Oil Price Watch

[greenlyt]

^

plano ko rin pag bili ng induction cooker, kaso biglang taas ng presyo ng kuryente kaya hinold ko muna

[Stigg ma]

ROLL back time

Oil companies lower fuel prices Monday | Economy | GMA News Online

[Ry_Tower]

^

plano ko rin pag bili ng induction cooker, kaso biglang taas ng presyo ng kuryente kaya hinold ko muna

Check mo sir meralco website, may sample computation sila, you just plug your data and you'll know if the investment if worth it.

[Ry_Tower]

$105 na lang brent, hopefully next week may rollback ulit.

[Stigg ma]

it's a sunday, still waiting for the 6PM on-wards announcement, but for now this is what we have... no confirmation yet

http://www.gmanetwork.com/news/video...sibleng-bababa

[crazy_boy]

wala pa ba tayong bagong roll back?

[xwangbu]

price increase sa petron and shell bukas 6am
(according to *inquirerdotnet and *gmanews):

+0.45/L for gas
+0.55/L for kerosene
+0.60/L for diesel

[Ry_Tower]

Brent at $109. Expect a price increase by weekend of next monday kapag hindi bumalik sa $107.

Mababa daw production eh.

[uls]

the Buzzard oilfield will undergo longer-than-expected maintenance

[Ry_Tower]

the Buzzard oilfield will undergo longer-than-expected maintenance

Winter is also making it harder to produce oil I presume.

[uls]

wti $100 this morning

the rally in the oil is also due to the rally in equities last Friday

the lower-the-expected jobs number will pressure the Fed to un-taper

un-taper is dollar negative and positive for risk assets

[uls]

US oil production surpasses Saudi Arabia

[niky]

US oil production surpasses Saudi Arabia

And yet WTI is still over $100. $3-4 gasoline in the US is here to stay.

I suppose $100 is the new natural support level for US oil?

[Ry_Tower]

And yet WTI is still over $100. $3-4 gasoline in the US is here to stay.

I suppose $100 is the new natural support level for US oil?

I've read somewhere that production cost is making WTI expensive.

[uls]

And yet WTI is still over $100. $3-4 gasoline in the US is here to stay.

I suppose $100 is the new natural support level for US oil?

very cold weather in the US boost demand for heating oil

i think traders would take profit above $100 (for now $100+ is more resistance than support)



the last time WTI was above a hundred...

[niky]

Wonder if the onset of the summer season later in the year will bring it back down? No chance of hitting 85 again, is there?

I've read somewhere that production cost is making WTI expensive.

Production support level used to be at $60. Then that was revised to $85, as it became apparent that well productivity for these shale finds drops drastically after just a year or two... meaning you need to ROI much faster, and can't bank on downstream production.

If it's $100 now... that means that with all the old locations tapped out, they've started more exploratory drilling... which should push costs up even more.

[uls]

I've read somewhere that production cost is making WTI expensive.

actually the high price of oil is what's making shale oil viable

the price of oil has to stay high to sustain investment in shale oil production

[uls]

Wonder if the onset of the summer season later in the year will bring it back down? No chance of hitting 85 again, is there?

they are trying to drain the huge stockpile of oil in Cushing

that huge stockpile suppressed the price of WTI

there's now more pipeline capacity to drain oil out of Cushing so it's less likely the price of WTI will fall big

if there's more outflow than inflow WTI should stay high

[uls]

positioning ahead of US EIA inventory report

expecting large drawdown in crude stock

[uls]

and wti loses momentum

U.S. CRUDE OIL FUTURES PARE GAINS AFTER EIA SHOWS LARGER-THAN-EXPECTED BUILD IN STOCKPILES