Results 11 to 20 of 51
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August 28th, 2018 05:27 PM #11
^yes supply and demand...
As I said, once "winter" kicks in, the goal is tumaas ang demand sa Europe/US/China for Global prices to go up.
Prices did not go up in Q1 (2018)... So everyone is hoping for the global price to increase in Q4, otherwise it's almost a lost year (again) for the energy sector
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August 28th, 2018 05:37 PM #12
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August 28th, 2018 05:39 PM #13
a lot of things can happen between now and 2020
if the global economy slows down (including the US) in 2019 global demand for crude will fall
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August 28th, 2018 05:49 PM #14
Ships are already using Low Sulfur bunkers... Halos sa international waters na lang nila nagagamit and normal bunkers.
As for the current prices of Oil, as I said last time I checked it's still below $80 per barrel...
If you just look at the West side of Singapore, I think there are 4 oil rigs waiting as the current market cannot justify their operation... Some countries need oil to reach $100/barrel, I think Venezuela needs it to be at $130...
It's presently below $80.
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August 28th, 2018 05:51 PM #15
a global slowdown will hit diesel more coz it's the commercial/industrial fuel
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outlook for higher diesel price is not 100% certain
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protectionism / trade war will slow down global trade which will slow down global container shipping
less ships criss-crossing the world, less demand for fuel
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August 28th, 2018 06:00 PM #16
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August 28th, 2018 06:10 PM #17
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August 28th, 2018 06:13 PM #18
you keep saying oil is under $80
so what's your point?
oil is cheap?
it hasn't been this expensive since 2015
it's obviously hurting the Philippines which got used to $40/$50 oil for some time
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August 28th, 2018 06:24 PM #19
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August 28th, 2018 06:29 PM #20
coz if oil prices went higher it would cause demand destruction and oil prices would fall
they need to maintain a price high enough to make money but not too high to kill demand
Kwento ng katrabaho ko, meron daw sya officemate dati na Italiano na tinanong daw bakit...
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