Oil Price Watch

[uls]

Harvey: Why oil prices are falling, not spiking - Aug. 29, 217

of course when refineries are shut down crude oil stockpiles rise

nobody's using the oil

but when refineries are shut, product inventory falls

so product prices will rise

check out U.S. gasoline prices

[Monseratto]

That was fast...




Global fuel prices rise as Harvey'''s effects ripple beyond U.S. Gulf

[uls]

20 to 25 percent of US refining capacity has been taken out by Harvey

product prices jumped

from the article above:

U.S. gasoline futures (RBc1) rose as high as $2.1705 per gallon for the first time since 2015, while Energy Secretary Rick Perry warned that pump prices would rise.[O/R]

Average U.S. retail fuel prices have surged by more than a dime per gallon from a week ago, the American Automobile Association (AAA) said early on Thursday, reaching $2.449 per gallon nationwide.

--

brent rally probably short covering

[uls]

European gasoline cargoes meant for other countries are diverted to the US (hey, US gasoline prices are attractive)

Freight cost for renting tankers to ship gasoline from Europe to North America have spiked this week

European refiners are taking advantage of rising product prices in the US

it's just business

[uls]

we're already affected

tumaas presyo ng LPG diba?

US can't export LPG to Asia right now

[Leo_Arz]

Next Week OIL PRICE HIKE
Estimates:
Gasolina P0.35-P0.45/L
Diesel P0.25-P0.35/L
Kero P0.40-P0.50/L


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[baludoy]

ngek! may increase nanaman pala bukas. kelangan mag fill-up na din mamaya kung ganun

[Leo_Arz]

Shell fuel price change
effective on Tuesday at 6 AM:

Gasoline: +P0.40/L
Kerosene: +P0.50/L
Diesel: +P0.40/L




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[uls]

Interest for Asia refined products

Traders sourcing fuel cargoes from Asia for Americas

[mokong22]

MOPS Trajectory VATINC PRICE TREND as of 09/08/2017
ADO +1.02
MOGAS +0.38
KER +0.80

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[Leo_Arz]

May OILPRICEHIKE na nman next week! Lagot mga DIESEL ang vehicle.
Estimates:
DIESEL P1.20-P1.30/L
GASOLINE P0.30-P0.40/L
KERO P0.80-P0.90/L
Magfull tank na ko Tom.


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[Altuy]

May OILPRICEHIKE na nman next week! Lagot mga DIESEL ang vehicle.
Estimates:
DIESEL P1.20-P1.30/L
GASOLINE P0.30-P0.40/L
KERO P0.80-P0.90/L

Oh no... Parang 2 months and counting na ba ito..?

[uls]

A major buyer of US refined products is Mexico

With US refineries down for a week, Mexico had to source elsewhere

[Leo_Arz]

SHELL adjustment effective Tues 0600H, 12 September 2017:
Gas: +0.45/L
Kero: +0.90/L
Diesel: +1.30


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[uls]

[uls]

Brent price for prompt delivery is now higher than prices for months further out

A situation called backwardation

Exactly the situation OPEC wants

Sign that supply is getting tight

[Leo_Arz]

No adjustment on fuels tomorrow. Sept 19, 2017


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[Monseratto]

Broke USD 56 level...

[uls]

[Monseratto]

SHELL adjustments effective Tues 0600H, 26 September 2017 -
Gas: no change
Kero: +0.65/L
Diesel: +0.45/L