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  1. StockEngine's Avatar
    StockEngine
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    July 14th, 2015 07:07 PM #2681
    Iran deal just dropped the oil price further worldwide. Thanks USA for accepting the nuclear deal lmao.
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  2. Juan Martinez
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    July 15th, 2015 01:08 PM #2682
    why is it that the price of oil has dropped by reason of this nuke deal? what's the connection? please pardon my ignorance.
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  3. StockEngine's Avatar
    StockEngine
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    July 15th, 2015 01:16 PM #2683
    Over supply plus more supply only lowers the prices.
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    July 15th, 2015 01:19 PM #2684
    Quote Originally Posted by Juan Martinez View Post
    why is it that the price of oil has dropped by reason of this nuke deal? what's the connection? please pardon my ignorance.
    Bro, the deal with Iran includes lifting the embargo on their oil export which was heavily restricted causing some economic woes to the government. Now they can export their abundant supplies to the world adding up to the existing surplus!

    Time to buy a hummer! :D
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  5. Monseratto's Avatar
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    July 15th, 2015 01:41 PM #2685
    The price of brent is back above USD 58...
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    July 15th, 2015 02:07 PM #2686
    Quote Originally Posted by Juan Martinez View Post
    why is it that the price of oil has dropped by reason of this nuke deal? what's the connection? please pardon my ignorance.
    War between the west & iran or gulf war3 is averted

    Israel is left alone in favor for war
    Last edited by kisshmet; July 15th, 2015 at 02:50 PM.
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  7. StockEngine's Avatar
    StockEngine
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    July 17th, 2015 05:20 AM #2687
    Quote Originally Posted by Monseratto View Post
    The price of brent is back above USD 58...
    Give Iran 6-12 months, theyre max exports now is a fraction of their pre-sanction output.

    40$ per barrel hopefully when Iran is running near max capacity.
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  8. timo07's Avatar
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    July 17th, 2015 08:05 AM #2688
    Are there indications of another round of price rollback next week? My fuel gauge is nearing empty level. It's a good thing holiday ngayon and have no plans of going anywhere. Makapaghintay magpakarga until next week.
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  9. jut703's Avatar
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    July 17th, 2015 10:52 AM #2689
    -15 cents for gasoline, -40 for diesel.

    No use holding back your fuel purchase, wala pang P10 matitipid mo on a full tank of gas.
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    July 17th, 2015 11:00 AM #2690
    Quote Originally Posted by jut703 View Post
    -15 cents for gasoline, -40 for diesel.

    No use holding back your fuel purchase, wala pang P10 matitipid mo on a full tank of gas.
    Yeah, not much for the gasoline. For diesel, it will be almost P2/L since the last time I filled up.
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  11. Ry_Tower's Avatar
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    July 17th, 2015 11:40 AM #2691
    Quote Originally Posted by jut703 View Post
    -15 cents for gasoline, -40 for diesel.

    No use holding back your fuel purchase, wala pang P10 matitipid mo on a full tank of gas.
    Up-down pa rin brent no? Kaya maliit lang if ever ang rollback.

    Kagabi bad trip sa balita, mga militanteng transpo group. Gusto pa din itaas pamasahe. Mga hunghang lang eh.
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    July 17th, 2015 12:00 PM #2692
    Yeah don't expect huge rollbacks yet similar to last year, but it's worth noting that July has been comprised purely of rollbacks.
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    July 17th, 2015 12:03 PM #2693
    Quote Originally Posted by Ry_Tower View Post
    Up-down pa rin brent no? Kaya maliit lang if ever ang rollback.

    Kagabi bad trip sa balita, mga militanteng transpo group. Gusto pa din itaas pamasahe. Mga hunghang lang eh.
    They are playing mind games to condition the public not to demand for roll back instead.
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  14. StockEngine's Avatar
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    July 19th, 2015 06:11 PM #2694
    If US oil export ban is lifted.... this will be mayhem.

    In short lower prices again for consumers everywhere.

    Hope this ban is lifted.
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  15. Monseratto's Avatar
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    July 20th, 2015 12:18 PM #2695
    From radio reports

    Shell FUEL PRICE ROLLBACK

    P0.20/L Racing, Nitro+, FuelSave Unleaded;
    P0.50/L FS Diesel, VPN+ Diesel;
    P0.20/L Kerosene;

    Effective 12:01AM July 21, 2015
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  16. jut703's Avatar
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    July 22nd, 2015 03:42 PM #2696
    Expect a rollback again next week of about 35 cents for gasoline and 50 cents for diesel
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  17. Juan Martinez
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    July 22nd, 2015 04:47 PM #2697
    ^ that's good news
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    July 23rd, 2015 09:30 AM #2698
    Quote Originally Posted by jut703 View Post
    Expect a rollback again next week of about 35 cents for gasoline and 50 cents for diesel
    thanks for the good news
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  19. Monseratto's Avatar
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    July 23rd, 2015 10:40 AM #2699
    Brent still going south, US oil below USD 50...



    - - - - - - - - - - - - - - - - - - - - - -

    Brent still going south, US oil below USD 50...

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    July 23rd, 2015 01:26 PM #2700
    ^Bro jut malaki ba lugi ng mga gas/oil company pag ganyan?
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