Oil Price Watch

[Ry_Tower]

Any news if me rollback ngayong weekend?

Mukhang malabo pati this weekend.

On the other hand, some interesting news. BBC News - CNOOC's Nexen bid: Shareholders approve $15.1bn deal

CNOOC had offered to pay $27.50 cash per share for Nexen in July, a 60% premium on its share price at the time.

However, the deal still needs to be approved by the Canadian government which has launched a review to access its benefit to Canada.

If approved, the deal will be China's largest foreign business takeover.

A wrong decision will have a very big impact on Canada's economy and has ramifications politically.

[uls]

diba nag rollback na? 43+ na diesel

[Ry_Tower]

diba nag rollback na? 43+ na diesel

Yup, pero iba ata yung gusto ni threxx666 eh. Yung malaking rollback.

[Noel Salisipan]

Pero bakit kaya halos mura ng 5pesos ang gasoline dito sa Western Pangasinan?

[BratPAQ]

may rollback daw tuesday midnight, kaya bukas paglabas nyo mura na ng 80 cents, although sa mga narinig kong magro-rollback di kasama chevron/caltex.

[threx666]

Hehehe di naman sir ry ,

Sabi nga nila kahit pasingko sing ko along basta tuloy tuloy ok na rin hehehehe

[beni23]

Nay naku! Baryang roll-back....

Palaliman na lang ng bulsa sa traffic....

16.9K:spam:

Magtatas ng 5 magbaba ng 1. Hahaha. Wag na sila magrollback, nakakahiya naman sakanila!!!


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[Ry_Tower]

Dapat meron uli this weekend or early next week but most probably cents lang din.

[vinj]

Magtatas ng 5 magbaba ng 1. Hahaha. Wag na sila magrollback, nakakahiya naman sakanila!!!


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MAs mahal pa gastos sa mapower para i-adjust yung mga signage and inputs ng presyo.

[uls]

flight back to dollar



downside pressure on oil

WTI breaks $90 support

[uls]

flight back to dollar



WTI breaks $90 support

[uls]

flight back to dollar



WTI falls below $90 support




just reminding everyone of the inverse correlation

[uls]

my OIL PRICE chart of the day



^^^

coz you can see where oil price is going

hehehe

[uls]

overbought... oversold... overbought... oversold... in search of equilibrium... $112. looks equlibrium-y doesnt it?

3 months after Shell CEO said "I see (oil prices) softening in the second-half" (that was when Brent was at $90)

So ULS, you are Smarter than the SHELL CEO too.

Shell CEO sees oil price falling more in 2012

Demand is quite clearly softening, but I wouldn’t say it’s collapsing. Today the market has enough oil, more oil than we need…I see (oil prices) softening in the second-half,” Voser told CNBC on the sidelines of the World Gas Conference in Kuala Lumpur on Tuesday. CNBC, June 5, 2012. a Few Hours ago.

Hey ULS, has it ever occurred to you that people other than yourself can be Right?

These people actually work in the Oil and Financials Industry, while you are just an Armchair analyst.

so far so wrong dude

[Batangenyo]

Mura pala ng 2 pesos gas dyan sa manila, dito sa batangas 54.55 petot

[dfopiso]

^ dahil yata sa inland transpo

diba merong oil depot sa batangas?

[niky]

^ dahil yata sa inland transpo

diba merong oil depot sa batangas?

There's an oil depot in Pandacan right by Malacanang. And their gas prices are still 2 pesos higher than ours in Laguna.

[uls]

gas station pricing depends competition in the area

[uls]

everybody thought the exchange between Turkey and Syria would be short-lived

but they're still at it

Turkey sent fighter jets to the border

now this --

http://online.wsj.com/article/SB1000...668888326.html

ISTANBUL—Turkey scrambled fighter planes late Wednesday to force a Syrian passenger plane en route from Moscow to Damascus to land in Ankara due to suspicions the plane was carrying weapons, the latest in a series of episodes that have dramatically heightened tensions between the neighbors and underscored the regional dimensions of Syria's deepening conflict.

Turkish Foreign Minister Ahmet Davutoglu and Turkish officials confirmed that the plane, a civilian aircraft, was being searched on the runway at the capital's Esenboga Airport and said Turkey had banned its own civilian aircraft from Syrian airspace effective immediately amid fears of mounting insecurity.

now this is one way to drag Iran into a war with the West. Syria and Iran are allies. Turkey is a NATO member. if Turkey and Syria go to war Iran will help Syria. that's justification for NATO to attack Iran

[Ry_Tower]

^ It really is becoming more critical than the Chinese-Japan row.


On a different news, Shell facing environmental legal battle.

BBC News - Ogoniland oil spills: Dutch case against Shell to begin