Oil Price Watch

[timo07]

Tapos na ba ang maliligayang araw natin or is this just a temporary setback?

[5000rpm]

o nga, hopefully this will just be a temporary increase...

[StockEngine]

Tapos na ba ang maliligayang araw natin or is this just a temporary setback?

So far the crude oil market has stabilized. China is the biggest factor. If their economy further shrinks, their oil consumption goes down further. Oil prices will drop more but not significantly.

Also as of monday today the barrel price dropped a small percentage. Not sure of the relative price drop next tuesday but we have Jut for that👍

[timo07]

So far the crude oil market has stabilized. China is the biggest factor. If their economy further shrinks, their oil consumption goes down further. Oil prices will drop more but not significantly.

Also as of monday today the barrel price dropped a small percentage. Not sure of the relative price drop next tuesday but we have Jut for that[emoji106]

Here's hoping the price will stay low for a few more months (a year or so more would probably be a dream already).

[yebo]

You don't know what you are asking for. Deflation has worse effects than inflation. I'd rather have higher prices than a world economy in retreat.

[mcbry]

any update on a possible fuel price roll back or increase next week?
thanks.

[jut703]

Trend is +0.03. Could turn into a tiny rollback depending on the trading this weekend.

[mcbry]

Trend is +0.03. Could turn into a tiny rollback depending on the trading this weekend.

hopefully it's a rollback, sir jut.
thanks.

[StockEngine]

20$ per barrel has been reiterated by Goldman Sachs. it will go down some more from the current sell price.

[Stigg ma]

20$ per barrel has been reiterated by Goldman Sachs. it will go down some more from the current sell price.

more than 50 USD/Barrel na ang binaba ng crude oil compared to last year pero ang presyo ng engine oil as is pa din! bakit ganun?

[StockEngine]

my post was regarding the predicted crude price going down in the coming months.

price of refined products is not directly proportional to crude oil price.

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

my post was regarding the predicted crude price going down in the coming months.

price of refined products is not directly proportional to crude oil price.

[StockEngine]

Sept 2014 petrol price: 48pesos (91ron)
Sept 2015 petrol price 35(91)

27% drop in 91ron fuel price

Sept 2014 Barrel price: 91 USD
Sept 2015 Barrel price: 44 USD

50% drop in barrel price.

[StockEngine]

Diesel price Sept 2014: 39.33
Diesel price Sept 2015: 23.48

Diesel price drop: 40%

crude price drop: 50%(sept 2014 vs sept 2015)

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

Diesel price Sept 2014: 39.33
Diesel price Sept 2015: 23.48

Diesel price drop: 40%

crude price drop: 50%(sept 2014 vs sept 2015)

[yebo]

^^ the cost of refining and transport remains the same so it will not be a directly proportional relationship.

$20 per barrel? di kaya yan, $21 ang nominal cost of production ng Saudi Arabia e di lugi pa sila ng $1.

From Forbes energy...

"The nominal cost of oil production for various countries is:
Saudi Arabia – $21/bbl
Middle East – $24/bbl
Russia – $26/bbl
Mexico – $42/bbl
S.America/Europe/Eurasia/Africa – $56/bbl
North America – $60/bbl
Gulf Deep Water – $70/bbl
Canada tar sands – $82/bbl
other unconventionals – $100/bbl
"However, while Saudi Arabia produces 10 million barrels of oil per day, more than any other country, it has little-to-no extra capacity to adjust to sudden increase in demand. Similarly for the other OPEC nations. So OPEC can no longer control the price and supply as well as they used to, because there is too much outside supply and too much growing volatility in demand.

"The above costs are only to sell from existing fields. But the Saudis need over $100 per barrel to significantly grow their capacity to produce, a critical distinction that is usually overlooked."

[ano727]

Guys, what's the forecast for this coming Tuesday oil prices? Thanks.

[chronicle]

Only minimal price hike. 10c lang

[ano727]

Only minimal price hike. 10c lang

If this is confirmed, time to gas up tomorrow. Thanks.

Or others have a different info on this? Hopefully, rollback.

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

Only minimal price hike. 10c lang

If this is confirmed, time to gas up tomorrow. Thanks.

Or others have a different info on this? Hopefully, rollback.

[br733]

20$ per barrel has been reiterated by Goldman Sachs. it will go down some more from the current sell price.

anytime an investment bank comes out with a bold market outlook similar to what GS said, beware, chances are they are betting the other way around.

20$ per barrel seems low but it's not impossible. i remember in the late 90s after the asian financial crisis, crude and platts was down to single digit levels if i am not mistaken. refining margins then were almost zero or at negative levels.

also for those comparing crude versus pump price, you are failing to consider the forex which is also a crucial factor.

[caloyskii23]

Mates, do we have an update on fuel price next week? Will it increase? Or decrease? Hope its the latter

[StockEngine]

anytime an investment bank comes out with a bold market outlook similar to what GS said, beware, chances are they are betting the other way around.

20$ per barrel seems low but it's not impossible. i remember in the late 90s after the asian financial crisis, crude and platts was down to single digit levels if i am not mistaken. refining margins then were almost zero or at negative levels.

also for those comparing crude versus pump price, you are failing to consider the forex which is also a crucial factor.

After they predicted the 20$/barrel price, Goldman's cred is sh*t now lol

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

anytime an investment bank comes out with a bold market outlook similar to what GS said, beware, chances are they are betting the other way around.

20$ per barrel seems low but it's not impossible. i remember in the late 90s after the asian financial crisis, crude and platts was down to single digit levels if i am not mistaken. refining margins then were almost zero or at negative levels.

also for those comparing crude versus pump price, you are failing to consider the forex which is also a crucial factor.

After they predicted the 20$/barrel price, Goldman's cred is sh*t now lol