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Falling Oil Prices - Where it leaves Malaysia, Not too bad afterall
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AVFAN
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 Apr 16 2015, 11:23 AM
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QUOTE(stanzai @ Apr 16 2015, 05:12 AM) Wall Street speculations etc. is definitely playing a role in this crisis. Despite report crude inventory in the states went up, the crude is still post a bullish trend. http://www.cnbc.com/id/102587037I personally dont see strong fundamentals though for this long term bull run with current oil out put, iran's uplift , etc. What are your thoughts guys? only demi gods will know as the variables are too many.  moreover, hedge funds moves can flex it in a major way. afaik, the massive longs haven't unwound yet: http://www.theedgemarkets.com/my/article/l...sking-new-slumpso, i'm with you - this run is probably temp, a lot more volatility ahead. |
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AVFAN
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Apr 16 2015, 06:41 PM
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oil rallied, so did rm.
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
This post has been edited by AVFAN: Apr 16 2015, 06:57 PM
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AVFAN
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Apr 17 2015, 09:36 PM
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QUOTE(stanzai @ Apr 16 2015, 10:38 PM) 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. quite sure u already know below. what r local o&g service cos. doing? QUOTE Schlumberger is cutting another 11,000 jobs, bringing the total to 20,000 this year, as slumping oil prices squeeze the world's largest oilfield services companies. https://finance.yahoo.com/news/ahead-bell-s...-131127752.html |
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AVFAN
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Apr 18 2015, 11:37 AM
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QUOTE(stanzai @ Apr 17 2015, 11:43 PM) 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 |
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AVFAN
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Apr 18 2015, 09:05 PM
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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.
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AVFAN
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Apr 27 2015, 06:06 PM
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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
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AVFAN
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Apr 30 2015, 06:39 PM
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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.
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AVFAN
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Apr 30 2015, 07:03 PM
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QUOTE(supersound @ Apr 30 2015, 07:00 PM) 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. |
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AVFAN
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Apr 30 2015, 10:33 PM
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QUOTE(supersound @ Apr 30 2015, 07:23 PM) I doubt so, as we have 2 bi-election on the way. turns out u right! Petrol and diesel pump prices remain the same, despite rising crude oil prices.
Retail prices for RON95, RON97 and diesel for May 2015 remain at existing levels, a Ministry of Domestic Trade, Cooperatives and Consumerism (MDTCC) spokesperson told Bernama today. |
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AVFAN
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Jun 1 2015, 08:46 PM
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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 Jun 1 2015 6pm
usd 59.74
3.6850this will be my last "tracking" post. after 4 months of tracking, i conclude oil price is only a small factor in usd/rm. m'sia... oil exporter, oil importer... maybe at neutral point - not as impt as some may think. more impt may be the bad poiltics, 1mdb, gst, inflation... plus investor and rakyat confidence. take good care of yr net wealth or debt. very difficult to save, very easy to lose! |
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