Brent crude oil hits 2015 high as U.S. output slows
http://www.theedgemarkets.com/my/article/b...-0?type=Markets

Yes, there are too much volatility.
Rig counts in states continues to fall but inventory still show extra.
Never the less, I am hoping a bullish chart.


This post has been edited by stanzai: Apr 17 2015, 01:46 AM

quite sure u already know below. what r local o&g service cos. doing?

I din really know that news, but I am not surprised. I am still hearing people get laid off constantly here in the states.

I did ask my friends about the O&G market condition in Msia (especially the upstream contractors). They told is not doing good, but at least most of them are still retaining their job, most of the lay off target the contract staffs at the moment.
Operators on the other hand is not affected badly,I hear is business as usual for them.

So I guess the main difference here is definitely the operating cost. i would say it is only 1/3 or even less the operating cost when compared to that in the states/europe.

But upstream drilling companies like SLB,Halliburton/baker is a bit different, because their operating cost relatively high and consistent throughout the world, so no one is immune. Imagine, no ones want to drill but still maintaining high operating cost.

But of course, if the market continues to be shitty then mass lay off every where is imminent .

that bit about slb, i fully understand. a bit more below if u hv not read. one can see these guys are prepare for the worst, they don't ever take the position "relax, all will be good tmrw". hence, a great stock to own!
http://www.cnbc.com/id/102598045

next month the petrol will increase???

if follow world price & USD.. will increase next month but if gomen decide not to.. then no difference

Please no no no!

if oil prices stay at current levels, i think petrol price will go up by 15-20 sen/liter on 1 may.

and then comes kopi/teh price incr... gst effect will be drowned.

that's what it will be with "floating" mechanism and no more subsidy.

Not too bad? are you serious ts? when oil prices rose, inflation rose in tandem. when oil prices fell, prices didn't budge. The whole "floating" mechanism was a big sham and is influenced by the oil conglomerates. Local pumps barely reflected market prices over the past few months.

Oil prices drop as Middle East tension ease
http://www.theedgemarkets.com/my/article/o...-0?type=Markets

WTI for Jun is currently 56.04
Brent for Jun is at 61.62

Looks like petrol prices at the pump for May will increase for sure...

Dont wait until the last day to line up ya guys

gomen not using tis month (April) avg price to set retail fuel price for May?

This post has been edited by nexona88: Apr 22 2015, 01:09 PM

Huh?

There is NO "april" price anymore....

These are commodities futures.. its for future delivery... the most "current" month for WTI/Brent currently is JUNE

usd weak, rm gained. will oil and rm continue to gain?

Jan 29 2015
usd44.50
3.6375
Feb 4 2015
usd52
3.564
Feb 11 2015
usd50
3.60
Feb 18 2015
usd54
3.595
Mar 4 2015
usd51
3.6475.
Mar 10 2015
usd49.60
3.705
Mar 18 2015
usd44.12
3.709
usd46.13
3.6725
Mar 19 2015 7pm
usd45.34
3.708
Mar 27 2015 7pm
usd50.55
3.687
Mar 30, 2015 5pm
usd 48.10
3.713
Apr 6 2015 6pm
usd51.60
3.6395
Apr 16 2015 6pm
usd 56.06
3.6550
Apr 27 2015 6pm
usd 56.80
3.5685

Jan 29 2015
usd44.50
3.6375
Feb 4 2015
usd52
3.564
Feb 11 2015
usd50
3.60
Feb 18 2015
usd54
3.595
Mar 4 2015
usd51
3.6475.
Mar 10 2015
usd49.60
3.705
Mar 18 2015
usd44.12
3.709
usd46.13
3.6725
Mar 19 2015 7pm
usd45.34
3.708
Mar 27 2015 7pm
usd50.55
3.687
Mar 30, 2015 5pm
usd 48.10
3.713
Apr 6 2015 6pm
usd51.60
3.6395
Apr 16 2015 6pm
usd 56.06
3.6550
Apr 27 2015 6pm
usd 56.80
3.5685
Apr 30 2015 6pm
usd 59.00
3.5630


news is ron 95 petrol price will go up 20 sen at midnight tonite.

ron97?

SOS man, SOS. Until now no news at all

go fill up now, save one lunch money!

ron95 should be up 20 sen->2.15
ron97 unchanged.

I doubt so, as we have 2 bi-election on the way.