Oil Price Watch

[jut703]

Price increase again next week.

OT: i just noticed na daming hukay sa mga shell stations. I wonder what they're doing


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At least one peso increase next week for gas, 80 cents for diesel.

I wonder if its euro5 products...

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No, it's not. Just regular station works (BMW promo display, pavement repair, UGT replacement, Deli2Go conversion). 😊

Upgrading to Euro 5 will not require any digging whatsoever. Just like the Euro 2 to Euro 4 switch, all they have to do is use up the old products in their tanks, and then have the tankers deliver the new products.

And also remember, Shell is a refiner. They just spent several hundred million to upgrade the ancient Tabangao refinery to meet Euro 4 standards. It will take several hundred million more to upgrade again to Euro 5, and you can be sure that they won't do that without government prodding.

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[CVT]

At least one peso increase next week for gas, 80 cents for diesel.
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Thanks bro.,- now, I am torn between filling up this week, or wait until the fuel allowance reboots itself next month (next week)...


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[macsd]

At least one peso increase next week for gas, 80 cents for diesel.

True on the date of posting as oil shoot up at the start of the week. But with yesterday's closing drop, there shouldn't be any price movement.

Crude Oil Prices - Live Oil Price Chart, Price Forecast & Analysis

[jut703]

True on the date of posting as oil shoot up at the start of the week. But with yesterday's closing drop, there shouldn't be any price movement.

Crude Oil Prices - Live Oil Price Chart, Price Forecast & Analysis

Weekly price change is based on the week-long average.

Latest trend as of yesterday is still +1.50 gas, +1.10 diesel. Even if prices drop tremendously for one day, it won't significantly affect the full week average.


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[CVT]

Weekly price change is based on the week-long average.

Latest trend as of yesterday is still +1.50 gas, +1.10 diesel. Even if prices drop tremendously for one day, it won't significantly affect the full week average.


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Those will be significant increases, indeed.

I should have filled up this morning, but then it is raining and....😉

[c_cube]

OH NO!

Wala na bang bumababa ngayon? Panty nalang ba talaga?

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[Verbl Kint]

The World Bank is predicting prices over $55 per barrel sometime next year. Not sure if the Duterte economic team already factored this in for 2017. Inflation will likely be over the consistent 2% or so performance during the PNoy administration.

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[Monseratto]

World Oil price drops again... And very miniscule recovery for the PHP.



Oil tumbles as output cut looks elusive, shares slip
| Reuters

[Leo_Arz]

Shell INCREASE
₱1.50/L VPN+ Racing97, VPN+95, FuelSave91;
₱1.20/L VPN+ Diesel, FS Diesel;
₱1.40/L Kerosene;
eff 06:00AM Nov 29, 2016


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[GTi]

World Oil price drops again... And very miniscule recovery for the PHP.



Oil tumbles as output cut looks elusive, shares slip
| Reuters

So... Should we be expecting another price drop next week?

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[chua_riwap]

So... Should we be expecting another price drop next week?

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big time rollback ba?

[GTi]

Filled my tank yesterday, thanks to the info here. Should last me till the next (hopefully downward) price adjustment. 😁

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[baludoy]

More than a peso din pala ang increase bukas

to be or not to be, that always confuses me!

[StockEngine]

If the energy minister says oil price will balance out eventually... it only means.. the idiots have given up on talking with the shietes.





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[StockEngine]

Russia confirmed it will not be taking part in the talks and Iran and Iraq are resisting pressure from Saudi Arabia to curtail output....

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[StockEngine]

50 and counting ..

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[StockEngine]

So its official: the greedy bastards have an agreement.

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[uls]

US shale oil companies very happy

[b_9904]

So its official: the greedy bastards have an agreement.

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They are cutting supply?

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[Yatta]

I heard on the news that whatever supposed rollbacks next week will be wiped out by the strong dollar.