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  1. Join Date
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    #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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    #12
    Quote Originally Posted by ice15 View Post
    ^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



    the article posted by SE is specifically talking about future demand for low sulfur diesel when ships around the world have to start using it

    sa year 2020 pa yan

    itong pag taas ng pump prices recently is coz oil prices have bounced back

    nothing to do with the article

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    #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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    #14
    Quote Originally Posted by uls View Post
    the article posted by SE is specifically talking about future demand for low sulfur diesel when ships around the world have to start using it

    sa year 2020 pa yan

    itong pag taas ng pump prices recently is coz oil prices have bounced back

    nothing to do with the article
    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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    #15
    a global slowdown will hit diesel more coz it's the commercial/industrial fuel

    --

    outlook for higher diesel price is not 100% certain

    -

    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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    #16
    Quote Originally Posted by ice15 View Post
    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 east 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.


    yes brent is a little under $80 which is multi-year high





    brent recovered from the low 70s recently



    that's why pump prices increased recently


    what is your point?

  7. Join Date
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    #17
    Quote Originally Posted by uls View Post
    what is your point?
    The multi-year high is still way below where it needs to be.

    Prices should go up, otherwise it will just turn to a bigger problem later...



    It's less than $80 right now... For "world peace" oil prices must go higher.

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    #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

  9. Join Date
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    #19
    Quote Originally Posted by ice15 View Post
    The multi-year high is still way below where it needs to be.

    Prices should go up, otherwise it will just turn to a bigger problem later...



    It's less than $80 right now... For "world peace" oil prices must go higher.
    as if fiscal breakeven is the only determining factor

    maybe you've forgotten recent developments

    when oil reached 80 and stayed there, OPEC+Russia decided to increase output



    which caused oil prices to pull back

  10. Join Date
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    #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

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JAN-1-2020: Maritime Diesel Price to go up Consequently Gas and Diesels too