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Let s talk oil.
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Lucky03
Elite |
07-May-2016 23:25
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How will this shake up OPEC and the oil market ? There are serious supply disruption from the following :
1. raging wildfire in Canada that's expected to double by tomorrow with numerous large oil companies already declaring force majeure for no deliveriy (this may result in US drawdown of reserve as Canada is a big supplier) 2. the attack of oil field in Nigeria with similarly oil companies also declaring force majeure 3. US continues to see production cut and 4. Iran declaring that it has hit it's pre-sanction production ceiling and now ready to discuss production freeze so unlikely to add more to market. Now the news below is a major unknown in term of Saudi's strategy now. The former Saudi Minister is key to the last 2 years of Saudi cause to protect market shares at all cost that led to the collapse of oil prices over last 2 years. Saudi Arabia ousts longtime oil minister Associated Press 22 mins ago RIYADH, Saudi Arabia (AP) -- Saudi Arabia has replaced its long-serving oil minister as part of a larger ongoing government shakeup. A royal decree on Saturday announced that Ali al-Naimi has been replaced by Health Minister and Saudi Aramco board chairman Khaled al-Falih. Al-Naimi has long been a pillar of Saudi oil policy, leading the Ministry of Petroleum and Mineral Resources since 1995. Prior to that role he'd served as the president of oil giant Aramco. Under a new Saudi leadership led by King Salman, the king's son Deputy Crown Prince Mohammed bin Salman has largely been overseeing Saudi economic policy along with a handful of new ministers. The changes announced Saturday come as the government plans wide reforms aimed at overhauling the Saudi economy amid lower oil prices that have eroded state revenues. |
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Maller
Elite |
05-May-2016 21:40
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Lets see Mermad Maritime got jump? |
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golden_SGX
Master |
05-May-2016 20:39
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WTI Crude Oil US$45.28 almost catching up the price of Brent Crude US$45.87 now .... |
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makdatok
Supreme |
05-May-2016 16:08
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Crude surge 3.4% to 45.3...birdie shorted now left crying...hiak3 | ||||
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makdatok
Supreme |
04-May-2016 07:56
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Hihi..d moment eb advised ppl to short oil n dow,they rise up...hiak...keep burning d pocket...hiak3 | ||||
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makdatok
Supreme |
03-May-2016 23:35
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I didnt trade today but at least still hv medium term play coz still believe in midterm sentimen.. | ||||
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makdatok
Supreme |
03-May-2016 23:32
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No need to ask ppl how to trade when u urselve r newbie..mr EB aka victor..so easy to spot ur ego n emo...last week u said trade oil for 40 yrs...but 3 months ago u admit nvr trade b4..couple of weeks after that,u admit trading for d first time...now everyone knows ur dirty lining...no face to hide...hiak hiak hiak | ||||
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makdatok
Supreme |
03-May-2016 23:24
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Oil,dow,gold oredi red,now then come n ask to short...as usual,talk when ppl oredi know...what a nutshell..hiak3 | ||||
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makdatok
Supreme |
03-May-2016 23:20
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Well..d real nut is u who just hantam saying chart shows u 76...what a nut..just anyhow hantam..read too much chart cause ur brain to reverse ..hiak3
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victortan
Elite |
03-May-2016 23:19
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we shorted dow and DAX , oil n gold, all trader are selling, only u nut are praying. too late, keep praying for your own demise. u n risktaker, goodbye. see u both in June or maybe when i m free.LOL hiakhiakhiak..heehehehe |
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makdatok
Supreme |
03-May-2016 23:17
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Waa..read that im going to sleep,u kump in..hiak
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victortan
Elite |
03-May-2016 23:17
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You know how to trade,look at the way u talk rot, we knw uu are a sotong, just buy n hold, i dont think u really trade, u and risktaker are nut. 
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victortan
Elite |
03-May-2016 23:15
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Loss till fall asleep .hiakhiakhiak,LOL 
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victortan
Elite |
03-May-2016 23:14
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Green yr head, I think u and risktaker need more oil to rub on yr asxhole. Dont knw talk coxk, kay kain. we already sell 90% over end of April, sell in May.LOL Mad datuk and ristaker can now enjoy the excess oil to rub on their backside.
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makdatok
Supreme |
03-May-2016 23:11
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No mood to trade today...might as well sleep early..gd nite ..hiak | ||||
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makdatok
Supreme |
03-May-2016 23:09
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Px might hv factored in d API result by d leak..could turns positive when real result out.. | ||||
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makdatok
Supreme |
03-May-2016 22:30
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Some say theres a leak in API news..13mio built up?..market oredi reacted?.. | ||||
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sharenewbie0301
Veteran |
03-May-2016 22:25
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Yeah. It did not follow but down i think it will follow. Thats how sg shares seem to work. Anyway im vested in sg oil shares but disappointing. .
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CraigFoo
Elite |
03-May-2016 22:24
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Maybe you should go check when oil moves from 37 to 46... the oil stocks in singapore did not follow. In fact it went down.
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sharenewbie0301
Veteran |
03-May-2016 22:19
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Wah if break 43.82 gg. Tomorrow sg oil shares die
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