Oil Price Watch

[Kick Buttowski]

Expect more rollback as the two big players flood the market with supply.





Saudi Arabia, Russia raise stakes in oil production standoff - Reuters

Let the government take some of the price rollback (3 pesos per liter, reducing the rollback to 2 pesos per liter) to fund and fight corona virus...anyway..these are all domino effect of corono virus...opinion only, don't judge me

[marky2115]

Wala nang econo mode driving. High rev na madalas. Hahaha

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[dr. d]

Wala nang econo mode driving. High rev na madalas. Hahaha

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wife,
bring out my lead driving shoes.

[GTi]

Come to think of it, bawas pa ang traffic! Ang problema, where to...?

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[dr. d]

Come to think of it, bawas pa ang traffic! Ang problema, where to...?

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sa maginhawa!
isa-isahin araw-arawin natin mga eating places!

[ninjababez]

sa maginhawa!
isa-isahin araw-arawin natin mga eating places!

EB na bro! LOL

[Egan101]

EB na bro! LOL

Sa BGC na lang


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[mokong22]

ADVISORY: BIG ROLLBACK
Petron will implement the following price rollbacks effective 6 a.m. on March 17:
P4.00/li for gasoline;
P4.00/li for diesel; and
P4.50/li for kerosene.
These reflect movements in the international oil market. Thank you.

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[WallyWest]

4.25 naman ang rollback sa Caltex

source: alvin elchico twitter

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[Gumusut_Amige]

Now that more countries are enforcing their own lock down, expect oil prices will drop more.

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[Monseratto]

At these prices, many defaults in the horizon...


The global oil price war is pushing highly indebted US shale companies toward default, an event that could trigger 'financial contagion'

[uls]

^^^

what those junk companies do is issue new debt to pay off maturing debt (rollover) but this time there's no market

only the most creditworthy companies can borrow money now

[Monseratto]

Oil now broke the lowest price level reached during 2016.





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[GTi]

Oil now broke the lowest price level reached during 2016.





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Sadly, no way for end consumers to enjoy the effects at this time...

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[kagalingan]

oh kita nyo pag honest na eh mas mataas rollback ng gaso.

So to desel, who you ka ngayon?

[tarzegetakizerd]

Medyo kaya din siguro nila magrollback ng mataas dahil mababa ang demand. Less lugi

[tarzegetakizerd]

Anong projection sa oil price? Magstay na ba siya sa ganitong level?

[timming_gear]

26 na lang diesel samin, useless naman dahil sa locked down. [emoji16]

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[tarzegetakizerd]

26 na lang diesel samin, useless naman dahil sa locked down. [emoji16]

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pang-akyat baba ko lang kotse papunta ng office galing housing. mga 2 km baba tuloy ng FC ko hahahaha

[NiCe2KnowU]

Nonsense Naman kahit mura mga Yan, sigurado biglang sipa price Nyan kapag balik na sa normal lahat sus
Gasul Mahal pa Rin kasi need e

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