Oil Price Watch

[StockEngine]

Opec has raised the white flag...

Their oil outlook indicates major oversupply that they cant control.

Low price til the nov30 meeting...





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[CVT]

Opec has raised the white flag...


Their oil outlook indicates major oversupply that they cant control.

Low price til the nov30 meeting...
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Bro,- when you stated "low price", did you mean lower or flat compared to today?
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"The measure of a man is what he does with power" LJIOHF!

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[jut703]

Parehas lang sila ng price ng x-finity. Hehe

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Oh I meant established brands. There are a lot of generics in that stretch with lower prices but the bigger brands refuse to play the price war any more. It's not worth it from a profitability perspective. I mean yes we can kill them if we wanted but we'll end up bruised and broken as well.

Bro,- when you stated "low price", did you mean lower or flat compared to today?
_/_/_/
"The measure of a man is what he does with power" LJIOHF!

31.0K _/_/_/_/_/_/_/_/_/_/

Rollback for next week is roughly P1.00/L for gas and P0.70/L for diesel.



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[chua_riwap]

Oh I meant established brands. There are a lot of generics in that stretch with lower prices but the bigger brands refuse to play the price war any more. It's not worth it from a profitability perspective. I mean yes we can kill them if we wanted but we'll end up bruised and broken as well.



Rollback for next week is roughly P1.00/L for gas and P0.70/L for diesel.



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yesssss!
thanx sir.

[CVT]

Rollback for next week is roughly P1.00/L for gas and P0.70/L for diesel.



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Thanks dear bro.....

[Monseratto]

Twitter news

Shell to implement fuel price rollback on Tuesday, 6:00 AM:

Gasoline: -0.65/L
Kerosene: -0.55/L
Diesel: -0.65/L

[StockEngine]

It will not go up too much. It went up a little because of the election and the pipeline attack(too many this year)

But it will "probably" go down some more.(fundamentals of over supply)

It will go up(blimp) a few points again once opec announce "lies"(****kery)



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[StockEngine]

Big oil is treading on thin ice...

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[jakewise]

I was surprised to see the big jump of brent crude oil price yesterday, anyone can comment why this is so?

[StockEngine]

I was surprised to see the big jump of brent crude oil price yesterday, anyone can comment why this is so?

Opec opened its mouth. They said they're still working on the production cuts-which will be their only option moving forward.

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[jakewise]

Opec opened its mouth. They said they're still working on the production cuts-which will be their only option moving forward.

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does that mean that we should be expecting an increase next week?

[StockEngine]

Not necessarily. When they talk, it spikes up the oil market. When the inventory reports come out, it stablizes the market. Supply and demand.

Over supply is there until production cuts-dec1???

Relax til dec1😉

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[jakewise]

Not necessarily. When they talk, it spikes up the oil market. When the inventory reports come out, it stablizes the market. Supply and demand.

Over supply is there until production cuts-dec1???

Relax til dec1😉

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hehe, thanks for the heads-up, I hope so

[baludoy]

any fresh leads on next week's gas price direction?

[jakewise]

looks like an increase by next week, let us wait for the other gurus to chime in

[Leo_Arz]

No movement on gas, less 0.10 on diesel.


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[jakewise]

No movement on gas, less 0.10 on diesel.


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that's good to hear despite increase in crude oil prices and dollar exchange

[jut703]

The week started out with a big rollback, which is why despite the increase during the latter part of the week, end result is just roughly breakeven.


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[StockEngine]

There goes the low oil price. Iraq and Iran are now joining the production cut. 🙄







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[jakewise]

There goes the low oil price. Iraq and Iran are now joining the production cut. 🙄







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Which means tapos na ang maliligayang araw ??