Oil Price Watch

[Monseratto]

Coal at Natural Gas ata gamit ng mga NPC power generators...

[erick_214]

Parang timang kasi itong gobyerno natin, hindi magpa-explore ng magpa-explore ng oil and gas para maraming magawang rig dito sa bansa natin at ng sa ganun ay magmura na presyo ng petrolyo at kuryente...

Yung tubig nga pala dapat magbaba rin sila ng singil. Isa pa yang nakakabadtrip, mayron silang min na 10cu.m, so kahit hindi mo magamit lahat ng 10 same pa rin babayaran mo.

Napakaraming kabalbalan ang gobyernong ito..!

[boybi]

$59 nalang WTI.

[12vdc]

Ipp's use bunker fuel.

[Monseratto]

Some countries are selling at a discount just maintain market share... add to the predicted drop in demand.

Benchmark U.S. oil prices dropped below $60 a barrel for the first time since July 2009 as Saudi Arabia questioned the need to cut output, signaling its priority is defending market share.

Global demand for crude from the Organization of Petroleum Exporting Countries will drop next year by about 300,000 barrels a day to 28.9 million, the least since 2003, the group predicted yesterday.

Oil’s collapse into a bear market has been exacerbated as Saudi Arabia, Iraq and Kuwait, OPEC’s three largest members, offered the deepest discounts on exports to Asia in at least six years. The group decided against reducing its output quota at a meeting last month, letting prices drop to a level that may slow U.S. production that’s surged to the highest level in more than three decades.

Kuwait offered the biggest discount to its Asian customers since December 2008, following Saudi Arabia and Iraq in reducing export prices. Kuwait Petroleum Corp. will sell its crude at $3.95 a barrel below a Middle East benchmark next month, the state-owned company said in a faxed statement yesterday.

“The market is in free fall,” Stephen Schork, president of Schork Group Inc., a consulting group in Villanova, Pennsylvania, said by phone. “Prices will continue to fall until the Saudis signal that they are prepared to take action or we see the global economy pick up.”

[Monseratto]

Some countries are selling at a discount just to keep market share... add to the predicted drop in demand.

Benchmark U.S. oil prices dropped below $60 a barrel for the first time since July 2009 as Saudi Arabia questioned the need to cut output, signaling its priority is defending market share.

Global demand for crude from the Organization of Petroleum Exporting Countries will drop next year by about 300,000 barrels a day to 28.9 million, the least since 2003, the group predicted yesterday.

Oil’s collapse into a bear market has been exacerbated as Saudi Arabia, Iraq and Kuwait, OPEC’s three largest members, offered the deepest discounts on exports to Asia in at least six years. The group decided against reducing its output quota at a meeting last month, letting prices drop to a level that may slow U.S. production that’s surged to the highest level in more than three decades.

Kuwait offered the biggest discount to its Asian customers since December 2008, following Saudi Arabia and Iraq in reducing export prices. Kuwait Petroleum Corp. will sell its crude at $3.95 a barrel below a Middle East benchmark next month, the state-owned company said in a faxed statement yesterday.

“The market is in free fall,” Stephen Schork, president of Schork Group Inc., a consulting group in Villanova, Pennsylvania, said by phone. “Prices will continue to fall until the Saudis signal that they are prepared to take action or we see the global economy pick up.”

[badkuk]

Ipp's use bunker fuel.

Sir ibig po bang sabihin pwedeng bumaba Meralco bills natin?


Just how big is the scale of smuggled oil sales from ISIS? My uneducated impression is that it's not that big.

[oliver1013]

Bumaba nga, sa tindi ng trapik ganun din...

[jut703]

Another rollback coming up next week! Latest trending is P1.35 for gasoline and P1.25 for diesel.

Merry Christmas to all motorists!

[dct]

Another rollback coming up next week! Latest trending is P1.35 for gasoline and P1.25 for diesel.

Merry Christmas to all motorists!

Nice!! Thanks bro!

[marky0910]

mautak ang OPEC, mukhang papatayin nila ang shale oil at Russian oil markets. Come June next year, malamang tatalon pataas yang price.

[macsd]

mautak ang OPEC, mukhang papatayin nila ang shale oil at Russian oil markets. Come June next year, malamang tatalon pataas yang price.

http://newsinfo.inquirer.net/657655/...ll-white-house
http://newsinfo.inquirer.net/657650/...-global-threat

OPEC is mere following US lead. The whole idea of this oil collapse is to bring Russia to it's knees. US can't fight Russia on military so they attack it's economy and so far succeeding and we're benefiting as well. This is in retaliation of Russian aggression of Ukraine.

[BratPAQ]

39 na lang caltex gold dito sa Cavite. Nakakatakot na to, baka may balik.

[niky]

Obama will sign new Russia sanctions bill--White House | Inquirer News
Russia's sinking economy becoming a global threat | Inquirer News

OPEC is mere following US lead. The whole idea of this oil collapse is to bring Russia to it's knees. US can't fight Russia on military so they attack it's economy and so far succeeding and we're benefiting as well. This is in retaliation of Russian aggression of Ukraine.

Actually, Russia is just one of the targets.

Saudi Arabia is squeezing several nations' nuts in their vise grip. They're dampening development on US Shale Oil, to keep their market share afloat. They're helping the Russian economy sink further, already battered by sanctions... and the Saudis hate Russia...

They're hurting Iran, which needs $100+ oil to stay profitable. They hate Iran and its support of extremists, too. Further down this road is potential unrest in Iran if the economy sinks further with oil prices... AND

They're hurting ISIS, which won't make as many millions selling oil at low prices as it did when prices were high.

-

America isn't behind the Saudi long game. It's all about them. And they have enough oil and dollars left in their reserves to hold out and bleed the economies of several countries dry before they let prices resume their natural level (and when those prices snap back... man, will that hurt).

[jut703]

When gas prices are high, people complain that they can't afford it.

When gas prices are low, people complain that it leads to too much traffic.

Ano ba talaga gusto niyo? Sala sa init sa sa lamig.

[_Cathy_]

When gas prices are high, people complain that they can't afford it.

When gas prices are low, people complain that it leads to too much traffic.

Ano ba talaga gusto niyo? Sala sa init sa sa lamig.

Between the two, I'd go for the latter. I don' have a choice anyway. High or low, I still need to drive. I'd rather do so with less traffic.

[erick_214]

I prefer higher prices and high quality fuels.

[CVT]

Let It Be!!!

Bring It On!!!


“The measure of a man is what he does with power – LJIOHF!”
Duterte for President of the Philippines in 2016!
25.3K:charot:

[mar04]

Sorry noob question, up until ang rollback? TIA

[cast_no_shadow]

Ano nga ba year yun? nasa 58 - 60 pesos per liter ang gas? ang luwag ng kalsada!