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[rangenoresources] 04/2/2019 12:37

Is QANTAS aka Loads aka Bickers aka Martini aka Gimpy The posting style is very similar

[1manos] 04/2/2019 11:19

Black gold hammering up
RRL in a death rattle what's the correlation doh hahahaha

[1manos] 04/2/2019 11:16

When you've no answers bring out QANTAS pmsl oh the irony hahahaha class

[1manos] 04/2/2019 11:16

When you've no answers bring out QANTAS pmsl oh the irony hahahaha class

[1manos] 04/2/2019 10:32

Titties I'm going to have a stab in the dark here mind.
I wonder if it's because they're losing money on every barrel of oil they excavate.

[1manos] 04/2/2019 10:26

Or it might not like🤣㊃5;

[titasiinitramho] 04/2/2019 10:25

WTI steaming ahead.

Pity Range isnt though.

Wonder why that is.

Whaddya reckon Rangers, why is Range stagnant when WTI is flying?

Lets discuss.

[1manos] 04/2/2019 10:22

Howay RNR play the game man 🤔.. WTI might gan up a few dollars 🙄

[rangenoresources] 04/2/2019 10:09

Not good news for RangeThere is a widespread concern in the world regarding China's decelerating economic growth. The slowdown, if it continues, threatens economic activity almost everywhere. Growth in Germany, for example, has already cooled due to its exports of high-quality machinery to China dropping precipitously.Those in the oil market also worry about China. The country's economic growth has been a key driver of global crude oil consumption. Indeed, China accounts for one-third of the International Energy Agency's projected 2019 increase in world oil use.Weak Chinese economic growth is not the end of the oil market's prospective ills, however. Few recognize the additional trouble on tap from the Chinese independent refiners affectionally known as "teapots." The danger occurs because lower oil demand growth in China comes just when independent refining capacity there is rising. The capacity growth has been financed primarily by debt, most likely supplied by China's alternative lenders. As demand slows, these refiners will turn to international markets, dumping products in Singapore, the Americas, or Europe to earn hard cash. In doing so, they could plunge the global refining industry into a serious recession and drive crude prices down sharply.This will not be the first time that refineries in Asia caused a crisis in the oil sector. In 1997, Korean refiners did the same during the Asian financial collapse. That incident is described in the December 1997 Oil Market Intelligence (OMI). The report begins by noting that Korean refiners had begun to seek exports markets before the crisis hit "mostly to employ 620,000 b/d of new refining capacity that came on stream since late 1966." The effort intensified as domestic consumption collapsed:But once the won started its second descent in two years-it dropped over 94% against the dollar between July 1 and December 10 [1997], much of it in early December-the push to export became more desperate because the five big refiners could not recoup in domestic product prices the staggering dollar price of crude oil feedstock. ("Economic Crisis Spills Over onto Oil Markets," Oil Market Intelligence, December 1997, p. 11.)The article noted that Korean refiners were trying to sell products to China, Taiwan, and Japan. It added that Korea's exports to China rose fourfold between January and October, while its share of the Chinese gasoil import market went from seven to twenty-six percent. The Asian refining center in Singapore lost market share, falling from seventy-five to twenty-six percent.Related: Oil Rallies As Saudis Cut Exports To The U.S.The OMI report also observed ominously that "shippers and traders report that Korean refiners are lowering prices to meet their need to expand that share."The gasoil market suffered significantly. The OMI editors explained that Korea's use was declining (consumption dropped one hundred fifty thousand barrels per day, or thirty-three percent, in December 1997 from December 1996), causing refiners to push gasoil to China. Those sales pressured margins at refineries in Singapore. The editors added, "If its [Korea's] five refiners can keep importing crude oil-and the government is now talking of using foreign exchange reserves to finance crude purchases and overcome private credit squeezes-it is likely to keep pumping out the product to its neighbors."Looking back twenty years, one sees this is what happened. Figure 1 traces the price of gasoil and premium gasoline in Singapore by month from January 1997 to December 1999. Spot gasoil prices plunged from a peak of $32.50 per barrel in December 1996 to a low of $13.80 in October 1998. Distillate cracks measured against spot Dubai crude dropped from $9 per barrel in December 1996 to zero in 1999.

[lewisyfawr] 04/2/2019 08:46

I agree with Nas. Far too much talk of oil price. RonResources used to mention it if it went from $51.01 to $50.99 - silly boy. No criticism by his alter ego Nas then, of course.

It is $55.43 this morning. Still hammering up. It is very relevant, of course. But what influence does Kerry Gu have over that part of his business. No, it is Donald Trump that decides oil price.

[1manos] 04/2/2019 08:30

.

Uywee gerrtdes huterrsy er kipp
Trewik ui hest re histe du blenkuo firstip
Alsk vert gursteein cuioprello buster blankdervee
Destuy ven RANGE SELL!!!!

[titasiinitramho] 04/2/2019 08:27

Strange, not much discussion on the impending dilution.

Ribenas all round.

[rangenoresources] 04/2/2019 08:21

Sea of Red this morning

[lewisyfawr] 04/2/2019 08:02

Excellent week last week. Oil hammering up and everything on track. Should be a good week again. DYOR.