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  1. Join Date
    Sep 2003
    Posts
    25,038
    #6631
    With the engines of economies grind of economic growth grind to a halt...

    Oil Companies Wonder If It’s Worth Looking for Oil Anymore
    As the coronavirus ravages economies and cripples demand, European oil majors have made some uncomfortable admissions in recent months: oil and gas worth billions of dollars might never be pumped out of the ground.

    With the crisis also hastening a global shift to cleaner energy, fossil fuels will likely be cheaper than expected in the coming decades, while emitting the carbon they contain will get more expensive. These two simple assumptions mean that tapping some fields no longer makes economic sense. BP Plc said on Aug. 4 that it would no longer do any exploration in new countries.

  2. Join Date
    Jul 2004
    Posts
    7,714
    #6632
    Oil hike next week: Diesel, gasoline prices seen to go up next week —Unioil

    "xxx

    Pump prices of fuel products may be up for another round of price hikes in the coming week, Unioil Petroleum Philippines said Saturday.
    advertisement

    In its fuel forecast for August 18 to 24 trading week, Unioil said the price per liter may go up by P0.10.

    Gasoline prices, likewise, were expected to increase between P0.60 and P0.70 per liter.

    xxx"

  3. Join Date
    Nov 2005
    Posts
    45,927
    #6633
    Why oil prices falling

    slowdown in China buying

    futures market finally catching up to what physical oil traders noticed for some weeks

  4. Join Date
    Jul 2004
    Posts
    7,714
    #6634
    Oil price hike next week: https://www.philstar.com/headlines/2...ices-rise-week

    "xxx In a fuel forecast for Sept. 22 to 28, Unioil Petroleum Philippines said the price of diesel is seen to increase by P0.10 per liter,while the price of gasoline is expected to rise by P0.50 to P0.60 per liter. xxx"

  5. Join Date
    Sep 2008
    Posts
    587
    #6635
    What is the trend for next week increase or decrease?

  6. Join Date
    Sep 2003
    Posts
    25,038
    #6636
    Quote Originally Posted by jakewise View Post
    What is the trend for next week increase or decrease?

    Minimal ang fuel price movements next week.

    Eto estimates:

    Gasoline P0.05-P0.10/LUpwards arrow

    Diesel no movement-
    P0.05/LDownwards arrow

    Kerosene P0.15-P0.20/LUpwards arrow

  7. Join Date
    Jul 2004
    Posts
    7,714

  8. Join Date
    Jul 2004
    Posts
    7,714
    #6638
    Attention mga motorista!

    May dagdag bawas sa presyo ng produktong petrolyo next week!

    Eto estimates:

    Gasolina - DOWN P0.30-P0.40/Litro

    Diesel - UP P0.20-P0.30/Litro

    Kerosene - UP P0.15-P0.25/Litro

    source: Twitter

  9. Join Date
    Jul 2004
    Posts
    7,714
    #6639
    Attention mga motorista, may ROLLBACK sa petrolyo next week!

    Eto estimates:

    DIESEL - P0.25-P0.35/L ⬇️

    GASOLINA - walang galaw-P0.10/L⬇️

    KEROSENE P0.15-P0.20/L ⬇️

    Source: Twitter

  10. Join Date
    Mar 2008
    Posts
    52,509
    #6640
    Quote Originally Posted by 111prez View Post
    Attention mga motorista!

    May dagdag bawas sa presyo ng produktong petrolyo next week!

    Eto estimates:

    Gasolina - DOWN P0.30-P0.40/Litro

    Diesel - UP P0.20-P0.30/Litro

    Kerosene - UP P0.15-P0.25/Litro

    source: Twitter
    week-ends is my fill-up schedule.
    and it is always a gamble.
    this time, it seems, talo ako.

    car doesn't go out sunday.

Oil Price Watch