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Pinnacle Master	02-Nov-2007 21:26        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Asia Fuel Oil-Premiums down on heavy selling Asian fuel oil prices came off the previous day's record-highs on Friday, but remained above $500 a tonne as players sold down the cash and paper markets amid heavy pricing activities. Cargo premiums fell substantially while the product's crack spreads eased, but remained at near 19-month high levels, signalling a fundamentally strong market due to tight supplies. "Selling was very heavy today, in both the physical and paper markets as bear players tried to take advantage of the falling market to press their pricing interests," a Singapore-based Asian trader said. The 380-cst bunkers grade fell $10.75 to $491.55 a tonne, while its differential slipped to a premium of $1.38, down $1.18 on an aggressive cash offer and a narrowing backwardation. PetroChina offered for 20,000 tonnes, loading Nov. 17-21, at a premium of $7.00 a tonne to December average quotes, equivalent to a premium of $1.70 to spot quotes. The grade's November/December backwardation narrowed to $5.88 a tonne, down $2.13, posting the largest single-day fall in over a month. The benchmark 180-cst grade dropped $10.15, closing at $506.30 a tonne, while its premium dipped to $2.50, down 70 cents, on three deals. European trader Projector bought two 20,000-tonne lots, for Nov. 17-21 loading, from Vitol and Westport at $510 a tonne, equivalent to premium of $5.00 to spot quotes, and $511, equivalent to a premium of $6.00, respectively. The product's November crack spread to Dubai slipped a slender 25 cents to minus $6.75 a barrel, remaining in its week-long range. The fuel oil swaps market saw heavy trade, with 165,000-175,000 tonnes of mainly front-month November 180-cst traded down from $509.00 a tonne to $505.50. Second-month December swaps also saw heavy trades at $499.00-$499.50. Spiralling prices have driven buyers from China, Asia's largest buyer, to seek cheaper alternative sources as import volumes from Kazakhstan rose to 80,000-100,000 tonnes for August and September, up from last year's average of about 10,000 tonnes a month.
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Pinnacle Master	02-Nov-2007 10:23        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is the only Green counter from my watchlist! Strong!
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Pinnacle Master	02-Nov-2007 08:33        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	NYMEX crude pares Thursday's loss, around $94/bbl U.S. crude oil futures rose to around $94 a barrel on Friday, paring Thursday's losses from a record high amid worries over the health of the U.S. economy. * Front-month U.S. crude for December delivery was up 48 cents at $93.97 a barrel on the Globex electronic trading platform. It settling down $1.04 at $93.49 on Thursday, after hitting a record high of $96.24.
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AK_Francis Supreme	02-Nov-2007 00:53        AK_Francis About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Happy go lucky, cheers."
x 0   x 0  Alert Admin	Now crude oil surged till 9.6. How far it can go? Do u think tomorrow SPC will surge pass 9.00? And the crude oil will surge pass 100? Not US or neither OPEC wanted to see that. As the extremelly high oil price will not benifit oil production countries. This is because the high oil prices will affect the glober econemy, no good for everyone. BTW, I download all my SPC share during Black Mon and Tue in Spore time. No regret now.
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KiLrOy Master	01-Nov-2007 21:04        KiLrOy About Contact  Quote this Post!   Yells: "I buy only what I can see."
x 0   x 0  Alert Admin	For now the TREND IS your FRIEND.  :)
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Manikamaniko. Master	01-Nov-2007 20:05        Manikamaniko. About Contact  Quote this Post!
x 0   x 0  Alert Admin	This long run-up has got to end somewhere... things won't go on indefinitely...
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singaporegal Supreme	01-Nov-2007 19:52        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 0   x 0  Alert Admin	TA charts (Acc/Dist, Chaikin and MACD) show some bearish signs.
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Manikamaniko. Master	01-Nov-2007 17:24        Manikamaniko. About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybe a punt (short) @9.05 will be interesting...
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yes888 Member	01-Nov-2007 17:05        yes888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Pinnacle Master Posted: 01-Nov-2007 14:45 x 0 x 0 Wow!!! $8.85!!! nickyng, are you going to do something here? wheres nicky nicky?....hahaha
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Pinnacle Master	01-Nov-2007 16:53        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shortists are trying to cover back now. Luckily I got mine covered with lower gain.. Just very small kopi $$$ only.
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idesa168 Elite	01-Nov-2007 16:36        idesa168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SPC will be strong these few days. Doubt Nick dare to touch or come near...hehehe.
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Pinnacle Master	01-Nov-2007 16:05        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	What goes up, must come down. Or is nickyng working very hard here?
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Pinnacle Master	01-Nov-2007 15:00        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	This oil bull is too strong today. Doubt nickyng or any other shortists can do anything to captialise on it today.
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Pinnacle Master	01-Nov-2007 14:45        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow!!! $8.85!!! nickyng, are you going to do something here?
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idesa168 Elite	01-Nov-2007 12:26        idesa168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SPC very fat today...vested.
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zhugeliang74 Member	01-Nov-2007 12:25        zhugeliang74 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ya...I like that...improving margins....
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Pinnacle Master	01-Nov-2007 11:41        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Singapore Hot Stocks-SPC jumps on oil price, higher margins Shares of Singapore Petroleum Co (SPC) jumped as much as 6.1 percent to S$8.70 with 2.1 million shares traded as improved oil refining margins raised hopes of higher earnings for SPC, dealers said. "High oil prices bode well for SPC and their refining margins are going up," said a local dealer. Prices of crude oil leaped nearly 2 percent to top $96 for the first time on Thursday, extending the previous day's 5 percent surge after an unexpected sharp fall in U.S. crude stocks and data showing strong economic growth. [O/R] SPC has some upstream exploration and production assets though its main refining business will benefit from improved refining margins, as fuel price gains outstrip crude. Dubai crude cracking margins in Singapore have climbed to $8.27 a barrel in the past five days, from $5.51 in September .
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zhugeliang74 Member	01-Nov-2007 08:47        zhugeliang74 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think of particular interest to investors is if SPC can increase its refining margins. Now, that will be interesting....
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Pinnacle Master	01-Nov-2007 08:41        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oil surges to record at over $95 a barrel U.S. oil hit a record over $95 a barrel on Wednesday, posting the biggest gain in 10 months after a steep drop in U.S. inventories fueled winter supply concerns and the U.S. Federal Reserve cut interest rates. U.S. oil rose $4.90, more than 5 percent, to $95.28 a barrel in late electronic trading after settling at $94.53 earlier. London Brent settled up $3.19 at $90.63 a barrel. U.S. crude oil stocks fell 3.9 million barrels in the week to October 26, government data showed, countering expectations for a build ahead of the Northern Hemisphere winter. The draw was led by a huge tumble in stockpiles at the Cushing, Oklahoma, delivery point for the NYMEX oil contract as companies drained storage tanks. "Given the economics of what it takes to store oil, it makes no sense to hold on to inventory right now," said Stephen Schork, president of The Schork Report. "Storage owners are taking the economically prudent step and dumping inventories." Retail heating oil prices in top oil consumer the United States shot to a record $2.95 a gallon last week on the winter supply worries. Further price support came as the dollar plummeted to a record low against the euro. The weak greenback has boosted many dollar-denominated commodities in recent weeks. FED CUT Oil roared higher ahead of the Fed's decision to lower benchmark costs by a quarter of a percent on Wednesday to bolster the world's biggest economy against the threat of the growing credit crisis. "The energy markets had assumed a quarter percentage point interest rate cut by the Fed, but there were still some that expected the cut to be half a percentage point," said Tom Knight of Truman Arnold. "While there may be some selling, I expect crude prices to firm here, after a $4 rise." Despite the battered housing sector, the U.S. economy grew at a surprisingly brisk clip in the third quarter boosted by strong consumer spending and brisk exports, the government said on Wednesday. In addition, the U.S. economy was holding up against high oil prices, the White House said on Wednesday. "The American economy is resilient and it's able to shrug off higher oil prices primarily through gains in productivity growth and through expansions into other sectors," White House economic adviser Edward Lazear said. Rate cuts by the Fed have added liquidity to financial markets by making it cheaper to borrow. Analysts say some of the extra cash has been drawn to energy markets and contributed to oil's record rally. The price increase has spurred U.S. government officials to call on OPEC to increase output, but cartel officials maintain speculator buying has driven up prices, not a supply shortage. "OPEC is not very happy with the existing situation that shows a lack of stability in world oil markets," Javad Yarjani, head of OPEC affairs at Iran's Oil Ministry, was quoted as saying. He warned that geopolitical concerns had created a "bubble" in oil prices which would burst one day.
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idesa168 Elite	31-Oct-2007 12:57        idesa168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Put the curse on the crude oil to drop drastically first, talk later!
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