this website looks and smells like garbage 🤣
Traders Are Betting On $1 Oil In 2 18 | OilPrice.com
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this website looks and smells like garbage 🤣
Traders Are Betting On $1 Oil In 2 18 | OilPrice.com
Sent from my SM-G935F using Tsikot Forums mobile app
^may credit card rebate + smac points pa sa shell
Ok lang mag unioil if they are cheaper than big3 in the area, then you have snr membership
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Phoenix Petroleum has the lowest prices in our immediate area, even lower than the nearest Unioil station with S&R discount. Have been gassing up there almost exclusively for the past year.
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so US shale oil can PERMANENTLY satisfy global demand and keep oil prices low FOREVER?
what if it's only a myth
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That statement is only for shales future hehehe
The current low prices now is because the supply is greater than the demand.
With the recent India-US Megabillion oil trade, OPEC will certainly have more oil(rising inventory) to sell in other regions. And the only way to sell is with lower prices..
So bros, will pump prices be higher or lower next week? TIA. 😋
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ROLLBACK next week!
Estimates:
DIESEL/GASOLINE P0.50-P0.60/L
KEROSENE P0.80-P0.85/L
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They're ok with 50 dollar oil coz they increased efficiency and cut cost
Then what?
They can't increase efficiency and cut cost any further
Now tumataas cost nila
Oil services companies are charging more
Labor cost is rising
Shareholders are demanding profits (breakeven is not acceptable)
US shale oil and Canadian oil sands need WTI consistently above $50 to pay off
Meron limit ang patience ng investors
Sige drill pa more
Para consistently under $50 ang WTI
Last edited by uls; October 8th, 2017 at 01:12 PM.
Fuel price change
of SHELL effective Tues 0600H, 10 Oct 2017:
Gas: -0.50/L
Kero: -0.85/L
Diesel: -0.40/L