Commodities
The first half of 2018 has been bullish for oil prices. But after touching the US$80 a barrel for the first time since 2014, the commodity is fast losing its steam. The Brent crude oil is trading at about US$74, a drop of about 6 dollars a barrel since its peak. The WTI crude oil […]
... written on Jun 06 2018The world is having terrible headache dealing with American President Donald Trump. This is perhaps the most flip-flop president the country has ever had. After telling all and sundry that he will meet North Korean Kim Jong-un, the U.S. leader scrapped the plan, only to revive it. It’s safe not to bet if the summit […]
... written on May 31 2018Had Najib Razak won the 14th general election on May 9th, his first foreign visit will most likely be China. He would go there and brag how his Barisan Nasional coalition government had used President Xi Jinping photo on campaign billboard. He would offer Xi to restart the stalled “Bandar Malaysia” project in exchange for […]
... written on May 27 2018Brent crude oil, the international benchmark for oil prices, breached US$80 a barrel on Thursday for the first time since 24th November 2014. However, the contract eased back to below US$80. Trading at US$79 now, it appears the commodity is looking for excuse to breach the US$80 again. And it’s President Trump’s fault. Last […]
... written on May 19 2018Oil is bullish, and there’s no sign that it is slowing down. Thanks to Donald Trump, the crude oil would only go north. The U.S. president wants to “Make America Great Again”. He also wants China to fix US$347 billion trade deficit that the U.S. is suffering, creating a trade war in the process. He […]
... written on May 01 2018Saudi Arabia is happy with the rise of crude oil prices. The OPEC, Russia and several other producers began to reduce supply in January 2017 in an attempt to erase a glut. The supply-cutting deal involves cutting 1.8 million barrels a day through March 2018, subsequently extended until December 2018. Saudi is looking at US$80 […]
... written on Apr 23 2018Enjoy the party while it lasts, as the saying goes. In the case of about 32 million Malaysians, they still have another 3 weeks to enjoy low petrol or fuel price. After 9th May, depending on the global crude oil prices, the whole country could be in a shock as price at stations would show […]
... written on Apr 19 2018Effective today (Wednesday), U.S. companies will be required to put down a 178.6% deposit for sorghum shipments to China. Beijing calls it a “temporary anti-dumping measure”. But every Tom, Dick and Harry knew this is nothing but a slap in the face for Trump administration. This is a warning shot that China refused to be […]
... written on Apr 18 2018Business has been roaring for American shale producers. No matter how much and fast they drill, it appears they can’t beat the Arabs, whose production cut works marvellously. Crude oil prices continue skyrocketing with extremely strong support at US$60 a barrel. Global inventories have plunged. OPEC can actually imitate President Trump and says – “Mission […]
... written on Apr 16 2018Less than 24 hours after President Donald Trump unveiled a list of Chinese imports that his administration aims to target, China strikes back with its own tariffs on U.S. products. Trump’s US$50 billion tariffs in Chinese imports cover a staggering 1,300 categories of products, arguably the most aggressive trade war against the Chinese. The slap of 25% […]
... written on Apr 05 2018
