Good morning mooers! Here are things you need to know about today's market: ● Mixed Market Movements with Bitcoin Reaching New Highs and Varied Index Performances ● Optimistic Outlook for Malaysia's Export Growth Despite October's Underperformance ● Airbnb Advocates for Fair Regulations in Malaysia's Short-Term Rental Sector ● Stocks to Watch: Hibiscus Petroleum, Dutch Lady, Dial...
$HIBISCS (5199.MY)$Another O&G is trending down and broken all supports , does not looking positive in the short to mid term. 1. Depressing oil price due to groomy economy forecast around the world i.e. China, Europe 2. Oversupply will be exacerbated with peace deals being hammered out after Trump''s inauguration + more “drill-baby-drill”activities in US. Today, US is the largest O&G producer and net exporter .. the oil price is no longer decided by OPEC+ as ...
$HIBISCS (5199.MY)$KUALA LUMPUR (Nov 19): Hibiscus Petroleum Bhd’s (KL:HIBISCS) net profit fell 51% year-on-year (y-o-y) in its first financial quarter ended Sept 30, 2024 (1QFY2025), dragged down by planned shutdowns at four of its assets, lower oil and gas prices and the strengthening ringgit versus the US dollar in the quarter under review.
Any chance Oil price will drop further when Trump officially starts to work as the President of the USA. His policy is to lower down US Gasoline prices to a more affordable price as he promised to lower down the cost of living in the US during his rally speech? One way is to release more reserve oil fields to boost up US production capacity.
田東正
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Americans have high wages, and shale oil has high extraction costs. American petroleum has no competitiveness in the international oil market, just like the American auto industry, which can only rely on government subsidies to survive!
Dragon Fish
OP
田東正
:
Are you kidding? The US is the largest oil producer now. Can anyhow produce as they like without need OPEC+Russia approval. investingnews.c...
Dragon Fish
OP
:
During Donald Trump's first term (January 2017 - January 2021), oil prices varied significantly due to various economic and geopolitical factors, as well as the onset of the COVID-19 pandemic. Here’s an overview of the range: 1. 2017 - 2019: Oil prices generally fluctuated between $45 and $75 per barrel (WTI crude). 2017: Prices started around $52 per barrel, gradually rising to about $60 by year-end. 2018: Oil prices peaked near $76 per barrel in October, but by year-end, they dropped below $50 due to market adjustments. 2019: Prices mostly stayed in the $50-$65 range, influenced by U.S.-China trade tensions and OPEC production adjustments. 2. 2020: This year was highly volatile due to the pandemic. Early 2020 saw prices in the $50-$60 range. In April 2020, WTI crude futures went negative briefly (reaching -$37 per barrel) because of a collapse in demand and storage capacity issues. Prices recovered to around $40-$50 per barrel by the end of the year as the economy began to recover and supply cuts were implemented. Overall, the range of oil prices during Trump's first term was roughly - $37 to around $76 per barrel, though prices were mostly in the $45-$75 range during normal economic conditions.
HIBISCS Stock Forum
2024-11-20
Hibiscus is dropping further
A good opportunity is coming
● Mixed Market Movements with Bitcoin Reaching New Highs and Varied Index Performances
● Optimistic Outlook for Malaysia's Export Growth Despite October's Underperformance
● Airbnb Advocates for Fair Regulations in Malaysia's Short-Term Rental Sector
● Stocks to Watch: Hibiscus Petroleum, Dutch Lady, Dial...
1. Depressing oil price due to groomy economy forecast around the world i.e. China, Europe
2. Oversupply will be exacerbated with peace deals being hammered out after Trump''s inauguration + more “drill-baby-drill”activities in US. Today, US is the largest O&G producer and net exporter .. the oil price is no longer decided by OPEC+ as ...
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