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Oil rose on Monday in choppy trade, with Brent crude topping $113 a barrel, as outages in Libya deepened concern over tight global supply amid the Ukraine crisis, offsetting worries over slowing Chinese demand.
Adding to supply pressures from sanctions on Russia, Libya’s National Oil Corp on Monday warned “a painful wave of closures” had begun hitting its facilities and declared force majeure at Al-Sharara oilfield and other sites. - Reuters
CAIRO (AP) — Tribal leaders in southern Libya shut down the county’s largest oil field, authorities said, the latest closure of an oil facility amid a bitter standoff between two rival governments.
Oil production at the Sharara field has been stopped & the state-run National Oil Corp. declared force majeure at the field, produces around 450,000 barrels a day. Force majeure is a legal maneuver that enables a company to get out of its contractual obligations because of extraordinary circumtances.
US natural gas prices reached their highest levels in more than 13 years on Monday, with futures jumping over 3% to trade as high as $7,569 per million British thermal units. Record shipments of liquified natural gas (LNG) to Europe, in order to replace Russian supplies, have been boosting domestic prices. For the year, US natural gas prices are now up 102%.
although not all, certain information by nazr was informative. not sure all of them r necessarily making stock price fly but those whom intentionally say nonsense expecting to influence others to sell, do it in your dream.. it wouldn't work.
Oil prices remain at elevated levels in volatile trading on Tuesday as investors weighed demand concerns against tight global supplies after Libya halted some exports and as factories in Shanghai prepared to reopen following a COVID-19 shutdown. Fuel demand in China, the world’s largest oil and natural gas importer, could begin to pick up as manufacturing plants prepare to reopen in Shanghai.
The International Energy Agency (IEA) said in a monthly report last week it expected Russian oil output losses to grow to 1.5 million bpd in April and to double to 3 million bpd from May because of sanctions and buyer aversion.
It's day trading setup by market maker. Shareholders has high confidence in Hibiscs. Holding power is still strong. Crude oil and Natural gas give good earning to Hibiscs. Why should I sell. I even buy more.
yuhuu... You will all get your money more than you think soon... Its the money so much. I got to know you as well.... I am waiting for hydrogen fuel cell motorcycle la....hehehehe
I will wait until Hibiscs achieve her main target of oil production of 50,000 bpd. I think they can achieve this. First Hibiscs will start adding oil fields in UK e.g. Teal and etc.. Then oil fields in Australia which are now still under development..
Omg hahahaha.... These's guys really makes me felt that they are so much in love with nazr hahahaha.... They follow him everywhere and alway try to get his attention wahahahahahahaa.....