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SembCorp Industries
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jazzietan
Veteran |
17-Feb-2016 22:32
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All the best to us
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earlybird14
Supreme |
17-Feb-2016 22:19
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Inventory down -0.3 mio last week due to 1.1mio less import. This week may be drop continually.
Oil price too low at wti market, so nobody want to import to US or below their cost, especially from canada oil sand.
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earlybird14
Supreme |
17-Feb-2016 22:15
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Bought a lot between 26-31. Have to stop loading, otherwise, the ratio of investment become inbalance.
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Lucky03
Elite |
17-Feb-2016 21:46
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Maybe there is expectation that US crude production will drop tonight Insead of increase ?
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papayaface
Supreme |
17-Feb-2016 21:04
Yells: "This is the best time to enter....when everythings uncertain" |
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Wah, crude and Dow futures cheong tonight. Watch the market fly. Good luck |
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makdatok
Supreme |
17-Feb-2016 20:46
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So long theres trace of news on saudi,all other news r secondary..unless saudi news idling collecting dust,bull will be on standby...even if theres 100mio global surplas,if saudi lay out its bullish intention,other news will be render.."irrelevent"..eheeem | ||||
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jazzietan
Veteran |
17-Feb-2016 20:11
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Wah, thot u buy abit when oil at $30...waiting buy more when it below $25?
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benjidog
Supreme |
17-Feb-2016 19:42
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Meeting with Iran just started as at now Wednesday. See also http://www.reuters.com/article/us-oil-meeting-idUSKCN0VO2FJ                                          |
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earlybird14
Supreme |
17-Feb-2016 19:00
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I am in a lot liao, patiently waiting loh. For sure after march to april, oil price will be back to 50.
Now can only see all these wayang and speculation to shake shake at bottom. 1 day 5-7% up and down look a lot, but it is still within 1-2 dollar range. Compared to 110 to 30, 80 dollar drop, this is just a shaking show done by all these bankers. Patient to wait lah.
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sheerluck
Supreme |
17-Feb-2016 18:54
Yells: "Work for your money first then let your money work for you" |
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SA understand this so do you.  haha!
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jazzietan
Veteran |
17-Feb-2016 18:45
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U both very hd leh. Read alr like morale booster, kena steroid jabs. Wish u all are the oil shieks
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earlybird14
Supreme |
17-Feb-2016 18:41
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40mio is not a lot. Us has 500mio and world day production is 95mio.
So iran can keep these in their tank and agree on freeze plan to let oil price surge and slowly sell it away. Oil price at this level 30, is not really reflect demand or supply. It is a pure market sentiment to beat and kill bankers speculation of oil below 20. So long as opec members and russia give market some confident oil price will be supported to and move up at least to above 40-50. Then remove this crisis, next to talk about how to work together to control production and sell at good price. What is the point sell 500k bpd more at 30 dollar, if you can earn more by selling the 2mio bpd at 50-60 which can earn even more. Nobody is stupid, these oil coys are just stubborn. But working together is a sign they have pay for their stubborn. Market will react positively if iran join the freeze.
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earlybird14
Supreme |
17-Feb-2016 18:34
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They won't cut or can say they are not able to cut. How you are able to ask a dying Company not to produce oil to pay interest? They don't pump no money have to declare bankruptcy.
So shale oil or oil sand can only be killed cannot be cut.
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yNotcool
Member |
17-Feb-2016 18:33
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at the initial stage they dont need investment to increase export. they just need to export those 40m barrels stored in bunker or offshore storage. these numbers are currently building up (shippment to europe) and will be reflected only in march onwards. Shale oil is dying but EIA reporting is skewed. they are over estimating their production while increasing import in order to create the over storage issue (production stabilizing impression) but in actual fact they are buying in lots and lots of oil   to store as oil is at damn cheap price. shale is goner. but how long how it take for this fact to surface? a coordinated cut i think it unlikely in these two months. no reason for them to do so for temporary gain. not forgeting march economical indicators for many countries are historical proven to be one of the lowest if not the lowest in any year. one final pain 
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sriramanv
Master |
17-Feb-2016 18:31
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Iran needs 10 or 20 billion investments..but as u said, there wont be many interested to invest there due to the stability of iran etc., Iran can only make noise to increase production to certain extent.. Still SA and Russia are the main players and they have come to the table. So there must be some hidden agenda...i strongly feel the oill will go to 50-60$ range this year...
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earlybird14
Supreme |
17-Feb-2016 18:29
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Even 40, oil sand and shale oil still making loss with is about 8mio bpd production rate, not added high cost brazil 2.2mio bpd deep water drilling.
Market will know what to do.
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sriramanv
Master |
17-Feb-2016 18:28
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true, they no need to listen anyone...but if they dont cut, they die faster...they have to choose to die or cut production to increase price... they cannot go like pump maximum to get max $$$ which will make them die...if the prices increase, their margin will go up and can continue getting bank support...
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jazzietan
Veteran |
17-Feb-2016 18:27
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U hv a pt on iran. Lets see how they play this game and tbeir own. At least for these 2-3 days oil price stabilize
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earlybird14
Supreme |
17-Feb-2016 18:27
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If iran agree, oil can be back to 40 easily.
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earlybird14
Supreme |
17-Feb-2016 18:21
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Without investment, iran can only boost 500k bpd more. Now, who will invest at iran? Sanctions can come in anytime so long as they are funny, who invest, who has to think twice.
Now who has money, everywhere are cheat oil assets can be taken over. Why iran. Market over react iran sanctions impact to oil output.
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