5 THINGS YOU SHOULD KNOW WHY OIL AND GAS INDUSTRY AT ROCK BOTTOM

Everywhere you go, you may heard, people are talking about market crash. Many people tend to believe, the oil price will drop further downward.

One thing people have forget, as I always said, "Bull or Bear it wont tell you in the public but it give u sign to think". 

If you followed my previous posting, I had elaborate on market recovery starting from this year. 

As for this posting I will highlight on oil and gas rock bottom era.

1. Many Oil and Gas company Issue For Bankruptcy

http://www.malaysiandigest.com/bahasa-malaysia/594475-150-syarikat-minyak-dunia-bakal-muflis.html?utm_source=dlvr.it&utm_medium=facebook&utm_campaign=malaysian+digest

2. Many Retrenchment Activity in Oil and Gas Industry 

http://www.theborneopost.com/2015/12/10/219-locals-retrenched-from-oil-gas-industry-in-first-10-months/

http://www.themalaymailonline.com/malaysia/article/petronas-mulling-vss-report-says

http://themalaysianreserve.com/new/story/shell-cut-1300-staff-malaysia

3. Money Lending Policy Is Tightening 

http://www.thestar.com.my/news/nation/2016/01/21/bsn-admits-to-issuing-notice-on-oil-and-gas-employees/

4. Crude Oil Drop to the Worse More Than A Decade

Crude oil hit to the lowest since 2009, and the lowest in 2016 is at 26.12 USD

5. High Hedge Fund, Short Oil

The chart show you, the hedge funds maximize short and creating new high hedging. This show market extremely in bad condition. If they are really smart, hedge fund should maximize short position at early stage of bear market but not now.

Many people are talking about market crash, but we have to remember lot of commodity are started to rebound and recovery. 

Crude oil down almost 70% from higher 104USd to current low.

Oil price might not fast rebound as it happened in 2009, but it may gradually recovery.

I'm still believe the OPEC and NON-OPEC has to do something to rescue the industry or else they also may suffer due to low crude oil price. The current price is too low and not significant to do and expand oil business.

Stay tune, I'll keep updating the info