Oil Price Watch

[niky]

Where we are right now? About P38 per liter probably... This is 40% more expensive vs. the US....

22% Tax.

Minus 12% VAT: P33.93.

Minus P4.35 Excise tax: P29.5 vs P28. Not a huge difference.

If you want to blame someone, blame the government for taking so much of your money at the pumps.

Plus consider that the United States is now an oil producing nation. Nobody complains that gas is cheaper in Saudi. That's a given. They make their own. Just like the US now does.

Guess What Happened The Last Time The Price Of Oil Crashed Like This? | Global Research

Pretty much **** hits the fan soon.

[Monseratto]

Shell price ROLLBACK(01/11/2015)

P1.70/L Racing, Nirto+, FuelSave Unleaded;
P1.50/L FS Diesel, VPN+ Diesel;
P1.60/L Kerosene;

effective 12:01AM Jan 12, 2015

[Monseratto]

Petron price ROLLBACKS

effective 12:01 a.m. Jan. 12, 2015

P1.70/li for Blaze 100 Euro 4, XCS, Xtra Advance and Super Xtra.
P1.50/li for Turbo Diesel and DieselMax.
P1.60/li for kerosene.

[jut703]

For those who aren't familiar yet, gas prices usually change on Tuesdays (12am) if it's an increase or a small decrease. For bigger rollbacks though, changes are effected as early as 12am of Sunday, but sometimes they delay it to 12am of Monday (like this week's rollback).

So best to watch the news on these days (Saturday-Monday night) to know the actual price change.

Also, as early as the day after the price change, there are already price trends in the market for the next week, most accurately reported by Singapore's MOPs (Mean of Platts). This is the price of refined crude (either gasoline or diesel). However, since MOPs data isn't public, most people just speculate from Brent crude prices, which is easily searchable.



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[dct]

For those who aren't familiar yet, gas prices usually change on Tuesdays (12am) if it's an increase or a small decrease. For bigger rollbacks though, changes are effected as early as 12am of Sunday, but sometimes they delay it to 12am of Monday (like this week's rollback).

So best to watch the news on these days (Saturday-Monday night) to know the actual price change.

Also, as early as the day after the price change, there are already price trends in the market for the next week, most accurately reported by Singapore's MOPs (Mean of Platts). This is the price of refined crude (either gasoline or diesel). However, since MOPs data isn't public, most people just speculate from Brent crude prices, which is easily searchable.



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Very helpful ang mga post mo sir jut. Keep it coming for the upcoming weeks :D

[Monseratto]

The drop continues...

Oil dives anew, falling 5 percent on Goldman downgrade, outages | Reuters

(Reuters) - Oil fell 5 percent to its lowest in nearly six years on Monday, extending the second-deepest rout on record, after Goldman Sachs warned that prices would fall further and Gulf oil producers showed no sign of cutting output.

The unrelenting rout, which has wiped nearly 60 percent off prices since June, shows no sign of letting up, with many traders giving up attempts to predict a bottom even amid growing signs that U.S. shale drillers are hitting the brakes.

[jut703]

Wow, first day of the trading week and MOPS trend is already at -P1.25 for gasoline and -P1.00 for diesel.

Rollback pa more!

[Wh1stl3r]

Enjoy it while you can, it won't last. I'd give it a few months. If only fracking could make a profit at this level... But then the Saudis would just drop prices and/or increase production again. With current prices there is more to be fearful of than to celebrate. Sh*t will indeed hit the fan. In a big way. As an SNL Donald Trump impersonator put it, "It's gonna be huge.".

[jut703]

For the first time this year, a price increase is looming according to the latest MOPs - +45 cents for gasoline, no change for diesel.


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[dct]

Tataas next week sir jut?

[jut703]

Yup. 45 cents gasoline. Let's see if prices go back down by Friday.


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[radz15]

Enjoy it while you can, it won't last. I'd give it a few months. If only fracking could make a profit at this level... But then the Saudis would just drop prices and/or increase production again. With current prices there is more to be fearful of than to celebrate. Sh*t will indeed hit the fan. In a big way. As an SNL Donald Trump impersonator put it, "It's gonna be huge.".

Naka ready na yung mga 50 liter gasoline containers ko. Imbak mode

[dct]

Yup. 45 cents gasoline. Let's see if prices go back down by Friday.


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Thanks. Update us sir. Full tank na tayo lahat

[benjie413]

Sir jut.

May rollback this coming week? Tnx

[jut703]

Latest price trend is +35 gasoline, -10 on diesel.


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[french]

Saudi Prince: Oil Will Never Be $100 A Barrel Again

Saudi Prince: Oil Will Never Be $100 A Barrel Again

[niky]

Saudi Prince: Oil Will Never Be $100 A Barrel Again

Saudi Prince: Oil Will Never Be $100 A Barrel Again

Old article. The death of the King is starting a trend of speculation and a small price spike... as people are waiting to see if Saudi Arabia will cut supply under new leadership.

Also: Never say never. It is possible that speculators will no longer be able to drive the price of oil that high... but somewhere in the future (perhaps in two or three decades, if the global economy recovers), high demand and falling stockpiles will push the prices back up to their "natural" $80 level... and pehaps beyond, depending on what our energy mix will look like by then.

[victorevolution]

Old article. The death of the King is starting a trend of speculation and a small price spike... as people are waiting to see if Saudi Arabia will cut supply under new leadership.

Also: Never say never. It is possible that speculators will no longer be able to drive the price of oil that high... but somewhere in the future (perhaps in two or three decades, if the global economy recovers), high demand and falling stockpiles will push the prices back up to their "natural" $80 level... and pehaps beyond, depending on what our energy mix will look like by then.

but boss niky, you forgot one thing, technology can keep oil prices down, from fcv to hyrdorgen... toyota has just given a go ahead for the lax on its ipl on fcv reasearch patents- last time this stuff happened was when westinghouse was pressured by morgan's ge takeover from edison.

plus solar panels are becoming a more viable and cheaper option... and lets not get started on wind...

let me speculate, twenty to thirty years from now maybe only aeroplanes would need fossil fuel.

the reason why the arabs lowered the price of crude is due to the americans extracting shale and other energy developments around the world.

we are all humans after all, we adapt and we will find a better solution to our energy crisis, and if that happens s goobye to those who funds terrorism- saudis and quatar do fund this extrimist crappers via oil money

[Wh1stl3r]

Naka ready na yung mga 50 liter gasoline containers ko. Imbak mode

Kaso sir malaking volume rin nawawala sa evaporation. Pag hindi steep ang increase talo.. Nagawa ko na rin kasi yan hehe. Sa diesel naman nagkakaroon ng algae lookings critters pag matagal nakaimbak.

[Wh1stl3r]

but boss niky, you forgot one thing, technology can keep oil prices down, from fcv to hyrdorgen... toyota has just given a go ahead for the lax on its ipl on fcv reasearch patents- last time this stuff happened was when westinghouse was pressured by morgan's ge takeover from edison.

plus solar panels are becoming a more viable and cheaper option... and lets not get started on wind...

let me speculate, twenty to thirty years from now maybe only aeroplanes would need fossil fuel.

the reason why the arabs lowered the price of crude is due to the americans extracting shale and other energy developments around the world.

we are all humans after all, we adapt and we will find a better solution to our energy crisis, and if that happens s goobye to those who funds terrorism- saudis and quatar do fund this extrimist crappers via oil money

The only problem with shale oil and other sources is it will always be more expensive to extract and process. This makes them uncompetitive with the Saudis who simply pump the oil from the ground. Until their supplies decline and oil prices increase, the alternative oil sources will not be viable.