Oil Price Watch

[soulfly023]

Dumaan ako dyan sa EDSA Buendia na yan, 24/l diesel

[jut703]

any update for oil price next week?
thanks.

Diesel: +0.50
Gasoline: -0.80

So we cant trust waze gas prices?

No. At least not reliably. Sometimes it's correct, but you never know which one. [emoji4]


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[soulfly023]

Ayos roll back sa gas

[mcbry]

Diesel: +0.50
Gasoline: -0.80

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wow! good news for gasoline
thanks.

[c_cube]

Diesel: +0.50
Gasoline: -0.80


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Nako! Lugi ako, nagpafull tank ako kagabi ng 58 liters.

[XTO]

Nako! Lugi ako, nagpafull tank ako kagabi ng 58 liters.

Ubusin mo agad tapos pa full tank ka o eh di bawi. J/L

[Leo_Arz]

Price hike for diesel 60-80 cents
Rollback on gas 70-90 cents

[StockEngine]

Oil went south and bottomed out. Now Warren Buffet invests in oil. What a genius.

[Leo_Arz]

Shell ROLLBACK
₱0.70/L FS Gas, VPN+, VPN+ Racing;
INCREASE
₱1.05/L FS Diesel, VPN+ Diesel;
₱0.95/L Kerosene;
eff 06:00AM Feb 9, 2016

[Leo_Arz]

^ 0.95 diesel hike

[macsd]

Oil tumbles after Saudi-Venezuela talks, WTI below $30 | Inquirer Business

Traffic pa more.

[CVT]

Para yatang medyo mataas ang increase ng diesel fuel..😕

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[GTi]

^Well, by the looks of it, it'll be going down again soon. Besides, 19-20/L still isn't so bad... :D

[rodetor]

Nothing new about it. Because it happened over and over again, yearly it is all the same. It will rollback so low, then the price will come up skyrocketing high within the year.

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[erick_214]

sana lumiit price difference ng diesel at gasoline

[bayen]

Yeah, 20~ is still acceptable. Still better than gas prices

[Monseratto]

[macsd]

Oil sinks to below $28 as IEA warns of falling prices | Inquirer Business

NEW YORK, United States — Oil prices sank again Tuesday as the International Energy Agency warned prices could fall further on a growing oversupply and weakening global demand growth.

US benchmark West Texas Intermediate for March delivery dropped $1.75 (5.9 percent) to $27.94 a barrel on the New York Mercantile Exchange.

In London, Brent North Sea crude for delivery in April, the European benchmark for crude oil, dived to $30.32 a barrel, shedding $2.53 (7.7 percent) from Monday’s settlement.

Both WTI and Brent had fallen more than three percent Monday.

The IEA, in its monthly report Tuesday, forecast the global oil surplus would be larger than previously expected in the first half of 2016.

It noted that OPEC was responsible for the supply glut hitting the market, adding that Saudi Arabia, Iraq and sanctions-free Iran had “all turned up the taps” in January.

“With the market already awash in oil, it is very hard to see how oil prices can rise significantly in the short term,” it said.

“In these conditions the short-term risk to the downside has increased.”

The IEA maintained its view that global demand growth “will ease back considerably” in 2016 to 1.2 million barrels a day from 1.6 million barrels a day in 2015.

Late last month, prices rallied briefly on speculation that Russia — the largest global oil producer — and the 13-nation Organization of the Petroleum Exporting Countries cartel could discuss coordinated output cutbacks.

But the IEA said that “the likelihood of coordinated cuts is very low.”

Matt Smith of ClipperData noted that the US Department of Energy’s short-term outlook report, also released Tuesday, gave a similar picture of the market.

“So the combination of both these reports might be sending crude charging low into the $20s again,” he said.

Rollback pa more

[kimbon]

Admittedly we benefit from falling oil prices but this may result in lower deployment of OFWs, possible retrenchment & terminating contracts of Middle East-based migrant workers, a decrease in USD remittances etc... Tsk, dami na naman hihinto sa pag-aaral at magugutom nito

[timo07]

It's already happening. It's in the news for the past few days.