Oil Price Watch

[uls]

tataas pa ang langis

Brent edges toward $113; U.S. crude boosted by pipeline news | Reuters

(Reuters) - Brent crude climbed towards $113 a barrel on Wednesday, while the U.S. benchmark rose more than $1 to a five-week high after news of the scheduled start of a key pipeline helping to relieve a supply bottleneck at the country's main oil storage hub.

U.S. oil built on a more than $2 jump in the previous session, after TransCanada Corp (TRP.TO) said it would begin operations at its Keystone XL pipeline on January 3.

The launch will allow rising inventories at the Cushing, Oklahoma oil hub to move to the U.S. Gulf Coast, where a large share of the country's refining capacity is concentrated.

[Retz]

sana man lang may oil price rollback before the year ends. pamasko na lang nila sa atin.

[Stigg ma]

sana man lang may oil price rollback before the year ends. pamasko na lang nila sa atin.

nag abot na sa P44 to 1 USD ang palitan, nag taas pa intl crude oil prices huhuhuhuhuh...

Shell FS RON91 * las pinas P49.65 daang hari / P50.75 along Alabang Zapote road...

[Noel Salisipan]

Shell zaragosa nueva ecija, ron91 (unleaded) 47.30, diesel kukang na 43pesos lang.

[macsd]

nag abot na sa P44 to 1 USD ang palitan, nag taas pa intl crude oil prices huhuhuhuhuh...

Shell FS RON91 * las pinas P49.65 daang hari / P50.75 along Alabang Zapote road...

Strong $ work's to my favor. XCS & Protec also 49.65 * petron & total along commerce ave Alabang.

[ClaNker]

nag abot na sa P44 to 1 USD ang palitan, nag taas pa intl crude oil prices huhuhuhuhuh...

Shell FS RON91 * las pinas P49.65 daang hari / P50.75 along Alabang Zapote road...

Ayos yan, sana umabot ng Php 50 to 1 USD.

[c_cube]

Ayos yan, sana umabot ng Php 50 to 1 USD.

huwag naman, kawawa kaming importer. yun oil price nalang tumaas hehehe

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[macsd]

huwag naman, kawawa kaming importer. yun oil price nalang tumaas hehehe

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Sir, just curious. During the height of EDSA 2, the $ shoot up to 56+ and until the first few years of GMA was hovering at P50. Yet the basic commodities & practically everything, prices went up from then up to now that the $ is at 43-44 level. So, my question is, is it really the strength of the $ that's cause prices to go up or just being used as an excuse by scrupulous businesses ?

[Retz]

Rollback on diesel fuel price today 6am 55c/Li. Gasoline price increase 40c/Li.


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[Retz]

Php45.05/Li dieselmax at Sipocot.


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[jut703]

Php45.05/Li dieselmax at Sipocot.


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Taga-Bicol ka Retz?


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[uls]

brent back above $110

[uls]

from page 200

Nov 29 2013

in previous posts i mentioned that when crude oil produced from shale makes its way to the US Gulf coast the spread between Brent and WTI will narrow

well it did narrow (the spread almost vanished in July this year) but it widened again coz there's just too much oil




MARKET WATCH: Oil futures prices drop before US inventory gain - Oil & Gas Journal



it's not that oil has stopped flowing to the Gulf coast

it's flowing to the Gulf coast but the supply built up there

shale oil is now competing with oil produced in the Gulf of Mexico (Light Louisiana Sweet)

LLS is very high quality crude (low viscosity, low sufur)

LLS trades at a premium to Brent... well... used to trade at a premium

LLS now trades at a discount to Brent

LLS discount to Brent could be permanent on light sweet crude invasion « The Barrel Blog


it's coz there's so much crude coming from shale oil producers




so one may ask why doesnt the US export that excess crude oil?

it can't

coz the US Congress in the 1970s made it illegal to export domestically produced crude oil

so there

in line with my analysis...

[Ry_Tower]

Buti may rollback sa diesel (.45) at gas, sana LPG sumunod na din. malaki na rin binaba nang brent eh. $107 na lang.

[macsd]

Buti may rollback sa diesel (.45) at gas, sana LPG sumunod na din. malaki na rin binaba nang brent eh. $107 na lang.

Is it diesel & gas roll back or diesel & lpg ?

[Ry_Tower]

Is it diesel & gas roll back or diesel & lpg ?

Diesel and gas. I only wish LPG would follow.

[crazy_boy]

hindi ba nagrollback na auto LPG ng P4.++ last week?

[Ry_Tower]

hindi ba nagrollback na auto LPG ng P4.++ last week?

Mali nga pala nakita ko, diesel at kerosene lang bumaba, wala unleaded. Don't know about LPG for vehicles. I was hoping the LPG for cooking will go down as well kasi.

OT: Nagka-ubusan nga nang induction stove, dami daw bumibili because of high LPG prices.

[crazy_boy]

OT, ang maganda kasi sa induction cooker mabilis maluto pagkain. but eventually hahabol na din electricity cost.

[Ry_Tower]

OT, ang maganda kasi sa induction cooker mabilis maluto pagkain. but eventually hahabol na din electricity cost.

It would still be better than electric stove kasi kaya alternative ko pa din yan if ever hindi pa din bumaba cost nang gasul.