Oil and oil stocks will start up move this after noon.
#61
Laughing
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#62
16-9-2019 8:03 AM
sgbuffett said:
The title is oil and oil stocks.
In your brain you can accept oil has gone up.
Sembcorp marine ...Transocean and vairous rig related stocks will also go up

25-9-2019 7:13 AM
5354 said:
An opportunity for you to get out.

From your stupid Sembcorp Marine mistake.

The Saudi oil facility will be back to normal capacity.

In a few months.

And there are reserves, around the world.

----------------

Next time just do it.

Oil price today lower than before the drone attack.

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https://www.zerohedge.com/energy/oil-era...ons-report

Oil Erases All Saudi-Attack Gains After Iran Sanctions Report

[Image: 2019-09-27_5-44-09.jpg?itok=6Y733nJ8]
He, being poor, has only his lies
He will do his utmost to cover his lies
Against PAP and PM Lee, he will spread lies
Alone, a bleak future, he will realise......

[Image: vbcwidx.png]
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#63
Laughing
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#64
Laughing
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#65
https://www.bloomberg.com/news/articles/...om-attacks

Aramco Fully Restores Oil Output as It Recovers From Attacks
By Anthony Dipaola and Manus Cranny
October 1, 2019, 12:20 AM GMT+8 Updated on October 1, 2019, 1:58 PM GMT+8

- Saudi output ‘little bit’ more than 9.9m b/d now: Trading CEO
- Aramco didn’t miss any contracted shipments after the strikes

Saudi Aramco is producing more than 9.9 million barrels a day of crude as it fully recovers from the worst-ever attacks on its energy infrastructure.

Output reached that level on Sept. 25 and is a “little bit” higher now, Ibrahim Al-Buainain, chief executive officer of state-owned Aramco’s energy trading unit, said at Fujairah in the United Arab Emirates. Saudi Arabia has also restored some spare capacity following the Sept. 14 attacks, he said.

The aerial attacks highlighted the fragility of global supply chains and the vulnerability of an industry that is Saudi Arabia’s lifeblood. They also underscored the risk to reliable energy flows from the Persian Gulf after a series of tanker bombings in May and June.

“On the 25th, yes, we reached that target of production,” he said. “We produce depending on the market and depending on capacity, so actually we are a little bit higher than this.” Aramco is maintaining crude exports at about 7 million barrels a day and pumping more than it did before the aerial strikes as it replenishes stockpiles, he said.

Aramco has said it’s committed to meeting demand from all of its customers and didn’t miss any contracted shipments. Oil markets surged after a swarm of explosives-laden drones and missiles struck some of Saudi Arabia’s biggest processing plants, knocking out about 5% of global crude supply.


Al-Buainain had initially expected the attacks to push oil prices higher by $10 a barrel. While Brent surged as much as $11.73 on the first trading day after the attacks, it has since given up most of that gain as Aramco quickly restored capacity and production and global demand remains a concern. Brent crude was $59.68 a barrel at 9:11 a.m. in Dubai, trading below the close on the day before the surprise assault.

Saudi Aramco Oil Refineries Attacked by Drones
Workers repair tank structures at Saudi Aramco’s Abqaiq processing plant on Sept. 20.Photographer: Faisal Al Nasser/Bloomberg
Read: Saudi Oil Capacity Recovers Faster Than Expected From Attack

Aramco is building redundancy into its systems that allowed the company to be resilient after the damage to the Abqaiq processing plant and Khurais field, Al-Buainain.

It cut refinery runs at home in the days following the strikes to make more crude available to customers, while offering some of those buyers alternative grades to meet its supply commitments. Aramco Trading, which Al-Buainain heads, also bought refined products on the market, ostensibly to make up for any fuel shortfalls at home.

However, Al-Buainain said Aramco Trading was operating normally, without needing to buy alternative refined fuels to meet domestic demand or crude to supply international refinery ventures.

Aramco Trading, officially known as Saudi Aramco Products Trading Co., buys and sells crude produced in other countries and procures non-Saudi oil for the company’s joint-venture refiners.
He, being poor, has only his lies
He will do his utmost to cover his lies
Against PAP and PM Lee, he will spread lies
Alone, a bleak future, he will realise......

[Image: vbcwidx.png]
Quote
#66
https://www.bloomberg.com/news/articles/...d-cautious

Oil Slides to its Worst Quarter This Year on Demand Worries
By Catherine Ngai
September 30, 2019, 6:38 AM GMT+8 Updated on October 1, 2019, 3:21 AM GMT+8

- Saudi prince endorses non-military approach to Iran clash
- Brent settles near $61 a barrel, down about 8.7% this quarter

Oil recorded its weakest quarter since late last year as fears over a global economic slowdown overshadowed an unprecedented attack on Saudi Arabia’s key energy facilities.

Brent futures slumped 8.7% since the end of June after a brief spike earlier this month due to drone strikes on the Abqaiq processing facility and Khurais oil field. Despite some skepticism from the market, Saudi Aramco has already returned to producing more than 9.9 million barrels a day of crude, and this quicker than expected timeline coupled with the subsequent sell off in prices has underscored investors’ focus on weakening oil demand from slower economic growth and the U.S.-China trade war.

[Image: -1x-1.png]

“Oil supply remains quite adequate and the U.S. has a lot of oil,” said Phil Streible, senior market strategist at R.J. O’Brien & Associates. “The economic picture might be weakening a bit, so demand is softening with that.”

Political tensions have abated somewhat since the Sept. 14 strike on Saudi Arabia as the parties involved take a cautious approach. The kingdom’s Crown Prince Mohammed Bin Salman warned that war between his country and Iran would bring a “total collapse of the global economy” and should be avoided. He added he prefers non-military pressure to stymie Iranian ambitions. The U.S. and Saudi Arabia have blamed Iran for the attacks, though the Persian Gulf nation denies it.

Meanwhile, Saudi Arabia has agreed to a limited cease-fire in several areas of Yemen including the capital Sana’a, which is controlled by Iran-backed Houthi rebels, a Yemeni government official said last week, further easing tensions in the region.

Brent for November settlement, which expired Monday, fell $1.13 to $60.78 a barrel on the London-based ICE Futures Europe Exchange. Prices are up 0.6% this month. The more-active December contract was down $1.79 to $59.25. The global benchmark crude traded at a premium of $6.71 to West Texas Intermediate.

WTI for November delivery lost $1.84 to settle at $54.07 a barrel on the New York Mercantile Exchange. Prices slipped 1.9% this month, and down 7.5% for the quarter.
He, being poor, has only his lies
He will do his utmost to cover his lies
Against PAP and PM Lee, he will spread lies
Alone, a bleak future, he will realise......

[Image: vbcwidx.png]
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#67
Laughing
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#68
Laughing
Quote
#69
16-9-2019 8:03 AM
sgbuffett said:
The title is oil and oil stocks.
In your brain you can accept oil has gone up.
Sembcorp marine ...Transocean and vairous rig related stocks will also go up

Sembcorp Marine went down, one way

Price on 16 Sep, $1.33 high.

Today $1.15.

Sgbuffett did not listen

When told to get out

Now the fate of his Sembcop Marine shares

Which he bought at $1.82

And bought more at $1.40

Lies in the palm of Temasek
He, being poor, has only his lies
He will do his utmost to cover his lies
Against PAP and PM Lee, he will spread lies
Alone, a bleak future, he will realise......

[Image: vbcwidx.png]
Quote
#70
3-10-2019 9:33 AM
5354 said:
Sembcorp Marine went down, one way

Price on 16 Sep, $1.33 high.

Today $1.15.

Sgbuffett did not listen

When told to get out

Now the fate of his Sembcop Marine shares

Which he bought at $1.82

And bought more at $1.40

Lies in the palm of Temasek

When sgbuffett criticize Temasek

For their investment decisions

He is also slapping his own face

Why?

Because he PLP a Temasek stock
He, being poor, has only his lies
He will do his utmost to cover his lies
Against PAP and PM Lee, he will spread lies
Alone, a bleak future, he will realise......

[Image: vbcwidx.png]
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