ 80 +++ Iran will surely Hit Israel with 200++Ballistics Missile Again---My guess war
will not End so easily in 2024
1 month ago
It seems Vestrol contron price not to increase it, then better to reverse it to 5 cent
1 month ago
No worries. One major attack on Iran's oil production facility will change the O&G counters perspective forever for this year and the coming years. Iran is the 7th largest oil producer in the world (estimate 4.6 billion barrels per day).
1 month ago
Walaoeh, oil price spike up like mad !
Brent closed at=> $80.93 +2.88 +3.69 %
Heng ah, Ong ah, Huat ah !
1 month ago
Can't find HL numbers of shares held. I assumed that they already disposed of it. The latest I saw, KWAP joined in. Some signal that the big shark is showing interest now.
1 month ago
https://www.bloomberg.com/news/articles/2024-10-12/us-expects-israel-to-hit-iran-s-military-energy-sites-nbc-says
Latest news. If this materialize, then oil price will skyrocket 🚀🚀🚀
1 month ago
Israel has phosphorus bomb if they really want to burn down even metal pipings ( phosphorus bomb can
generate extreme Heat which will melt metal pipe --massive damage in making---I heard Israel PM say many
many times )
1 month ago
Velesto banyak fragile, oil price turun sikit dia jatuh mendadak. Oil price naik banyak dia jalan flat..banyak susah mahu predict ini velesto, tapi apa-apa boleh berlaku dalam stock market. Kena sabar je ler.
1 month ago
Torday, Velesto plotted a pair of Bottom Tweezers candle stick which signify trend will be reversed to ascend and make breakout resistance of RM0.25.
3 weeks ago
https://oilprice.com/Latest-Energy-News/World-News/Indonesia-Looks-to-Revive-Its-Oil-and-Gas-Industry.html
______________________
Velesto no longer has to depend on Petronas----I think Petronas will "lock-in " Velesto capacity in 2026--30
3 weeks ago
Indonesia population come very near 300mil ( Malaysia only 34mil ) Indon cannot afford EV within next 10yrs
so they have to depend on Oil extraction---Any Rigs movement from Malaysia water to Indonesia is fast and
cost much Less, ----much lower than said Thailand or Vietnam ( got monsoon weather )
3 weeks ago
https://www.upstreamonline.com/field-development/petronas-looking-to-build-on-its-thriving-business-offshore-indonesia/2-1-1727926
This will justify what SinGor mentioned earlier. Referring to this article, most probably, Velesto will divert their rigs to Indonesia off shore for an up-coming new contract, which is still under PETRONAS, but I guess PETRONAS will pay them much higher DCR...
3 weeks ago
https://www.thestar.com.my/business/business-news/2024/10/29/petronas-plans-significant-expansion-in-indonesia
JAKARTA: Malaysian national oil company Petroliam Nasional Bhd (PETRONAS) plans an “aggressive” expansion in Indonesia that will see it create a hub for its operations in East Java and invest in exploration in the country’s far-flung eastern regions, its Indonesia head says.
Indonesian President Prabowo Subianto’s government, which took office this month, has pledged to bolster energy development, aiming to reverse a decades-long decline in output by the former Organisation of the Petroleum Exporting Countries member.
2 weeks ago
As far as I know, Trump got mentioned that if he wins the election, USA will pull out of the Paris agreement.
1 week ago
3 assassins Capture by FBI who are suppose to KILL Trump before election are Hired by Iran ( revenge killing
bcos Trump ( US President then-- Order ) Iran General to be killed in a Drone strike )--Big Question on Monday,
Will Biden ask Israel to strike Iran next week bcos US policy is,-- USA can kill Iran General but Iran cannot kill
USA President ( not a fair world )
1 week ago
The potential merger between MISC and Bumi Armada is heating up. Petronas owns 51% of MISC's stake. Refer to the past news: PNB is willing to do the same if there is a good buyer. PNB also holds 13.25% of Bumi Armada shares. What's going to happen next, no one knows.
6 days ago
Velesto plotted double bottom candle sticks pattern between 9th September 2024 and 15th November 2024 and will reverse to ascend trend after breaking out of upper boundary of consolidation or Accumulation Phase recently.
3 days ago
Trump has said ( recently ) he will Cut subsidy to EV car---Tesla overjoy bcos All US Big Car manufacturer cannot
compete with Tesla----Forget Green tech in next 5 years ( Trump era ) Even EU has collapsed EV target----Oil
is still KING
2 days ago
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https://www.thestar.com.my/business/2024/10/02/oil-rises-on-escalating-tensions-in-the-middle-east
1 month ago