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US asked UAE to pursuade Saudi Arabia to increase oil supply to make up 14mil barrels per day shortage from Russia.. I doubt Saudi Arabia will help. Biden so arrogant he doesnt want to talk to MBS --> Mohammed Bin Salman who is managing Saudi Arabia Aramco and affairs.
UAE+Iraq+Iran+Venezuela combined cannot come out with 14mil barrels per day.
Mideast is still 5hours away early in the morning. Lets see when they woke up, what they will do to BZ=F & CL.0.
OMG Mr Wong. The last time ppl dont want to drill oil was when oil price at USD20. There were 30 oil wells in Terengganu as far as 30km from Terengganu shore. Out of 33 oilwells, only 7 wells were on production.
Many oilers e.g. Haliburton, FMC, Schlumberger were out of work.
You need to do more homework, bruh.
Ken, OPEC and EIA provide monthly and annually forecasts on crude oil average price. Based on oil production, inventories and consumption, all average prices are above USD110boe.
JP Morgan and Goldman Sach predict oil price will increase to USD180/150 this year.
Hibiscs will increase oil production capacity to 50,000bpd when all oil wells which now under development turns to production phase by mid next year.
Ken.. OPEC, EIA, JP Morgan, Goldman Sach are world class International Organization compared to Top Glove's manufacturing facilities located in Jalan Kapar/Meru, Klang.
Answer to your question, Ken. I am not a mathematician but I can do simple BusIntel and mathematics.
Ken.. Pop quiz. Have you ever wonder how operating company raise their crude oil from several kilometers deep through high alloy casing tubes without oil leaking to their sea?! You have no idea, do you?
Yoo nazr..... Dont waste your time for the ppl that don't understand what is necessity goods and what is urgently needed goods...... I do appreciate his point that we should be caution but will forgive his ignorance....
break even price for hibiscus is usd 40 per barrels, shale oil player in us reluctant to increase production , chill , everything will be fine for hibiscus ,at least till 3q this year, unlike gloves stock last time, pe is like 100, lol which is ridiculous lol, hibiscus pe is like 14 pb 1.6 , where got over value..lol trader wanna earn nadir lemak then run, ok good for them , I will wait for contributions for repsol to roll in next q ..3 month only..chill guys
